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Centennial Resource Development Gross Profit

: $355.7 Mil (TTM As of Sep. 2019)
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Centennial Resource Development's gross profit for the three months ended in Sep. 2019 was $74.1 Mil. Centennial Resource Development's gross profit for the trailing twelve months (TTM) ended in Sep. 2019 was $355.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Centennial Resource Development's gross profit for the three months ended in Sep. 2019 was $74.1 Mil. Centennial Resource Development's Revenue for the three months ended in Sep. 2019 was $229.1 Mil. Therefore, Centennial Resource Development's Gross Margin % for the quarter that ended in Sep. 2019 was 32.33%.

Centennial Resource Development had a gross margin of 32.33% for the quarter that ended in Sep. 2019 => Competition eroding margins

During the past 5 years, the highest Gross Margin % of Centennial Resource Development was 54.01%. The lowest was -22.99%. And the median was 34.16%.


Centennial Resource Development Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Centennial Resource Development Annual Data
Dec14 Dec15 Dec16 Dec17 Dec18
Gross Profit 45.03 -20.80 6.42 226.94 481.27

Centennial Resource Development Quarterly Data
Dec14 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 127.75 96.27 88.15 97.24 74.08

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.


Centennial Resource Development Gross Profit Distribution

* The bar in red indicates where Centennial Resource Development's Gross Profit falls into.



Centennial Resource Development Gross Profit Calculation

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

Centennial Resource Development's Gross Profit for the fiscal year that ended in Dec. 2018 is calculated as

Gross Profit (A: Dec. 2018 )=Revenue - Cost of Goods Sold
=891.045 - 409.775
=481.3

Centennial Resource Development's Gross Profit for the quarter that ended in Sep. 2019 is calculated as

Gross Profit (Q: Sep. 2019 )=Revenue - Cost of Goods Sold
=229.13 - 155.05
=74.1

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2019 was 96.272 (Dec. 2018 ) + 88.149 (Mar. 2019 ) + 97.24 (Jun. 2019 ) + 74.08 (Sep. 2019 ) = $355.7 Mil.

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

Centennial Resource Development's Gross Margin % for the quarter that ended in Sep. 2019 is calculated as

Gross Margin % (Q: Sep. 2019 )=Gross Profit (Q: Sep. 2019 ) / Revenue (Q: Sep. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=74.1 / 229.13
=32.33 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Centennial Resource Development  (NAS:CDEV) 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

Centennial Resource Development had a gross margin of 32.33% for the quarter that ended in Sep. 2019 => Competition eroding margins


Centennial Resource Development Gross Profit Related Terms


Centennial Resource Development Gross Profit Headlines

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