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Euronav NV Gross Profit

: $768 Mil (TTM As of Sep. 2020)
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Euronav NV's gross profit for the three months ended in Sep. 2020 was $71 Mil. Euronav NV's gross profit for the trailing twelve months (TTM) ended in Sep. 2020 was $768 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Euronav NV's gross profit for the three months ended in Sep. 2020 was $71 Mil. Euronav NV's Revenue for the three months ended in Sep. 2020 was $241 Mil. Therefore, Euronav NV's Gross Margin % for the quarter that ended in Sep. 2020 was 29.51%.

Euronav NV had a gross margin of 29.51% for the quarter that ended in Sep. 2020 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Euronav NV was 54.38%. The lowest was -12.76%. And the median was 7.57%.

Euronav NV 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.

Euronav NV Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 385.50 219.03 39.86 -28.99 237.60

Euronav NV Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 4.44 181.64 247.02 268.60 71.11
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.

Euronav NV Gross Profit Distribution

* The bar in red indicates where Euronav NV's Gross Profit falls into.


Euronav NV Gross Profit Calculation

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

Euronav NV's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as

Gross Profit (A: Dec. 2019 )=Revenue - Cost of Goods Sold
=932.377 - 694.782
=238

Euronav NV's Gross Profit for the quarter that ended in Sep. 2020 is calculated as

Gross Profit (Q: Sep. 2020 )=Revenue - Cost of Goods Sold
=240.951 - 169.843
=71

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2020 was 181.641 (Dec. 2019 ) + 247.024 (Mar. 2020 ) + 268.603 (Jun. 2020 ) + 71.108 (Sep. 2020 ) = $768 Mil.

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

Euronav NV'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=71 / 240.951
=29.51 %

* 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.

Euronav NV  (NYSE:EURN) 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

Euronav NV had a gross margin of 29.51% for the quarter that ended in Sep. 2020 => Competition eroding margins

Euronav NV Gross Profit Related Terms

Euronav NV Gross Profit Headlines

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