Piraeus Port Authority (STU:PZE) Gross Margin % : 61.72% (As of Dec. 2023)

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What is Piraeus Port Authority Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Piraeus Port Authority's Gross Profit for the six months ended in Dec. 2023 was €72.5 Mil. Piraeus Port Authority's Revenue for the six months ended in Dec. 2023 was €117.4 Mil. Therefore, Piraeus Port Authority's Gross Margin % for the quarter that ended in Dec. 2023 was 61.72%.

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

STU:PZE' s Gross Margin % Range Over the Past 10 Years
Min: 22.01 Med: 44.97 Max: 59.88
Current: 59.88

During the past 13 years, the highest Gross Margin % of Piraeus Port Authority was 59.88%. The lowest was 22.01%. And the median was 44.97%.

STU:PZE's Gross Margin % is ranked better than
93.35% of 948 companies
in the Transportation industry
Industry Median: 20.01 vs STU:PZE: 59.88

Piraeus Port Authority had a gross margin of 61.72% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Piraeus Port Authority was 5.80% per year.

Piraeus Port Authority Gross Margin % Historical Data

The historical data trend for Piraeus Port Authority'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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Piraeus Port Authority Gross Margin % Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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49.56

45.30

49.82

57.07

59.88

Piraeus Port Authority Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															52.80	55.53	58.48	57.77	61.72

Competitive Comparison of Piraeus Port Authority's Gross Margin %

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's Gross Margin % falls into.

Piraeus Port Authority Gross Margin % Calculation

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

Piraeus Port Authority'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 )
	=	131.6	/	219.822
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(219.822 - 88.197)	/	219.822
	=	59.88 %

Piraeus Port Authority's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	72.5	/	117.403
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(117.403 - 44.943)	/	117.403
	=	61.72 %

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.

Piraeus Port Authority (STU:PZE) 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

Piraeus Port Authority had a gross margin of 61.72% for the quarter that ended in Dec. 2023 => 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.

Piraeus Port Authority Gross Margin % Related Terms

Thank you for viewing the detailed overview of Piraeus Port Authority's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Piraeus Port Authority (STU:PZE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (STU:PZE) » Definitions » Gross Margin %

Traded in Other Exchanges

PPA:Greece PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.