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CRNCY (Capricorn Energy) Gross Profit : $77.8 Mil (TTM As of Jun. 2024)


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What is Capricorn Energy Gross Profit?

Capricorn Energy's gross profit for the six months ended in Jun. 2024 was $44.0 Mil. Capricorn Energy's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $77.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Capricorn Energy's gross profit for the six months ended in Jun. 2024 was $44.0 Mil. Capricorn Energy's Revenue for the six months ended in Jun. 2024 was $103.8 Mil. Therefore, Capricorn Energy's Gross Margin % for the quarter that ended in Jun. 2024 was 42.39%.

Capricorn Energy had a gross margin of 42.39% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Capricorn Energy was 45.58%. The lowest was 19.72%. And the median was 27.53%.


Capricorn Energy Gross Profit Historical Data

The historical data trend for Capricorn 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.

* Premium members only.

Capricorn Energy Gross Profit Chart

Capricorn Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 243.10 0.40 12.70 81.90 75.10

Capricorn Energy Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross Profit 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 55.60 26.30 41.30 33.80 44.00

Competitive Comparison of Capricorn Energy's Gross Profit

For the Oil & Gas E&P subindustry, Capricorn 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.


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

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

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



Capricorn Energy Gross Profit Calculation

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

Capricorn Energy'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
=255.1 - 180
=75.1

Capricorn Energy's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=103.8 - 59.8
=44.0

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $77.8 Mil.

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

Capricorn Energy'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=44.0 / 103.8
=42.39 %

* 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.


Capricorn Energy  (OTCPK:CRNCY) 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

Capricorn Energy had a gross margin of 42.39% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Capricorn Energy Gross Profit Related Terms

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Capricorn Energy Business Description

Traded in Other Exchanges
Address
50 Lothian Road, Edinburgh, GBR, EH3 9BY
Capricorn Energy PLC is an independent oil and gas exploration and development company. The company has explored, discovered, developed, and produced oil and gas in a variety of locations throughout the world. The company's production, development, and exploration activities are focused on the Egyptian Western Deserts and UK North Sea.