Dragon Oil (FRA:DRS) Gross Profit : €436.3 Mil (TTM As of Jun. 2015)

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What is Dragon Oil Gross Profit?

Dragon Oil's gross profit for the six months ended in Jun. 2015 was €184.8 Mil. Dragon Oil's gross profit for the trailing twelve months (TTM) ended in Jun. 2015 was €436.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Dragon Oil's gross profit for the six months ended in Jun. 2015 was €184.8 Mil. Dragon Oil's Revenue for the six months ended in Jun. 2015 was €400.8 Mil. Therefore, Dragon Oil's Gross Margin % for the quarter that ended in Jun. 2015 was 46.11%.

Dragon Oil had a gross margin of 46.11% for the quarter that ended in Jun. 2015 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Dragon Oil was 76.83%. The lowest was 51.96%. And the median was 68.95%.

Dragon Oil Gross Profit Historical Data

The historical data trend for Dragon Oil'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.

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Dragon Oil Gross Profit Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Gross Profit

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389.89

671.82

629.39

528.39

597.25

Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Gross Profit	Get a 7-Day Free Trial								257.58	280.32	313.85	251.42	184.83

Competitive Comparison of Dragon Oil's Gross Profit

For the Oil & Gas E&P subindustry, Dragon Oil'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.

Dragon Oil's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Dragon Oil's Gross Profit falls into.

Dragon Oil Gross Profit Calculation

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

Dragon Oil'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
	=	886.469	-	289.217
	=	597.3

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

Gross Profit (Q: Jun. 2015 )	=	Revenue	-	Cost of Goods Sold
	=	400.834	-	216.001
	=	184.8

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was €436.3 Mil.

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

Dragon Oil'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
	=	184.8	/	400.834
	=	46.11 %

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.

Dragon Oil (FRA:DRS) 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

Dragon Oil had a gross margin of 46.11% for the quarter that ended in Jun. 2015 => Durable competitive advantage

Dragon Oil Gross Profit Related Terms

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Dragon Oil (FRA:DRS) Business Description

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Address

Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.