Prima Marine PCL (BKK:PRM) Gross Margin % : 36.12% (As of Mar. 2024)

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What is Prima Marine PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Prima Marine PCL's Gross Profit for the three months ended in Mar. 2024 was ฿770 Mil. Prima Marine PCL's Revenue for the three months ended in Mar. 2024 was ฿2,132 Mil. Therefore, Prima Marine PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 36.12%.

The historical rank and industry rank for Prima Marine PCL's Gross Margin % or its related term are showing as below:

BKK:PRM' s Gross Margin % Range Over the Past 10 Years
Min: 24.75 Med: 32.46 Max: 41.49
Current: 34.51

During the past 10 years, the highest Gross Margin % of Prima Marine PCL was 41.49%. The lowest was 24.75%. And the median was 32.46%.

BKK:PRM's Gross Margin % is ranked better than
59.68% of 925 companies
in the Oil & Gas industry
Industry Median: 28 vs BKK:PRM: 34.51

Prima Marine PCL had a gross margin of 36.12% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Prima Marine PCL was 4.60% per year.

Prima Marine PCL Gross Margin % Historical Data

The historical data trend for Prima Marine PCL'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.

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Prima Marine PCL Gross Margin % Chart

Prima Marine PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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31.71

41.49

30.84

33.20

35.07

Prima Marine PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															38.31	38.56	29.92	32.79	36.12

Competitive Comparison of Prima Marine PCL's Gross Margin %

For the Oil & Gas Midstream subindustry, Prima Marine PCL'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.

Prima Marine PCL's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Prima Marine PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Prima Marine PCL's Gross Margin % falls into.

Prima Marine PCL Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Prima Marine PCL'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 )
	=	2835.9	/	8086.923
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8086.923 - 5250.975)	/	8086.923
	=	35.07 %

Prima Marine PCL's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	769.9	/	2131.725
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2131.725 - 1361.791)	/	2131.725
	=	36.12 %

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.

Prima Marine PCL (BKK:PRM) 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

Prima Marine PCL had a gross margin of 36.12% for the quarter that ended in Mar. 2024 => Competition eroding margins

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.

Prima Marine PCL Gross Margin % Related Terms

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Prima Marine PCL (BKK:PRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prima Marine PCL (BKK:PRM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Soi Bangna-Trad 30, Debaratna Road, South Bangna Sub-district, Bangna District, Bangkok, THA, 10260

Website

https://www.primamarine.co.th

Prima Marine PCL is involved in the marine transportation of petroleum products and accommodation work barges. The business activities of the group have functioned through four business segments namely Sea transportation of petroleum and chemical products; Storage of petroleum products; Supporting exploration and production of offshore petroleum products by sending staff and exploration equipment from one place to another place and accommodation service; and Ship management, recruitment, and transportation services for crews. Geographically, the activities of the group are carried out through Thailand and Singapore.