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Gross Margin % is calculated as gross profit divided by its revenue. Montage Resources's Gross Profit for the three months ended in Sep. 2020 was $-12.2 Mil. Montage Resources's Revenue for the three months ended in Sep. 2020 was $115.4 Mil. Therefore, Montage Resources's Gross Margin % for the quarter that ended in Sep. 2020 was -10.59%.
The historical rank and industry rank for Montage Resources's Gross Margin % or its related term are showing as below:
During the past 8 years, the highest Gross Margin % of Montage Resources was 36.13%. The lowest was -46.64%. And the median was 18.91%.
Montage Resources had a gross margin of -10.59% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Montage Resources was 0.00% per year.
The historical data trend for Montage Resources'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.
Montage Resources Annual Data | |||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||
Gross Margin % | Get a 7-Day Free Trial | -46.64 | 1.55 | 27.96 | 36.13 | 27.02 |
Montage Resources Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Gross Margin % | Get a 7-Day Free Trial | 22.41 | 26.01 | 6.74 | -25.05 | -10.59 |
For the Oil & Gas E&P subindustry, Montage Resources'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.
For the Oil & Gas industry and Energy sector, Montage Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Montage Resources's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Montage Resources's Gross Margin for the fiscal year that ended in Dec. 2019 is calculated as
Gross Margin % (A: Dec. 2019 ) | = | Gross Profit (A: Dec. 2019 ) | / | Revenue (A: Dec. 2019 ) |
= | 171.4 | / | 634.441 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (634.441 - 463.029) | / | 634.441 | |
= | 27.02 % |
Montage Resources's Gross Margin for the quarter that ended in Sep. 2020 is calculated as
Gross Margin % (Q: Sep. 2020 ) | = | Gross Profit (Q: Sep. 2020 ) | / | Revenue (Q: Sep. 2020 ) |
= | -12.2 | / | 115.405 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (115.405 - 127.63) | / | 115.405 | |
= | -10.59 % |
* 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.
Montage Resources (NYSE:MR) 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
Montage Resources had a gross margin of -10.59% for the quarter that ended in Sep. 2020 => No sustainable 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.
Thank you for viewing the detailed overview of Montage Resources's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Burroughs Mark E Jr | director | 1100 LOUISIANA STREET SUITE 4900 HOUSTON TX 77002 |
D Martin Phillips | director | 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002 |
Richard D Paterson | director | 5 GREEWAY PLAZA SUITE 100, HOUSTON TX 77046 |
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John K. Reinhart | director, officer: President and CEO | 713 MARKET DR, OKLAHOMA CITY OK 73114 |
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Michael Jennings | director | 10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024 |
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Todd Bart | officer: VP & Chief Accounting Officer | 2121 OLD GATESBURG ROAD, SUITE 110, STATE COLLEGE PA 16801 |
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