NAT (Nordic American Tankers) Gross Margin % : 42.38% (As of Sep. 2024)

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What is Nordic American Tankers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Nordic American Tankers's Gross Profit for the three months ended in Sep. 2024 was $22.1 Mil. Nordic American Tankers's Revenue for the three months ended in Sep. 2024 was $52.0 Mil. Therefore, Nordic American Tankers's Gross Margin % for the quarter that ended in Sep. 2024 was 42.38%.

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

NAT' s Gross Margin % Range Over the Past 10 Years
Min: -38.32 Med: 15.27 Max: 38.5
Current: 27.38

During the past 13 years, the highest Gross Margin % of Nordic American Tankers was 38.50%. The lowest was -38.32%. And the median was 15.27%.

NAT's Gross Margin % is ranked worse than
50.33% of 904 companies
in the Oil & Gas industry
Industry Median: 27.535 vs NAT: 27.38

Nordic American Tankers had a gross margin of 42.38% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Nordic American Tankers was 0.00% per year.

Nordic American Tankers Gross Margin % Historical Data

The historical data trend for Nordic American Tankers'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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Nordic American Tankers Gross Margin % Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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14.33

27.86

-38.32

16.20

38.50

Nordic American Tankers Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															43.22	16.13	51.04	26.68	42.38

Competitive Comparison of Nordic American Tankers's Gross Margin %

For the Oil & Gas Midstream subindustry, Nordic American Tankers'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.

Nordic American Tankers's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Nordic American Tankers's Gross Margin % falls into.

Nordic American Tankers Gross Margin % Calculation

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

Nordic American Tankers'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 )
	=	150.8	/	391.687
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(391.687 - 240.907)	/	391.687
	=	38.50 %

Nordic American Tankers's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	22.1	/	52.036
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(52.036 - 29.982)	/	52.036
	=	42.38 %

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.

Nordic American Tankers (NYSE:NAT) 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

Nordic American Tankers had a gross margin of 42.38% for the quarter that ended in Sep. 2024 => Durable 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.

Nordic American Tankers Gross Margin % Related Terms

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Nordic American Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » Gross Margin %

Comparable Companies

PBT TEN NGL TK EE SMC SBR DLNG MMLP BROG TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

0UC0:UK B30:Germany B3O:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.