Gross Margin % is calculated as gross profit divided by its revenue. CKX Lands's Gross Profit for the
three
months ended in Dec. 2023 was $0.66 Mil. CKX Lands's Revenue for the
three
months ended in Dec. 2023 was $0.69 Mil. Therefore, CKX Lands's Gross Margin % for the quarter that ended in Dec. 2023 was 95.80%.
The historical rank and industry rank for CKX Lands's Gross Margin % or its related term are showing as below:
CKX'
s Gross Margin % Range Over the Past 10 Years
Min: 80.65 Med: 92.02 Max: 95.76
Current: 95.76
During the past 13 years, the highestGross Margin % of CKX Lands was 95.76%. The lowest was 80.65%. And the median was 92.02%.
CKX's Gross Margin % is ranked better than 98.49% of 925
companies
in the Oil & Gas industry
Industry Median: 27.87
vs CKX: 95.76
CKX Lands had a gross margin of 95.80% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for CKX Lands was 1.20% per year.
CKX Lands Gross Margin % Historical Data
The historical data trend for CKX Lands'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.
CKX Lands Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Gross Margin %
90.01
93.75
92.48
91.76
95.69
CKX Lands Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Gross Margin %
86.22
93.37
96.22
96.53
95.80
Competitive Comparison
For the Oil & Gas E&P subindustry, CKX Lands'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.
CKX Lands Gross Margin % Distribution
For the Oil & Gas industry and Energy sector, CKX Lands's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CKX Lands's Gross Margin % falls into.
* 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.
CKX Lands (AMEX:CKX) 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
CKX Lands had a gross margin of 95.80% for the quarter that ended in Dec. 2023 => Durable 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.
CKX Lands Gross Margin % Related Terms
Thank you for viewing the detailed overview of CKX Lands's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.
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