Danimer Scientific's gross profit for the
three
months ended in Dec. 2023 was $-6.37 Mil. Danimer Scientific's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $-26.96 Mil.
Danimer Scientific had a gross margin of -58.22% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 5 years, the highestGross Margin % of Danimer Scientific was 34.34%. The lowest was -57.75%. And the median was 1.50%.
Danimer Scientific Gross Profit Historical Data
The historical data trend for Danimer Scientific'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.
Competitive Comparison of Danimer Scientific's Gross Profit
For the Specialty Chemicals subindustry, Danimer Scientific'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.
Danimer Scientific's Gross Profit Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Danimer Scientific's Gross Profit distribution charts can be found below:
* The bar in red indicates where Danimer Scientific's Gross Profit falls into.
Danimer Scientific Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Danimer Scientific's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 $-26.96 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
Danimer Scientific had a gross margin of -58.22% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Danimer Scientific Gross Profit Related Terms
Thank you for viewing the detailed overview of Danimer Scientific's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Danimer Scientific (Danimer Scientific) Business Description
Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.
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