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Key Energy Services's gross profit for the three months ended in Sep. 2020 was $2.2 Mil. Key Energy Services's gross profit for the trailing twelve months (TTM) ended in Sep. 2020 was $7.0 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Key Energy Services's gross profit for the three months ended in Sep. 2020 was $2.2 Mil. Key Energy Services's Revenue for the three months ended in Sep. 2020 was $42.9 Mil. Therefore, Key Energy Services's Gross Margin % for the quarter that ended in Sep. 2020 was 5.24%.
Key Energy Services had a gross margin of 5.24% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage
The historical data trend for Key Energy Services's Gross Profit 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.
Key Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | -102.58 | -94.70 | 19.29 | 32.66 | 23.42 |
Key Energy Services Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Gross Profit | Get a 7-Day Free Trial | 3.98 | 4.54 | 3.42 | -3.21 | 2.25 |
For the Oil & Gas Equipment & Services subindustry, Key Energy Services'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.
For the Oil & Gas industry and Energy sector, Key Energy Services's Gross Profit distribution charts can be found below:
* The bar in red indicates where Key Energy Services's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Key Energy Services's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as
Gross Profit (A: Dec. 2019 ) | = | Revenue | - | Cost of Goods Sold |
= | 413.854 | - | 390.431 | |
= | 23.4 |
Key Energy Services's Gross Profit for the quarter that ended in Sep. 2020 is calculated as
Gross Profit (Q: Sep. 2020 ) | = | Revenue | - | Cost of Goods Sold |
= | 42.911 | - | 40.663 | |
= | 2.2 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.0 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Key Energy Services's Gross Margin % for the quarter that ended in Sep. 2020 is calculated as
Gross Margin % (Q: Sep. 2020 ) | = | Gross Profit (Q: Sep. 2020 ) | / | Revenue (Q: Sep. 2020 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 2.2 | / | 42.911 | |
= | 5.24 % |
* 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.
Key Energy Services (OTCPK:KEGX) Gross Profit 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
Key Energy Services had a gross margin of 5.24% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage
Thank you for viewing the detailed overview of Key Energy Services's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Louis Coale | officer: VP and Controller | 41 ROLLING LINKS SPRING TX 77386 |
Nelson Haight | officer: Chief Financial Officer | 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027 |
Marcus C Rowland | director | 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024 |
Alan B. Menkes | director | 1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079 |
Katherine Hargis | officer: VP, CLO and Secretary | 1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010 |
Sherman Iii Edmiston | director | ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141 |
Wommack H H Iii | director | SOUTHWEST ROYALTIES INC, 407 N BIG SPRING STREET SUITE 300, MIDLAND TX 79701 |
Jacob Kotzubei | director | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
J Marshall Dodson | officer: President, CEO, Interim CFO | C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY STREET, SUITE 1800 HOUSTON TX 77010 |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Blackrock Inc. | 10 percent owner | 50 HUDSON YARDS, NEW YORK NY 10001 |
Bluemountain Capital Management, Llc | 10 percent owner | 280 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Bluemountain Gp Holdings, Llc | 10 percent owner | 280 PARK AVENUE,, 12TH FLOOR, NEW YORK NY 10017 |
Blue Mountain Credit Alternatives Master Fund L.p. | 10 percent owner | C/O BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017 |
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