GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubellite Energy Inc (TSX:RBY) » Definitions » Gross Profit

Rubellite Energy (TSX:RBY) Gross Profit : C$64.1 Mil (TTM As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Rubellite Energy Gross Profit?

Rubellite Energy's gross profit for the three months ended in Jun. 2024 was C$20.4 Mil. Rubellite Energy's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was C$64.1 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Rubellite Energy's gross profit for the three months ended in Jun. 2024 was C$20.4 Mil. Rubellite Energy's Revenue for the three months ended in Jun. 2024 was C$35.8 Mil. Therefore, Rubellite Energy's Gross Margin % for the quarter that ended in Jun. 2024 was 56.91%.

Rubellite Energy had a gross margin of 56.91% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 3 years, the highest Gross Margin % of Rubellite Energy was 56.74%. The lowest was 45.52%. And the median was 51.25%.


Rubellite Energy Gross Profit Historical Data

The historical data trend for Rubellite Energy'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.

* Premium members only.

Rubellite Energy Gross Profit Chart

Rubellite Energy Annual Data
Trend Dec21 Dec22 Dec23
Gross Profit
2.24 30.92 45.60

Rubellite Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.19 14.77 13.97 15.00 20.37

Competitive Comparison of Rubellite Energy's Gross Profit

For the Oil & Gas E&P subindustry, Rubellite Energy'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.


Rubellite Energy's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Rubellite Energy's Gross Profit falls into.



Rubellite Energy Gross Profit Calculation

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

Rubellite Energy's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=88.968 - 43.369
=45.6

Rubellite Energy's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=35.798 - 15.427
=20.4

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$64.1 Mil.

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

Rubellite Energy's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=20.4 / 35.798
=56.91 %

* 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.


Rubellite Energy  (TSX:RBY) 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

Rubellite Energy had a gross margin of 56.91% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Rubellite Energy Gross Profit Related Terms

Thank you for viewing the detailed overview of Rubellite Energy's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Rubellite Energy Business Description

Traded in Other Exchanges
Address
605 5 Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 3H5
Rubellite Energy Inc is a Canadian energy company. The company is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The company is also engaged in the production of conventional heavy crude oil from the Clearwater Formation in Eastern Alberta, The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.
Executives
Ryan Goosen Senior Officer
Jeff Green Senior Officer
Tamara Macdonald Director
Susan Riddell Rose 10% Security Holder, Director, Senior Officer
Ryan Shay Director, Senior Officer
Bruce Shultz Director
Linda Lee Mckean Senior Officer

Rubellite Energy Headlines

No Headlines