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Mirage Energy (OTCPK:MRGE) 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
Mirage Energy had a gross margin of N/A% for the quarter that ended in Jul. 2021 => 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.
Mirage Energy Gross Margin % Related Terms
Mirage Energy Gross Margin % Historical Data
* Premium members only.
The historical data trend for Mirage Energy'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.
For the Oil & Gas Midstream subindustry, Mirage Energy'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.
Mirage Energy Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mirage Energy's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mirage Energy'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.
Mirage Energy (MRGE) has a Gross Margin % of 0.00% as of Jul. 2021. Gross margin is the ratio of total gross profit to net sales. View historical data on Mirage Energy and its competitors.
Is Mirage Energy's Gross Margin % too high?
Mirage Energy's current Gross Margin % is 0.00%.
How does Mirage Energy's Gross Margin % compare to EPD and WMB?
Mirage Energy's Gross Margin % of 0.00% can be compared against companies in the Oil & Gas industry. The industry median Gross Margin % is 26.75. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 26.75, based on 879 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Mirage Energy and its competitors. For the Oil & Gas industry, the median Gross Margin % is 26.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirage Energy's current Gross Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirage Energy stock overvalued right now?
Mirage Energy (MRGE) has a current Gross Margin % of 0.00%. The current Gross Margin % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Mirage Energy (MRGE), the current Gross Margin % is 0.00% as of Jul. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mirage Energy Corp develops an integrated natural gas transportation and storage facility in Mexico and the United States. The natural gas will be exported from the United States by pipeline to the Mexican storage unit for later distribution throughout Mexico.
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