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Statoil ASA (FRA:DNQA)
Gross Profit
€26,024 Mil (TTM As of Jun. 2015)

Statoil ASA's gross profit for the three months ended in Jun. 2015 was €6,913 Mil. Statoil ASA's gross profit for the trailing twelve months (TTM) ended in Jun. 2015 was €26,024 Mil.

Gross Margin is calculated as gross profit divided by its revenue. Statoil ASA's gross profit for the three months ended in Jun. 2015 was €6,913 Mil. Statoil ASA's revenue for the three months ended in Jun. 2015 was €15,798 Mil. Therefore, Statoil ASA's Gross Margin for the quarter that ended in Jun. 2015 was 43.75%.

Statoil ASA had a gross margin of 43.75% for the quarter that ended in Jun. 2015 => Durable competitive advantage

During the past 13 years, the highest Gross Margin of Statoil ASA was 50.10%. The lowest was 38.44%. And the median was 40.45%.


Definition

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Statoil ASA's Gross Profit for the fiscal year that ended in Dec. 2014 is calculated as

Gross Profit (A: Dec. 2014 )=Revenue - Cost of Goods Sold
=69396.1551146 - 41702.3305667
=27,694

Statoil ASA's Gross Profit for the quarter that ended in Jun. 2015 is calculated as

Gross Profit (Q: Jun. 2015 )=Revenue - Cost of Goods Sold
=15798.4790875 - 8885.93155894
=6,913

Statoil ASA Gross Profit for the trailing twelve months (TTM) ended in Jun. 2015 was 6694.18339237 (Sep. 2014 ) + 7032.11399989 (Dec. 2014 ) + 5385.53131879 (Mar. 2015 ) + 6912.54752852 (Jun. 2015 ) = €26,024 Mil.

Gross Profit is the numerator in the calculation of Gross Margin:

Statoil ASA's Gross Margin for the quarter that ended in Jun. 2015 is calculated as

Gross Margin (Q: Jun. 2015 )=Gross Profit (Q: Jun. 2015 ) / Revenue (Q: Jun. 2015 )
=(Revenue - Cost of Goods Sold) / Revenue
=6,913 / 15798.4790875
=43.75 %

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


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

Statoil ASA had a gross margin of 43.75% for the quarter that ended in Jun. 2015 => Durable competitive advantage


Related Terms

Cost of Goods Sold, Gross Margin, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Statoil ASA Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Gross_Profit 19,61931,93631,42026,66322,11227,12837,43640,24630,12727,694

Statoil ASA Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Gross_Profit 7,7057,3018,7508,2608,7787,0396,6947,0325,3866,913
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