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American Noble Gas's gross profit for the three months ended in Sep. 2023 was $-0.08 Mil. American Noble Gas's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.08 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. American Noble Gas's gross profit for the three months ended in Sep. 2023 was $-0.08 Mil. American Noble Gas's Revenue for the three months ended in Sep. 2023 was $0.02 Mil. Therefore, American Noble Gas's Gross Margin % for the quarter that ended in Sep. 2023 was -340.91%.
American Noble Gas had a gross margin of -340.91% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of American Noble Gas was -689.87%. The lowest was -2702.50%. And the median was -856.90%.
The historical data trend for American Noble Gas'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.
American Noble Gas Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | - | - | - | -0.55 | -1.20 |
American Noble Gas Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Gross Profit | Get a 7-Day Free Trial | -0.05 | -1.02 | 0.01 | - | -0.08 |
For the Oil & Gas E&P subindustry, American Noble Gas'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, American Noble Gas's Gross Profit distribution charts can be found below:
* The bar in red indicates where American Noble Gas's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
American Noble Gas's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit (A: Dec. 2022 ) | = | Revenue | - | Cost of Goods Sold |
= | 0.117 | - | 1.315 | |
= | -1.20 |
American Noble Gas's Gross Profit for the quarter that ended in Sep. 2023 is calculated as
Gross Profit (Q: Sep. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 0.022 | - | 0.097 | |
= | -0.08 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.08 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
American Noble Gas's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as
Gross Margin % (Q: Sep. 2023 ) | = | Gross Profit (Q: Sep. 2023 ) | / | Revenue (Q: Sep. 2023 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | -0.08 | / | 0.022 | |
= | -340.91 % |
* 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.
American Noble Gas (OTCPK:AMNI) 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
American Noble Gas had a gross margin of -340.91% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage
Thank you for viewing the detailed overview of American Noble Gas's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas J Heckman | 10 percent owner, officer: CEO & CFO | 15612 COLLEGE BLVD., LENEXA KS 66219 |
John A Loeffelbein | officer: Chief Operating Officer | 11900 COLLEGE BLVD., SUITE 310, OVERLAND PARK, KANSAS KS 66210 |
Amegy Bank National Association /gfn | 10 percent owner | |
Daniel F Hutchins | director, officer: CFO & Secretary | 11900 COLLEGE BOULEVARD, SUITE 310, OVERLAND PARK KS 66210 |
Renato Bertani | officer: Chief Operating Officer | 633 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202 |
Infinity Inc | director, officer: President and CEO | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Timothy A Ficker | officer: VP and Chief Financial Officer | 1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203 |
Elliot M Kaplan | director | 9705 LOIRET BLVD., LENEXA KS 66219 |
Orrie Lee Tawes | director | CIBC OPPENHEIMER WORLD FINANCIAL CENTER, NEW YORK NY 110281 |
Leroy C Richie | director | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Stanton E Ross | director, officer: President and Treasurer | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Jon D Klugh | officer: CFO and Secretary | 211 WEST 14TH STREET, CHANUTE KS 67202 |
James A Tuell | officer: Pres-Infinity Oil & Gas of Wyo | 1700 LINCOLN ST., SUITE 2800, DENVER CO 80203 |
Stephen D Stanfield | officer: Pres-Consol. Oil Well Services | 950 SEVENTEENTH ST STE 800, DENVER CO 80202 |
James W Dean | officer: VP - Strategic and Corp. Dev. | 950 SEVENTEENTH ST STE 800, DENVER CO 80202 |
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