Baltic Trading's gross profit for the
three
months ended in Mar. 2015 was €-0.20 Mil. Baltic Trading's gross profit for the trailing twelve months (TTM) ended in Mar. 2015 was €9.69 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Baltic Trading's gross profit for the
three
months ended in Mar. 2015 was €-0.20 Mil. Baltic Trading's Revenue for the
three
months ended in Mar. 2015 was €6.39 Mil. Therefore, Baltic Trading's Gross Margin % for the quarter that ended in Mar. 2015 was -3.12%.
Baltic Trading had a gross margin of -3.12% for the quarter that ended in Mar. 2015 => No sustainable competitive advantage
Baltic Trading Gross Profit Historical Data
The historical data trend for Baltic Trading'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 Baltic Trading's Gross Profit
For the Marine Shipping subindustry, Baltic Trading'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.
Baltic Trading's Gross Profit Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Baltic Trading's Gross Profit distribution charts can be found below:
* The bar in red indicates where Baltic Trading's Gross Profit falls into.
Baltic Trading Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Baltic Trading's Gross Profit for the fiscal year that ended in Dec. 2014 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €9.69 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.
Baltic Trading (FRA:L8B) 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
Baltic Trading had a gross margin of -3.12% for the quarter that ended in Mar. 2015 => No sustainable competitive advantage
Baltic Trading Gross Profit Related Terms
Thank you for viewing the detailed overview of Baltic Trading's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.
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