Bowen Coking Coal (ASX:BCB) Gross Margin % : 90.61% (As of Dec. 2023)

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What is Bowen Coking Coal Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bowen Coking Coal's Gross Profit for the six months ended in Dec. 2023 was A$209.9 Mil. Bowen Coking Coal's Revenue for the six months ended in Dec. 2023 was A$231.6 Mil. Therefore, Bowen Coking Coal's Gross Margin % for the quarter that ended in Dec. 2023 was 90.61%.

The historical rank and industry rank for Bowen Coking Coal's Gross Margin % or its related term are showing as below:

ASX:BCB' s Gross Margin % Range Over the Past 10 Years
Min: -70.3 Med: -70.3 Max: 78.28
Current: 78.28

During the past 13 years, the highest Gross Margin % of Bowen Coking Coal was 78.28%. The lowest was -70.30%. And the median was -70.30%.

ASX:BCB's Gross Margin % is ranked better than
99.32% of 586 companies
in the Steel industry
Industry Median: 13.005 vs ASX:BCB: 78.28

Bowen Coking Coal had a gross margin of 90.61% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bowen Coking Coal was 0.00% per year.

Bowen Coking Coal Gross Margin % Historical Data

The historical data trend for Bowen Coking Coal's Gross Margin % can be seen below:

* 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.

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Bowen Coking Coal Gross Margin % Chart

Bowen Coking Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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-70.30

Bowen Coking Coal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-	-	346.23	62.16	90.61

Competitive Comparison of Bowen Coking Coal's Gross Margin %

For the Coking Coal subindustry, Bowen Coking Coal's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Bowen Coking Coal's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bowen Coking Coal's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bowen Coking Coal's Gross Margin % falls into.

Bowen Coking Coal Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Bowen Coking Coal's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	204.5	/	204.475
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(204.475 - 0)	/	204.475
	=	N/A %

Bowen Coking Coal's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	209.9	/	231.614
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(231.614 - 21.744)	/	231.614
	=	90.61 %

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.

Bowen Coking Coal (ASX:BCB) Gross Margin % Explanation

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

Bowen Coking Coal had a gross margin of 90.61% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Bowen Coking Coal Gross Margin % Related Terms

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Bowen Coking Coal (ASX:BCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bowen Coking Coal Ltd (ASX:BCB) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

167 Eagle Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.bowencokingcoal.com.au

Bowen Coking Coal Ltd is a coking coal exploration company. The firm holds the Broadmeadow East, Hillalong, Isaac River, Cooroorah, and Comet Ridge Coking Coal Projects, Bluff Mine, located in the Bowen Basin in Queensland, Australia. Also, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects. The Group operates in one geographical location being Australia and its operations are organized into two business units being the exploration and development of coal and mining and sale of coal.

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