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Gross Margin % is calculated as gross profit divided by its revenue. CBL International's Gross Profit for the six months ended in Jun. 2024 was $2.7 Mil. CBL International's Revenue for the six months ended in Jun. 2024 was $277.2 Mil. Therefore, CBL International's Gross Margin % for the quarter that ended in Jun. 2024 was 0.98%.
The historical rank and industry rank for CBL International's Gross Margin % or its related term are showing as below:
During the past 4 years, the highest Gross Margin % of CBL International was 2.65%. The lowest was 1.14%. And the median was 2.15%.
CBL International had a gross margin of 0.98% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for CBL International was 0.00% per year.
The historical data trend for CBL International's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CBL International Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Gross Margin % | 2.65 | 2.32 | 1.97 | 1.65 |
CBL International Semi-Annual Data | ||||||||
Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | |
Gross Margin % | Get a 7-Day Free Trial | 1.72 | 2.24 | 2.09 | 1.31 | 0.98 |
For the Oil & Gas Midstream subindustry, CBL International's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* 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. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, CBL International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CBL International's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
CBL International's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 7.2 | / | 435.898 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (435.898 - 428.687) | / | 435.898 | |
= | 1.65 % |
CBL International's Gross Margin for the quarter that ended in Jun. 2024 is calculated as
Gross Margin % (Q: Jun. 2024 ) | = | Gross Profit (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | 2.7 | / | 277.232 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (277.232 - 274.516) | / | 277.232 | |
= | 0.98 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount 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.
CBL International (NAS:BANL) Gross Margin % 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
CBL International had a gross margin of 0.98% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of CBL International's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Logeswaran Ramasamy | director | 95 JALAN TAMING INDAH 2, TAMAN TAMING INDAH, BANDAR SUNGAI LONG, 43000 KAJANG N8 68100 |
Kam Choy Ho | director, 10 percent owner | FLAT 2, 22/F, BLOCK 46, HENG FA CHUEN, CHAI WAN K3 0000 |
Ulf Lothar Naujeck | director | NYSWANDERWEG 13, HAMBURG 2M 22523 |
Chiu Sing Chung Raymond | officer: Chief Financial Officer | ROOM 2101, 21/F, PRINCESS MANSION, 165 KING'S ROAD, NORTH POINT K3 0000 |
Cbl (asia) Ltd | 10 percent owner | ROOM 1213, 12/F, TOWER A, HUNGHOM COMMERCIAL CENTRE, 39 MA TAU WAI ROAD, HUNGHOM K3 0000 |
Teck Lim Chia | director, 10 percent owner, officer: Chief Executive Officer | FLAT B, 16/F, TOWER 3, ULTIMA, 23 FAT KWONG STREET, HO MAN TIN, KOWLOON K3 0000 |
Straits Energy Resources Berhad | 10 percent owner | B-07-06, PLAZA MONT KIARA, 2, JALAN KIARA, MONT KIARA, 50480 KUALA LUMPUR N8 50480 |
Khai Fei Wong | director | 33, LRG 14/2, SEKSYEN 14, PETALING JAYA N8 46100 |
Koon Liang Ong | director | 1-3-6, SEGAR VIEW CONDOMINIUM, JLN 5/100A, TMN SEGAR, WILAYAH PERSEKUTUAN N8 56100 |
Cheah Karen Yee Lynn | director | 17D-1-2, CASAVISTA CONDOMINIUM, JALAN PENAGA, BANGSAR, KUALA LUMPUR N8 59000 |
Xiaoling Lu | 10 percent owner | FLAT B, 16/F, TOWER 3, ULTIMA, 23 FAT KWONG STREET, HO MAN TIN, KOWLOON K3 0000 |
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