PSYTF (Pason Systems) Gross Margin % : 50.84% (As of Sep. 2024)

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What is Pason Systems Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pason Systems's Gross Profit for the three months ended in Sep. 2024 was $39.7 Mil. Pason Systems's Revenue for the three months ended in Sep. 2024 was $78.2 Mil. Therefore, Pason Systems's Gross Margin % for the quarter that ended in Sep. 2024 was 50.84%.

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

PSYTF' s Gross Margin % Range Over the Past 10 Years
Min: 9.49 Med: 45.38 Max: 57.23
Current: 48.01

During the past 13 years, the highest Gross Margin % of Pason Systems was 57.23%. The lowest was 9.49%. And the median was 45.38%.

PSYTF's Gross Margin % is ranked better than
73.89% of 904 companies
in the Oil & Gas industry
Industry Median: 27.535 vs PSYTF: 48.01

Pason Systems had a gross margin of 50.84% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Pason Systems was 4.70% per year.

Pason Systems Gross Margin % Historical Data

The historical data trend for Pason Systems'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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Pason Systems Gross Margin % Chart

Pason Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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45.60

28.35

45.15

57.23

55.15

Pason Systems 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															56.70	44.77	51.11	44.64	50.84

Competitive Comparison of Pason Systems's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Pason Systems'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.

Pason Systems's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Pason Systems's Gross Margin % falls into.

Pason Systems Gross Margin % Calculation

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

Pason Systems'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 )
	=	151.8	/	275.275
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(275.275 - 123.464)	/	275.275
	=	55.15 %

Pason Systems'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 )
	=	39.7	/	78.17
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(78.17 - 38.429)	/	78.17
	=	50.84 %

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.

Pason Systems (OTCPK:PSYTF) 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

Pason Systems had a gross margin of 50.84% 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.

Pason Systems Gross Margin % Related Terms

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Pason Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pason Systems Inc (OTCPK:PSYTF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

3PS:Germany PSI:Canada

Address

6130 Third Street South East, Calgary, AB, CAN, T2H 1K4

Website

https://www.pason.com

Pason Systems Inc is a provider of instrumentation and data management systems for drilling rigs. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. The company reports on three strategic business units: The North American (Canada and the United States) and International (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers.