PetroVietnam Gas JSC's gross profit for the
three
months ended in Mar. 2024 was ₫3,691,115 Mil. PetroVietnam Gas JSC's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ₫15,773,802 Mil.
PetroVietnam Gas JSC had a gross margin of 15.83% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of PetroVietnam Gas JSC was 27.45%. The lowest was 17.14%. And the median was 21.00%.
Warning Sign:
PetroVietnam Gas JSC gross margin has been in long-term decline. The average rate of decline per year is -3.5%.
PetroVietnam Gas JSC Gross Profit Historical Data
The historical data trend for PetroVietnam Gas JSC'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 PetroVietnam Gas JSC's Gross Profit
For the Oil & Gas Integrated subindustry, PetroVietnam Gas JSC'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.
PetroVietnam Gas JSC's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PetroVietnam Gas JSC's Gross Profit distribution charts can be found below:
* The bar in red indicates where PetroVietnam Gas JSC's Gross Profit falls into.
PetroVietnam Gas JSC Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
PetroVietnam Gas JSC'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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫15,773,802 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.
PetroVietnam Gas JSC (STC:GAS) 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
PetroVietnam Gas JSC had a gross margin of 15.83% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
PetroVietnam Gas JSC Gross Profit Related Terms
Thank you for viewing the detailed overview of PetroVietnam Gas JSC's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
PetroVietnam Gas JSC (STC:GAS) Business Description
PetroVietnam Gas JSC is a Vietnam-based company which is active in the oil and gas industry. The principal activities of the company are to collect, import, transport, store, process, distribute, trade gas and gas products. It is engaged in distributing, trading gas and dry gas products, LNG (liquefied natural gas), CNG (Compressed natural gas), LPG (Liquefied Petroleum Gas) and condensates for industrial and household use as well as managing, operating, maintaining and restoring all gas works. The company also provides services in the gas industry such as renovating, maintaining, and restoring engines, installing conversion equipment for means of transport and agriculture, forestry and others. It operates its business across the Vietnam.
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