Touchstone Exploration (Touchstone Exploration) Gross Margin %

: 69.62% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Touchstone Exploration's Gross Profit for the three months ended in Dec. 2023 was $14.46 Mil. Touchstone Exploration's Revenue for the three months ended in Dec. 2023 was $20.77 Mil. Therefore, Touchstone Exploration's Gross Margin % for the quarter that ended in Dec. 2023 was 69.62%.

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

PBEGF' s Gross Margin % Range Over the Past 10 Years
Min: 46.37 Med: 57.69 Max: 62.25
Current: 62.23

During the past 13 years, the highest Gross Margin % of Touchstone Exploration was 62.25%. The lowest was 46.37%. And the median was 57.69%.

PBEGF's Gross Margin % is ranked better than
84.2% of 924 companies
in the Oil & Gas industry
Industry Median: 27.905 vs PBEGF: 62.23

Touchstone Exploration had a gross margin of 69.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Touchstone Exploration was -0.20% per year.

Touchstone Exploration Gross Margin % Historical Data

The historical data trend for Touchstone Exploration'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.

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

58.20

54.39

57.22

55.86

62.25

Touchstone Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																56.21	54.28	55.67	58.99	69.62

Competitive Comparison

For the Oil & Gas E&P subindustry, Touchstone Exploration'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.

Touchstone Exploration Gross Margin % Distribution

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

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

Touchstone Exploration Gross Margin % Calculation

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

Touchstone Exploration'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 )
	=	30	/	48.162
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(48.162 - 18.182)	/	48.162
	=	62.25 %

Touchstone Exploration'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 )
	=	14.5	/	20.768
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(20.768 - 6.309)	/	20.768
	=	69.62 %

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.

Touchstone Exploration (OTCPK:PBEGF) 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

Touchstone Exploration had a gross margin of 69.62% 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.

Touchstone Exploration Gross Margin % Related Terms

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Touchstone Exploration (Touchstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (OTCPK:PBEGF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

TXP:UK PNW1:Germany TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.