Pryce (PHS:PPC) Gross Margin % : 34.19% (As of Mar. 2024)

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What is Pryce Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pryce's Gross Profit for the three months ended in Mar. 2024 was ₱1,604 Mil. Pryce's Revenue for the three months ended in Mar. 2024 was ₱4,691 Mil. Therefore, Pryce's Gross Margin % for the quarter that ended in Mar. 2024 was 34.19%.

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

PHS:PPC' s Gross Margin % Range Over the Past 10 Years
Min: 16.86 Med: 25.69 Max: 31.19
Current: 31.19

During the past 13 years, the highest Gross Margin % of Pryce was 31.19%. The lowest was 16.86%. And the median was 25.69%.

PHS:PPC's Gross Margin % is ranked better than
54.69% of 927 companies
in the Oil & Gas industry
Industry Median: 28 vs PHS:PPC: 31.19

Pryce had a gross margin of 34.19% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Pryce was 1.10% per year.

Pryce Gross Margin % Historical Data

The historical data trend for Pryce'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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Pryce Gross Margin % Chart

Pryce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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27.20

26.69

25.98

23.01

29.05

Pryce 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															25.94	22.01	31.19	36.20	34.19

Competitive Comparison of Pryce's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, Pryce'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.

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

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

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

Pryce Gross Margin % Calculation

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

Pryce'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 )
	=	5593.8	/	19258.204
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19258.204 - 13664.437)	/	19258.204
	=	29.05 %

Pryce'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 )
	=	1603.9	/	4691.068
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4691.068 - 3087.15)	/	4691.068
	=	34.19 %

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.

Pryce (PHS:PPC) 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

Pryce had a gross margin of 34.19% for the quarter that ended in Mar. 2024 => Competition eroding margins

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.

Pryce Gross Margin % Related Terms

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Pryce (PHS:PPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pryce Corp (PHS:PPC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1179 Chino Roces Avenue, Corner Bagtikan Street, 17th Floor Pryce Center Chino, Makati City, PHL, 1226

Website

https://www.pryce.com.ph

Pryce Corp is an LPG, industrial gases, and fuels company. The company, along with its subsidiaries has three operating business segments namely, the Real estate segment, LPG and industrial gases segment, and the Pharmaceutical products segment. It generates the majority of its revenue from the LPG and industrial gases segment. The main real estate business of the company is the development of memorial parks and the sale of memorial lots. LPG and industrial gases segment consists of the import and distribution of liquefied petroleum gas as well as the manufacturing and marketing of industrial gases. The pharmaceutical products segment includes wholesaling and distribution of privately branded multi-vitamins and over-the-counter generic drugs.