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Phillips 66 Gross Profit

: $11,764 Mil (TTM As of Dec. 2019)
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Phillips 66's gross profit for the three months ended in Dec. 2019 was $3,011 Mil. Phillips 66's gross profit for the trailing twelve months (TTM) ended in Dec. 2019 was $11,764 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Phillips 66's gross profit for the three months ended in Dec. 2019 was $3,011 Mil. Phillips 66's Revenue for the three months ended in Dec. 2019 was $29,125 Mil. Therefore, Phillips 66's Gross Margin % for the quarter that ended in Dec. 2019 was 10.34%.

Phillips 66 had a gross margin of 10.34% for the quarter that ended in Dec. 2019 => No sustainable competitive advantage

During the past 11 years, the highest Gross Margin % of Phillips 66 was 25.88%. The lowest was 10.96%. And the median was 14.27%.

Warning Sign:

Phillips 66 gross margin has been in long term decline. The average rate of decline per year is -11.4%.


Phillips 66 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.

Phillips 66 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 25,576.00 21,811.00 22,945.00 13,531.00 11,764.00

Phillips 66 Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 4,438.00 2,048.00 3,293.00 3,412.00 3,011.00

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.


Phillips 66 Gross Profit Distribution

* The bar in red indicates where Phillips 66's Gross Profit falls into.



Phillips 66 Gross Profit Calculation

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

Phillips 66'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
=107293 - 95529
=11,764

Phillips 66's Gross Profit for the quarter that ended in Dec. 2019 is calculated as

Gross Profit (Q: Dec. 2019 )=Revenue - Cost of Goods Sold
=29125 - 26114
=3,011

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2019 was 2048 (Mar. 2019 ) + 3293 (Jun. 2019 ) + 3412 (Sep. 2019 ) + 3011 (Dec. 2019 ) = $11,764 Mil.

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

Phillips 66's Gross Margin % for the quarter that ended in Dec. 2019 is calculated as

Gross Margin % (Q: Dec. 2019 )=Gross Profit (Q: Dec. 2019 ) / Revenue (Q: Dec. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=3,011 / 29125
=10.34 %

* 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.


Phillips 66  (NYSE:PSX) 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

Phillips 66 had a gross margin of 10.34% for the quarter that ended in Dec. 2019 => No sustainable competitive advantage


Phillips 66 Gross Profit Related Terms


Phillips 66 Gross Profit Headlines

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