Sea Oil PCL (BKK:SEAOIL) Gross Profit : ฿418 Mil (TTM As of Dec. 2023)

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What is Sea Oil PCL Gross Profit?

Sea Oil PCL's gross profit for the three months ended in Dec. 2023 was ฿90 Mil. Sea Oil PCL's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was ฿418 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Sea Oil PCL's gross profit for the three months ended in Dec. 2023 was ฿90 Mil. Sea Oil PCL's Revenue for the three months ended in Dec. 2023 was ฿2,342 Mil. Therefore, Sea Oil PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 3.86%.

Sea Oil PCL had a gross margin of 3.86% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Sea Oil PCL was 9.18%. The lowest was 1.79%. And the median was 4.34%.

Warning Sign:

Sea Oil PCL gross margin has been in long-term decline. The average rate of decline per year is -12%.

Sea Oil PCL Gross Profit Historical Data

The historical data trend for Sea Oil PCL'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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Sea Oil PCL Gross Profit Chart

Sea Oil PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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190.76

195.11

259.40

387.24

417.58

Sea Oil PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															120.37	122.83	127.69	76.62	90.44

Competitive Comparison of Sea Oil PCL's Gross Profit

For the Oil & Gas Refining & Marketing subindustry, Sea Oil PCL'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.

Sea Oil PCL's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Sea Oil PCL's Gross Profit falls into.

Sea Oil PCL Gross Profit Calculation

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

Sea Oil PCL's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	13827.799	-	13410.22
	=	418

Sea Oil PCL's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2342.034	-	2251.599
	=	90

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿418 Mil.

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

Sea Oil PCL'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
	=	90	/	2342.034
	=	3.86 %

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.

Sea Oil PCL (BKK:SEAOIL) 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

Sea Oil PCL had a gross margin of 3.86% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Sea Oil PCL Gross Profit Related Terms

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Sea Oil PCL (BKK:SEAOIL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Debaratana Road, Bang Na-Tai Sub-district, 88 Soi Bangna-Trat 30, Bang Na district, Bangkok, THA, 10260

Website

https://www.seaoilthailand.com

Sea Oil PCL engages in the retail sale of fuel oil and lubricant oil. The company also provides both onshore and offshore housekeeping and food services. The five operating segments of the company are Maritime sales of fuel oil and lubricant oil, Land sales and other channels' sales of fuel oil and lubricant oil, Catering service which provides service and supply management for clients in the oil industry's exploration and production, Production and retail sale of solvant and Lease of solvent and petrochemical factory. The company derives the majority of its revenue from the Maritime sales of fuel oil and lubricant oil segment.

Sea Oil PCL (BKK:SEAOIL) Headlines

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