SP New Energy (PHS:SPNEC) Gross Margin % : 65.13% (As of Mar. 2024)

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What is SP New Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SP New Energy's Gross Profit for the three months ended in Mar. 2024 was ₱224.3 Mil. SP New Energy's Revenue for the three months ended in Mar. 2024 was ₱344.4 Mil. Therefore, SP New Energy's Gross Margin % for the quarter that ended in Mar. 2024 was 65.13%.

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

PHS:SPNEC' s Gross Margin % Range Over the Past 10 Years
Min: 48.52 Med: 48.52 Max: 55.25
Current: 55.25

During the past 6 years, the highest Gross Margin % of SP New Energy was 55.25%. The lowest was 48.52%. And the median was 48.52%.

PHS:SPNEC's Gross Margin % is ranked better than
71.03% of 397 companies
in the Utilities - Independent Power Producers industry
Industry Median: 35.58 vs PHS:SPNEC: 55.25

SP New Energy had a gross margin of 65.13% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SP New Energy was 0.00% per year.

SP New Energy Gross Margin % Historical Data

The historical data trend for SP New 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.

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SP New Energy Gross Margin % Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Gross Margin %

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48.52

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial									-	-	54.32	44.81	65.13

Competitive Comparison of SP New Energy's Gross Margin %

For the Utilities - Renewable subindustry, SP New 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.

SP New Energy's Gross Margin % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SP New Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SP New Energy's Gross Margin % falls into.

SP New Energy Gross Margin % Calculation

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

SP New Energy'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 )
	=	308.3	/	635.451
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(635.451 - 327.103)	/	635.451
	=	48.52 %

SP New Energy'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 )
	=	224.3	/	344.389
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(344.389 - 120.083)	/	344.389
	=	65.13 %

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.

SP New Energy (PHS:SPNEC) 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

SP New Energy had a gross margin of 65.13% for the quarter that ended in Mar. 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.

SP New Energy Gross Margin % Related Terms

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SP New Energy (PHS:SPNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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