BRYFF (Bri-Chem) Gross Margin % : 17.38% (As of Sep. 2024)

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What is Bri-Chem Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bri-Chem's Gross Profit for the three months ended in Sep. 2024 was $2.82 Mil. Bri-Chem's Revenue for the three months ended in Sep. 2024 was $16.22 Mil. Therefore, Bri-Chem's Gross Margin % for the quarter that ended in Sep. 2024 was 17.38%.

The historical rank and industry rank for Bri-Chem's Gross Margin % or its related term are showing as below:

BRYFF' s Gross Margin % Range Over the Past 10 Years
Min: 13.54 Med: 17.7 Max: 20.27
Current: 17.89

During the past 13 years, the highest Gross Margin % of Bri-Chem was 20.27%. The lowest was 13.54%. And the median was 17.70%.

BRYFF's Gross Margin % is ranked worse than
63.5% of 904 companies
in the Oil & Gas industry
Industry Median: 27.535 vs BRYFF: 17.89

Bri-Chem had a gross margin of 17.38% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bri-Chem was 5.60% per year.

Bri-Chem Gross Margin % Historical Data

The historical data trend for Bri-Chem'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.

* Premium members only.

Bri-Chem Gross Margin % Chart

Bri-Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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17.89

16.24

20.27

20.18

17.66

Bri-Chem Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															18.24	15.94	17.90	21.21	17.38

Competitive Comparison of Bri-Chem's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Bri-Chem'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.

Bri-Chem's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bri-Chem's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bri-Chem's Gross Margin % falls into.

Bri-Chem Gross Margin % Calculation

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

Bri-Chem'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 )
	=	14	/	79.036
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(79.036 - 65.075)	/	79.036
	=	17.66 %

Bri-Chem's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2.8	/	16.223
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(16.223 - 13.404)	/	16.223
	=	17.38 %

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.

Bri-Chem (OTCPK:BRYFF) 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

Bri-Chem had a gross margin of 17.38% for the quarter that ended in Sep. 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.

Bri-Chem Gross Margin % Related Terms

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Bri-Chem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bri-Chem Corp (OTCPK:BRYFF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BRY:Canada

Address

27075 Acheson Road, Acheson, AB, CAN, T7X 6B1

Website

https://www.brichem.com

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. The Other segment represents insignificant segments and all remaining costs not directly attributable to an operating segment, such as corporate overhead. A majority of its revenue is derived from the distribution of fluids in the United States of America.