Lanka IOC (COL:LIOC.N0000) Gross Margin % : 7.66% (As of Mar. 2024)

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What is Lanka IOC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Lanka IOC's Gross Profit for the three months ended in Mar. 2024 was රු5,752 Mil. Lanka IOC's Revenue for the three months ended in Mar. 2024 was රු75,101 Mil. Therefore, Lanka IOC's Gross Margin % for the quarter that ended in Mar. 2024 was 7.66%.

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

COL:LIOC.N0000' s Gross Margin % Range Over the Past 10 Years
Min: 1.97 Med: 7.04 Max: 19.25
Current: 9.11

During the past 13 years, the highest Gross Margin % of Lanka IOC was 19.25%. The lowest was 1.97%. And the median was 7.04%.

COL:LIOC.N0000's Gross Margin % is ranked worse than
79.03% of 925 companies
in the Oil & Gas industry
Industry Median: 28 vs COL:LIOC.N0000: 9.11

Lanka IOC had a gross margin of 7.66% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Lanka IOC was 25.60% per year.

Lanka IOC Gross Margin % Historical Data

The historical data trend for Lanka IOC'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.

Lanka IOC Gross Margin % Chart

Lanka IOC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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5.01

4.67

9.83

19.25

9.11

Lanka IOC 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															15.11	9.98	12.63	6.95	7.66

Competitive Comparison of Lanka IOC's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, Lanka IOC'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.

Lanka IOC's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Lanka IOC's Gross Margin % falls into.

Lanka IOC Gross Margin % Calculation

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

Lanka IOC's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	24018.3	/	263568.721
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(263568.721 - 239550.439)	/	263568.721
	=	9.11 %

Lanka IOC'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 )
	=	5751.6	/	75101.378
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(75101.378 - 69349.783)	/	75101.378
	=	7.66 %

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.

Lanka IOC (COL:LIOC.N0000) 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

Lanka IOC had a gross margin of 7.66% for the quarter that ended in Mar. 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.

Lanka IOC Gross Margin % Related Terms

Thank you for viewing the detailed overview of Lanka IOC's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Lanka IOC (COL:LIOC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lanka IOC PLC (COL:LIOC.N0000) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

World Trade Center, Level 20, West Tower, Echelon Square, Colombo, LKA, 01

Website

https://www.lankaioc.com

Lanka IOC PLC is engaged in importing, blending, distributing, and selling of petroleum products. Its product offering is divided into five divisions namely Autofuel, Lubricants, Bitumen, Bunkering, and Petrochemicals. The Company is dealing only in the Petroleum products. Some of its products are Diesel, Petrol, IFO 180 cst, Marine Gas Oil, Bitumen 60/70, Bitumen 80/100 and others. The company gets revenue from Lanka Petrol 92 Octane, Lanka Auto Diesel, Xtramile, Lanka Super Diesel, Xtrapremium Euro 3, Xtrapremium 95, Lubricants, Bunkering, Bitumen and Petrochemical.

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