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Meshek Energy Renewable Energies (XTAE:MSKE) Gross Margin % : 85.55% (As of Sep. 2024)


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What is Meshek Energy Renewable Energies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Meshek Energy Renewable Energies's Gross Profit for the three months ended in Sep. 2024 was ₪26.07 Mil. Meshek Energy Renewable Energies's Revenue for the three months ended in Sep. 2024 was ₪30.47 Mil. Therefore, Meshek Energy Renewable Energies's Gross Margin % for the quarter that ended in Sep. 2024 was 85.55%.


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

XTAE:MSKE' s Gross Margin % Range Over the Past 10 Years
Min: 50.08   Med: 80.83   Max: 82.45
Current: 82.45


During the past 7 years, the highest Gross Margin % of Meshek Energy Renewable Energies was 82.45%. The lowest was 50.08%. And the median was 80.83%.

XTAE:MSKE's Gross Margin % is ranked better than
88.78% of 392 companies
in the Utilities - Independent Power Producers industry
Industry Median: 34.885 vs XTAE:MSKE: 82.45

Meshek Energy Renewable Energies had a gross margin of 85.55% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Meshek Energy Renewable Energies was 0.00% per year.


Meshek Energy Renewable Energies Gross Margin % Historical Data

The historical data trend for Meshek Energy Renewable Energies'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.

Meshek Energy Renewable Energies Gross Margin % Chart

Meshek Energy Renewable Energies Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 76.77 50.08 82.23 80.83 81.43

Meshek Energy Renewable Energies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.67 76.44 79.08 85.08 85.55

Competitive Comparison of Meshek Energy Renewable Energies's Gross Margin %

For the Utilities - Renewable subindustry, Meshek Energy Renewable Energies'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.


Meshek Energy Renewable Energies's Gross Margin % Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Meshek Energy Renewable Energies's Gross Margin % falls into.



Meshek Energy Renewable Energies Gross Margin % Calculation

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

Meshek Energy Renewable Energies'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 )
=58.7 / 72.073
=(Revenue - Cost of Goods Sold) / Revenue
=(72.073 - 13.382) / 72.073
=81.43 %

Meshek Energy Renewable Energies'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 )
=26.1 / 30.474
=(Revenue - Cost of Goods Sold) / Revenue
=(30.474 - 4.403) / 30.474
=85.55 %

* 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.

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.


Meshek Energy Renewable Energies  (XTAE:MSKE) 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

Meshek Energy Renewable Energies had a gross margin of 85.55% 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.


Meshek Energy Renewable Energies Gross Margin % Related Terms

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Meshek Energy Renewable Energies Business Description

Traded in Other Exchanges
N/A
Address
Meitav 11, Tel Aviv, ISR, 67898
Meshek Energy Renewable Energies Ltd is engaged in the development, construction, and operation of solar power generation facilities in Israel.

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