Rocky Mountain Industrials's gross profit for the
three
months ended in Jun. 2023 was $-0.01 Mil. Rocky Mountain Industrials's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.26 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Rocky Mountain Industrials's Gross Profit
For the Other Industrial Metals & Mining subindustry, Rocky Mountain Industrials's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rocky Mountain Industrials's Gross Profit Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Rocky Mountain Industrials's Gross Profit distribution charts can be found below:
* The bar in red indicates where Rocky Mountain Industrials's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.26 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Rocky Mountain Industrials had a gross margin of -3.70% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage
Rocky Mountain Industrials Gross Profit Related Terms
Thank you for viewing the detailed overview of Rocky Mountain Industrials's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Rocky Mountain Industrials (Rocky Mountain Industrials) Business Description
Rocky Mountain Industrials Inc is an exploration stage company dedicated to operating industrial assets in the United States including minerals, materials, and services. The company's operating segment includes Aggregates and Rail Park. It generates maximum revenue from the Aggregates segment. The Aggregates segment produces chemical grade lime for use in the aggregates market. Its Rail Park segment consists of land under development to provide a rail terminal and services facility.
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