Strike Energy (ASX:STX) Gross Profit : A$5.88 Mil (TTM As of Dec. 2023)

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What is Strike Energy Gross Profit?

Strike Energy's gross profit for the six months ended in Dec. 2023 was A$5.88 Mil. Strike Energy's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$5.88 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Strike Energy's gross profit for the six months ended in Dec. 2023 was A$5.88 Mil. Strike Energy's Revenue for the six months ended in Dec. 2023 was A$8.13 Mil. Therefore, Strike Energy's Gross Margin % for the quarter that ended in Dec. 2023 was 72.38%.

Strike Energy had a gross margin of 72.38% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Strike Energy was 72.38%. The lowest was 36.80%. And the median was 38.40%.

Strike Energy Gross Profit Historical Data

The historical data trend for Strike Energy's Gross Profit 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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Strike Energy Gross Profit Chart

Strike Energy Annual Data

Trend

Jun14

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Jun23

Gross Profit

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Strike Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial															-	-	-	-	5.88

Competitive Comparison of Strike Energy's Gross Profit

For the Oil & Gas E&P subindustry, Strike Energy's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Strike Energy's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Strike Energy's Gross Profit falls into.

Strike Energy Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Strike Energy's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0	-	0
	=	0.00

Strike Energy's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	8.125	-	2.244
	=	5.88

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$5.88 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Strike Energy'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	5.88	/	8.125
	=	72.38 %

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.

Strike Energy (ASX:STX) Gross Profit 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

Strike Energy had a gross margin of 72.38% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Strike Energy Gross Profit Related Terms

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Strike Energy (ASX:STX) Business Description

Industry

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STKKF:USA RJN:Germany

Address

40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.strikeenergy.com.au

Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.