IRPC PCL (BKK:IRPC-F) Gross Margin % : 4.65% (As of Mar. 2024)

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What is IRPC PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. IRPC PCL's Gross Profit for the three months ended in Mar. 2024 was ฿3,692 Mil. IRPC PCL's Revenue for the three months ended in Mar. 2024 was ฿79,348 Mil. Therefore, IRPC PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 4.65%.

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

BKK:IRPC-F' s Gross Margin % Range Over the Past 10 Years
Min: -2.25 Med: 4.36 Max: 10.88
Current: 1.55

During the past 13 years, the highest Gross Margin % of IRPC PCL was 10.88%. The lowest was -2.25%. And the median was 4.36%.

BKK:IRPC-F's Gross Margin % is ranked worse than
92.57% of 929 companies
in the Oil & Gas industry
Industry Median: 27.83 vs BKK:IRPC-F: 1.55

IRPC PCL had a gross margin of 4.65% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for IRPC PCL was 0.00% per year.

IRPC PCL Gross Margin % Historical Data

The historical data trend for IRPC PCL'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.

* Premium members only.

IRPC PCL Gross Margin % Chart

IRPC PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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1.15

-0.02

10.24

3.05

1.11

IRPC PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															2.84	-1.26	6.64	-4.07	4.65

Competitive Comparison of IRPC PCL's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, IRPC PCL'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.

IRPC PCL's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, IRPC PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where IRPC PCL's Gross Margin % falls into.

IRPC PCL Gross Margin % Calculation

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

IRPC PCL's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	3548.5	/	319047.082
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(319047.082 - 315498.58)	/	319047.082
	=	1.11 %

IRPC PCL's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3691.8	/	79347.845
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(79347.845 - 75656.044)	/	79347.845
	=	4.65 %

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.

IRPC PCL (BKK:IRPC-F) 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

IRPC PCL had a gross margin of 4.65% for the quarter that ended in Mar. 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.

IRPC PCL Gross Margin % Related Terms

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IRPC PCL (BKK:IRPC-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » IRPC PCL (BKK:IRPC-F) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

IRPC:Thailand TPIG:Germany

Address

555/2, Energy Complex, Vibhavadi Rangsit Road, Building B, 6th Floor,, Chatuchak, Bangkok, THA, 10900

Website

https://www.irpc.co.th

IRPC PCL is a Thailand-based company. The Company is principally engaged in the petroleum and petrochemical business with its products being refinery, lubricant, olefins, aromatics, plastic resins, and other petrochemical products. The company operates in three reportable segments; the Petroleum products segment, which produces and sells refinery, lubricant, and asphalt. The petrochemical products segment, produces and sells olefins, aromatics, and related products including special products. and Other business segments, includes divisions related to the Power plant, jetty, and other utilities. The majority of its revenue is derived from the Petroleum products segment.

IRPC PCL (BKK:IRPC-F) Headlines

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