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Cenovus Energy Gross Profit

: $171 Mil (TTM As of Dec. 2020)
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Cenovus Energy's gross profit for the three months ended in Dec. 2020 was $230 Mil. Cenovus Energy's gross profit for the trailing twelve months (TTM) ended in Dec. 2020 was $171 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Cenovus Energy's gross profit for the three months ended in Dec. 2020 was $230 Mil. Cenovus Energy's Revenue for the three months ended in Dec. 2020 was $2,786 Mil. Therefore, Cenovus Energy's Gross Margin % for the quarter that ended in Dec. 2020 was 8.27%.

Cenovus Energy had a gross margin of 8.27% for the quarter that ended in Dec. 2020 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Cenovus Energy was 24.59%. The lowest was 1.47%. And the median was 20.12%.

Warning Sign:

Cenovus Energy Inc gross margin has been in long term decline. The average rate of decline per year is -22.5%.

Cenovus Energy Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Cenovus Energy Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,036.06 2,681.49 3,041.08 3,317.64 156.14

Cenovus Energy Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 612.04 -280.09 125.44 95.24 230.31
Competitive Comparison
* 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.

Cenovus Energy Gross Profit Distribution

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


Cenovus Energy Gross Profit Calculation

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

Cenovus Energy's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Gross Profit (A: Dec. 2020 )=Revenue - Cost of Goods Sold
=10610.508236396 - 10454.368022484
=156

Cenovus Energy's Gross Profit for the quarter that ended in Dec. 2020 is calculated as

Gross Profit (Q: Dec. 2020 )=Revenue - Cost of Goods Sold
=2786.3221172613 - 2556.015301741
=230

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2020 was -280.08595988539 (Mar. 2020 ) + 125.4427390791 (Jun. 2020 ) + 95.238095238095 (Sep. 2020 ) + 230.30681552034 (Dec. 2020 ) = $171 Mil.

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

Cenovus Energy's Gross Margin % for the quarter that ended in Dec. 2020 is calculated as

Gross Margin % (Q: Dec. 2020 )=Gross Profit (Q: Dec. 2020 ) / Revenue (Q: Dec. 2020 )
=(Revenue - Cost of Goods Sold) / Revenue
=230 / 2786.3221172613
=8.27 %

* All numbers are in millions except for per share data and ratio. All numbers 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.

Cenovus Energy  (NYSE:CVE) 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

Cenovus Energy had a gross margin of 8.27% for the quarter that ended in Dec. 2020 => No sustainable competitive advantage

Cenovus Energy Gross Profit Related Terms

Cenovus Energy Gross Profit Headlines

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