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DCP Midstream LP Gross Profit

: $655 Mil (TTM As of Mar. 2019)
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DCP Midstream LP's gross profit for the three months ended in Mar. 2019 was $114 Mil. DCP Midstream LP's gross profit for the trailing twelve months (TTM) ended in Mar. 2019 was $655 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. DCP Midstream LP's gross profit for the three months ended in Mar. 2019 was $114 Mil. DCP Midstream LP's Revenue for the three months ended in Mar. 2019 was $2,199 Mil. Therefore, DCP Midstream LP's Gross Margin % for the quarter that ended in Mar. 2019 was 5.18%.

DCP Midstream LP had a gross margin of 5.18% for the quarter that ended in Mar. 2019 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of DCP Midstream LP was 14.31%. The lowest was 4.58%. And the median was 7.11%.

Warning Sign:

DCP Midstream LP gross margin has been in long term decline. The average rate of decline per year is -11.9%.


DCP Midstream LP 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.

DCP Midstream LP Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 521.00 340.00 384.00 537.00 655.00

DCP Midstream LP Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 114.00 107.00 138.00 296.00 114.00

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.


DCP Midstream LP Gross Profit Distribution

* The bar in red indicates where DCP Midstream LP's Gross Profit falls into.



DCP Midstream LP Gross Profit Calculation

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

DCP Midstream LP'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
=9822 - 9167
=655

DCP Midstream LP's Gross Profit for the quarter that ended in Mar. 2019 is calculated as

Gross Profit (Q: Mar. 2019 )=Revenue - Cost of Goods Sold
=2199 - 2085
=114

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2019 was 107 (Jun. 2018 ) + 138 (Sep. 2018 ) + 296 (Dec. 2018 ) + 114 (Mar. 2019 ) = $655 Mil.

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

DCP Midstream LP's Gross Margin % for the quarter that ended in Mar. 2019 is calculated as

Gross Margin % (Q: Mar. 2019 )=Gross Profit (Q: Mar. 2019 ) / Revenue (Q: Mar. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=114 / 2199
=5.18 %

* 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.


DCP Midstream LP  (NYSE:DCP) 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

DCP Midstream LP had a gross margin of 5.18% for the quarter that ended in Mar. 2019 => No sustainable competitive advantage


DCP Midstream LP Gross Profit Explanation


DCP Midstream LP Gross Profit Headlines

From the Internet

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Is DCP Midstream a Buy? --

- Fool 2019-07-14 14:02:00

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