Hunting (Hunting) Gross Margin % : 25.15% (As of Dec. 2023)

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What is Hunting Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hunting's Gross Profit for the six months ended in Dec. 2023 was $113.5 Mil. Hunting's Revenue for the six months ended in Dec. 2023 was $451.3 Mil. Therefore, Hunting's Gross Margin % for the quarter that ended in Dec. 2023 was 25.15%.

Warning Sign:

Hunting PLC gross margin has been in long-term decline. The average rate of decline per year is -3.3%.

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

HNTIF' s Gross Margin % Range Over the Past 10 Years
Min: 10.55 Med: 23.22 Max: 31.2
Current: 24.51

During the past 13 years, the highest Gross Margin % of Hunting was 31.20%. The lowest was 10.55%. And the median was 23.22%.

HNTIF's Gross Margin % is ranked worse than
54.21% of 926 companies
in the Oil & Gas industry
Industry Median: 27.905 vs HNTIF: 24.51

Hunting had a gross margin of 25.15% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Hunting was -3.30% per year.

Hunting Gross Margin % Historical Data

The historical data trend for Hunting'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.

Hunting Gross Margin % Chart

Hunting Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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25.77

10.88

12.44

23.62

24.51

Hunting Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															7.54	22.55	24.53	23.90	25.15

Competitive Comparison of Hunting's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Hunting'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.

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

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

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

Hunting Gross Margin % Calculation

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

Hunting'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 )
	=	227.7	/	929.1
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(929.1 - 701.4)	/	929.1
	=	24.51 %

Hunting's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	113.5	/	451.3
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(451.3 - 337.8)	/	451.3
	=	25.15 %

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.

Hunting (OTCPK:HNTIF) 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

Hunting had a gross margin of 25.15% for the quarter that ended in Dec. 2023 => 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.

Hunting Gross Margin % Related Terms

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Hunting (Hunting) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hunting PLC (OTCPK:HNTIF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

HNTIY:USA HTGl:UK HTG:UK 0YT:Germany

Address

30 Panton Street, 5th Floor, London, GBR, SW1Y 4AJ

Website

https://www.huntingplc.com

Hunting PLC manufactures and distributes products that enable the extraction of oil and gas. The company has a client base that includes many of the world's international oil and gas companies. Primary product lines include well construction, well completion, and well intervention. Well completion activities provide Hunting with the most revenue of the three segments. Products provided by this segment include connection technologies that protect the wellbore from annular pressure buildup, drilling tools, and a host of other tools for oil and gas well completions.