AS Latvijas Gaze (FRA:UMA) Gross Margin % : 29.43% (As of Mar. 2024)

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What is AS Latvijas Gaze Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. AS Latvijas Gaze's Gross Profit for the three months ended in Mar. 2024 was €10.6 Mil. AS Latvijas Gaze's Revenue for the three months ended in Mar. 2024 was €36.0 Mil. Therefore, AS Latvijas Gaze's Gross Margin % for the quarter that ended in Mar. 2024 was 29.43%.

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

FRA:UMA' s Gross Margin % Range Over the Past 10 Years
Min: -12.72 Med: 20.95 Max: 35.63
Current: -12.72

During the past 13 years, the highest Gross Margin % of AS Latvijas Gaze was 35.63%. The lowest was -12.72%. And the median was 20.95%.

FRA:UMA's Gross Margin % is ranked worse than
99.02% of 512 companies
in the Utilities - Regulated industry
Industry Median: 30.11 vs FRA:UMA: -12.72

AS Latvijas Gaze had a gross margin of 29.43% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for AS Latvijas Gaze was 0.00% per year.

AS Latvijas Gaze Gross Margin % Historical Data

The historical data trend for AS Latvijas Gaze'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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AS Latvijas Gaze Gross Margin % Chart

AS Latvijas Gaze Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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21.34

31.07

35.63

20.01

-9.42

AS Latvijas Gaze 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															11.14	-5.87	46.00	-75.75	29.43

Competitive Comparison of AS Latvijas Gaze's Gross Margin %

For the Utilities - Regulated Gas subindustry, AS Latvijas Gaze'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.

AS Latvijas Gaze's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AS Latvijas Gaze's Gross Margin % distribution charts can be found below:

* The bar in red indicates where AS Latvijas Gaze's Gross Margin % falls into.

AS Latvijas Gaze Gross Margin % Calculation

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

AS Latvijas Gaze'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 )
	=	-15.1	/	159.819
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(159.819 - 174.878)	/	159.819
	=	-9.42 %

AS Latvijas Gaze'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 )
	=	10.6	/	36.041
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(36.041 - 25.434)	/	36.041
	=	29.43 %

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.

AS Latvijas Gaze (FRA:UMA) 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

AS Latvijas Gaze had a gross margin of 29.43% for the quarter that ended in Mar. 2024 => Competition eroding margins

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.

AS Latvijas Gaze Gross Margin % Related Terms

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AS Latvijas Gaze Business Description

Industry

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GZE1R:Latvia

Address

6 Aristida Bri?na Street, Riga, LVA, LV-1001

Website

https://www.lg.lv

AS Latvijas Gaze is a Latvia-based company, which is engaged in the energy supply sector. The operation of the group is the transmission, storage, distribution and sales of natural gas in Latvia. The operating business segments are the Natural gas sales & trading segment and distribution segment. The Natural gas sales & trading segment comprises the purchase, trade, and sale of natural gas. The Distribution segment provides natural gas distribution services in Latvia. The maximum revenue of the company is derived from the Natural gas sales & trading segment.

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