The historical rank and industry rank for Danimer Scientific's Gross Margin % or its related term are showing as below:
DNMR'
s Gross Margin % Range Over the Past 10 Years
Min: -71.88 Med: 1.5 Max: 34.34
Current: -71.88
During the past 5 years, the highestGross Margin % of Danimer Scientific was 34.34%. The lowest was -71.88%. And the median was 1.50%.
DNMR's Gross Margin % is ranked worse than 99.74% of 1510
companies
in the Chemicals industry
Industry Median: 22.195
vs DNMR: -71.88
Danimer Scientific had a gross margin of -84.76% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Danimer Scientific was 0.00% per year.
Danimer Scientific Gross Margin % Historical Data
The historical data trend for Danimer Scientific'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.
Competitive Comparison of Danimer Scientific's Gross Margin %
For the Specialty Chemicals subindustry, Danimer Scientific'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.
Danimer Scientific's Gross Margin % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Danimer Scientific's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Danimer Scientific's Gross Margin % falls into.
* 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.
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
Danimer Scientific had a gross margin of -84.76% 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.
Danimer Scientific Gross Margin % Related Terms
Thank you for viewing the detailed overview of Danimer Scientific's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. Geographically, the company generates a majority of its revenue from the United States and the rest from Germany, Poland, Belgium, and other regions.
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