Waskahigan Oil & Gas (XCNQ:WOGC) Gross Margin % : 30.00% (As of Sep. 2024)

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What is Waskahigan Oil & Gas Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Waskahigan Oil & Gas's Gross Profit for the three months ended in Sep. 2024 was C$0.00 Mil. Waskahigan Oil & Gas's Revenue for the three months ended in Sep. 2024 was C$0.01 Mil. Therefore, Waskahigan Oil & Gas's Gross Margin % for the quarter that ended in Sep. 2024 was 30.00%.

The historical rank and industry rank for Waskahigan Oil & Gas's Gross Margin % or its related term are showing as below:

XCNQ:WOGC' s Gross Margin % Range Over the Past 10 Years
Min: 13.06 Med: 13.85 Max: 39.3
Current: 39.3

During the past 4 years, the highest Gross Margin % of Waskahigan Oil & Gas was 39.30%. The lowest was 13.06%. And the median was 13.85%.

XCNQ:WOGC's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 28.73 vs XCNQ:WOGC: 39.30

Waskahigan Oil & Gas had a gross margin of 30.00% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Waskahigan Oil & Gas was 0.00% per year.

Waskahigan Oil & Gas Gross Margin % Historical Data

The historical data trend for Waskahigan Oil & Gas'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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Waskahigan Oil & Gas Gross Margin % Chart

Waskahigan Oil & Gas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

32.53

13.85

13.06

Waskahigan Oil & Gas Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial											14.56	56.56	10.94	67.39	30.00

Competitive Comparison of Waskahigan Oil & Gas's Gross Margin %

For the Oil & Gas E&P subindustry, Waskahigan Oil & Gas'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.

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

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

* The bar in red indicates where Waskahigan Oil & Gas's Gross Margin % falls into.

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Waskahigan Oil & Gas Gross Margin % Calculation

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

Waskahigan Oil & Gas'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 )
	=	0.1	/	1.034
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.034 - 0.899)	/	1.034
	=	13.06 %

Waskahigan Oil & Gas'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 )
	=	0	/	0.01
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.01 - 0.007)	/	0.01
	=	30.00 %

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.

Waskahigan Oil & Gas (XCNQ:WOGC) 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

Waskahigan Oil & Gas had a gross margin of 30.00% for the quarter that ended in Sep. 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.

Waskahigan Oil & Gas Gross Margin % Related Terms

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Waskahigan Oil & Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Waskahigan Oil & Gas Corp (XCNQ:WOGC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

221 10th Avenue SE, Suite 203, Calgary, AB, CAN, T2G 0V9

Website

https://www.waskahiganoil.com

Waskahigan Oil & Gas Corp engaged in petroleum and natural gas exploration and development activities in western Canada. The company generates revenue from the sale of oil, natural gas and NGLs.

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