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CCEC (Capital Clean Energy Carriers) Gross Margin % : 58.33% (As of Sep. 2024)


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What is Capital Clean Energy Carriers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Capital Clean Energy Carriers's Gross Profit for the three months ended in Sep. 2024 was $61.9 Mil. Capital Clean Energy Carriers's Revenue for the three months ended in Sep. 2024 was $106.0 Mil. Therefore, Capital Clean Energy Carriers's Gross Margin % for the quarter that ended in Sep. 2024 was 58.33%.


The historical rank and industry rank for Capital Clean Energy Carriers's Gross Margin % or its related term are showing as below:

CCEC' s Gross Margin % Range Over the Past 10 Years
Min: 33.91   Med: 38.47   Max: 51.65
Current: 51.65


During the past 13 years, the highest Gross Margin % of Capital Clean Energy Carriers was 51.65%. The lowest was 33.91%. And the median was 38.47%.

CCEC's Gross Margin % is ranked better than
89.96% of 946 companies
in the Transportation industry
Industry Median: 19.835 vs CCEC: 51.65

Capital Clean Energy Carriers had a gross margin of 58.33% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Capital Clean Energy Carriers was 5.20% per year.


Capital Clean Energy Carriers Gross Margin % Historical Data

The historical data trend for Capital Clean Energy Carriers'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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Capital Clean Energy Carriers Gross Margin % Chart

Capital Clean Energy Carriers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.11 38.65 43.27 48.85 48.75

Capital Clean Energy Carriers 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 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 51.88 46.53 51.67 53.96 58.33

Competitive Comparison of Capital Clean Energy Carriers's Gross Margin %

For the Marine Shipping subindustry, Capital Clean Energy Carriers'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.


Capital Clean Energy Carriers's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Capital Clean Energy Carriers's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Capital Clean Energy Carriers's Gross Margin % falls into.



Capital Clean Energy Carriers Gross Margin % Calculation

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

Capital Clean Energy Carriers'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 )
=175.8 / 360.586
=(Revenue - Cost of Goods Sold) / Revenue
=(360.586 - 184.808) / 360.586
=48.75 %

Capital Clean Energy Carriers'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 )
=61.9 / 106.043
=(Revenue - Cost of Goods Sold) / Revenue
=(106.043 - 44.188) / 106.043
=58.33 %

* 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.


Capital Clean Energy Carriers  (NAS:CCEC) 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

Capital Clean Energy Carriers had a gross margin of 58.33% for the quarter that ended in Sep. 2024 => Durable 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.


Capital Clean Energy Carriers Gross Margin % Related Terms

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Capital Clean Energy Carriers Business Description

Traded in Other Exchanges
N/A
Address
3 Iassonos Street, Piraeus, GRC, 18537
Capital Clean Energy Carriers Corp is an international shipping company. It is the leading platform of gas carriage solutions with a focus on the energy transition. The company owns 20 high-specification vessels, including 12 latest-generation LNG carriers (LNG/Cs) and eight legacy Neo-Panamax container vessels.