The historical rank and industry rank for Mesabi Trust's Gross Margin % or its related term are showing as below:
During the past 13 years, the highestGross Margin % of Mesabi Trust was 99.59%. The lowest was 95.57%. And the median was 99.14%.
MSB's Gross Margin % is not ranked *
in the Steel industry.
Industry Median: 13.005 * Ranked among companies with meaningful Gross Margin % only.
Mesabi Trust had a gross margin of N/A% for the quarter that ended in Jan. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mesabi Trust was -0.40% per year.
Mesabi Trust Gross Margin % Historical Data
The historical data trend for Mesabi Trust'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.
Competitive Comparison of Mesabi Trust's Gross Margin %
For the Steel subindustry, Mesabi Trust'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.
Mesabi Trust's Gross Margin % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Gross Margin % falls into.
* 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
Mesabi Trust had a gross margin of N/A% for the quarter that ended in Jan. 2024 => No sustainable 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.
Mesabi Trust Gross Margin % Related Terms
Thank you for viewing the detailed overview of Mesabi Trust's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.
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