Ceres Global Ag (Ceres Global Ag) Gross Margin % : 2.78% (As of Dec. 2023)

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What is Ceres Global Ag Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ceres Global Ag's Gross Profit for the three months ended in Dec. 2023 was $7.9 Mil. Ceres Global Ag's Revenue for the three months ended in Dec. 2023 was $282.2 Mil. Therefore, Ceres Global Ag's Gross Margin % for the quarter that ended in Dec. 2023 was 2.78%.

The historical rank and industry rank for Ceres Global Ag's Gross Margin % or its related term are showing as below:

CERGF' s Gross Margin % Range Over the Past 10 Years
Min: -0.88 Med: 3.06 Max: 6.07
Current: 3.28

During the past 13 years, the highest Gross Margin % of Ceres Global Ag was 6.07%. The lowest was -0.88%. And the median was 3.06%.

CERGF's Gross Margin % is ranked worse than
97.42% of 310 companies
in the Retail - Defensive industry
Industry Median: 22.835 vs CERGF: 3.28

Ceres Global Ag had a gross margin of 2.78% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ceres Global Ag was -0.50% per year.

Ceres Global Ag Gross Margin % Historical Data

The historical data trend for Ceres Global Ag'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.

Ceres Global Ag Gross Margin % Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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3.27

4.70

3.33

5.27

2.20

Ceres Global Ag Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															2.38	1.91	2.40	6.56	2.78

Competitive Comparison of Ceres Global Ag's Gross Margin %

For the Food Distribution subindustry, Ceres Global Ag'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.

Ceres Global Ag's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ceres Global Ag's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Ceres Global Ag's Gross Margin % falls into.

Ceres Global Ag Gross Margin % Calculation

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

Ceres Global Ag's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	22.8	/	1036.703
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1036.703 - 1013.938)	/	1036.703
	=	2.20 %

Ceres Global Ag's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7.9	/	282.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(282.2 - 274.341)	/	282.2
	=	2.78 %

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.

Ceres Global Ag (OTCPK:CERGF) 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

Ceres Global Ag had a gross margin of 2.78% for the quarter that ended in Dec. 2023 => 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.

Ceres Global Ag Gross Margin % Related Terms

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Ceres Global Ag (Ceres Global Ag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (OTCPK:CERGF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

CRP:Canada

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.