UNEGF (United Energy Group) Gross Margin % : 22.38% (As of Jun. 2024)

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What is United Energy Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. United Energy Group's Gross Profit for the six months ended in Jun. 2024 was $242 Mil. United Energy Group's Revenue for the six months ended in Jun. 2024 was $1,081 Mil. Therefore, United Energy Group's Gross Margin % for the quarter that ended in Jun. 2024 was 22.38%.

Warning Sign:

United Energy Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -6.2%.

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

UNEGF' s Gross Margin % Range Over the Past 10 Years
Min: 18.84 Med: 51.93 Max: 60
Current: 18.84

During the past 13 years, the highest Gross Margin % of United Energy Group was 60.00%. The lowest was 18.84%. And the median was 51.93%.

UNEGF's Gross Margin % is ranked worse than
56.26% of 894 companies
in the Oil & Gas industry
Industry Median: 28.53 vs UNEGF: 18.84

United Energy Group had a gross margin of 22.38% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for United Energy Group was -6.20% per year.

United Energy Group Gross Margin % Historical Data

The historical data trend for United Energy Group'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.

* Premium members only.

United Energy Group Gross Margin % Chart

United Energy Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Gross Margin %

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32.76

45.15

51.27

32.66

18.84

United Energy Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Gross Margin %	Get a 7-Day Free Trial															48.61	40.94	25.66	22.38	15.56

Competitive Comparison of United Energy Group's Gross Margin %

For the Oil & Gas E&P subindustry, United Energy Group'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.

United Energy Group's Gross Margin % Distribution in the Oil & Gas Industry

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

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

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United Energy Group Gross Margin % Calculation

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

United Energy Group'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 )
	=	568.4	/	1740.259
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1740.259 - 1171.84)	/	1740.259
	=	32.66 %

United Energy Group's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	241.8	/	1080.641
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1080.641 - 838.826)	/	1080.641
	=	22.38 %

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.

United Energy Group (OTCPK:UNEGF) 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

United Energy Group had a gross margin of 22.38% for the quarter that ended in Jun. 2024 => Competition eroding margins

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.

United Energy Group Gross Margin % Related Terms

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United Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Group Ltd (OTCPK:UNEGF) » Definitions » Gross Margin %

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Traded in Other Exchanges

00467:Hong Kong 1UEN:Germany

Address

Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG

Website

http://www.uegl.com.hk

United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. The company has two reportable segments; Exploration and production, and Trading. The Exploration and production segment which generates key revenue includes activities relating to the exploration and production of crude oil and natural gas in Pakistan, Middle East, and North Africa. The Trading segment represents its activities relating to the trading of petrochemicals. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, United Arab Emirates, Oman, Malaysia, South Korea, and Iraq which is also its key revenue generating market.

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