Conrad Industries (Conrad Industries) Gross Margin % : -4.44% (As of Sep. 2023)

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What is Conrad Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Conrad Industries's Gross Profit for the three months ended in Sep. 2023 was $-2.70 Mil. Conrad Industries's Revenue for the three months ended in Sep. 2023 was $60.67 Mil. Therefore, Conrad Industries's Gross Margin % for the quarter that ended in Sep. 2023 was -4.44%.

The historical rank and industry rank for Conrad Industries's Gross Margin % or its related term are showing as below:

CNRD' s Gross Margin % Range Over the Past 10 Years
Min: -4.44 Med: 13.45 Max: 17.46
Current: -4.44

During the past 13 years, the highest Gross Margin % of Conrad Industries was 17.46%. The lowest was -4.44%. And the median was 13.45%.

CNRD's Gross Margin % is ranked worse than
95.62% of 297 companies
in the Aerospace & Defense industry
Industry Median: 26.24 vs CNRD: -4.44

Conrad Industries had a gross margin of -4.44% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Conrad Industries was 0.00% per year.

Conrad Industries Gross Margin % Historical Data

The historical data trend for Conrad Industries's Gross Margin % 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.

Conrad Industries Gross Margin % Chart

Conrad Industries Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Gross Margin %

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12.88

5.65

2.14

0.38

-0.32

Conrad Industries Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
Gross Margin %	Get a 7-Day Free Trial															1.31	-4.00	-4.32	-12.02	-4.44

Competitive Comparison of Conrad Industries's Gross Margin %

For the Aerospace & Defense subindustry, Conrad Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Conrad Industries's Gross Margin % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Conrad Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Conrad Industries's Gross Margin % falls into.

Conrad Industries Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Conrad Industries's Gross Margin for the fiscal year that ended in Dec. 2018 is calculated as

Gross Margin % (A: Dec. 2018 )	=	Gross Profit (A: Dec. 2018 )	/	Revenue (A: Dec. 2018 )
	=	-0.6	/	182.32
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(182.32 - 182.905)	/	182.32
	=	-0.32 %

Conrad Industries's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-2.7	/	60.668
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(60.668 - 63.364)	/	60.668
	=	-4.44 %

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.

Conrad Industries (OTCPK:CNRD) Gross Margin % 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

Conrad Industries had a gross margin of -4.44% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Conrad Industries Gross Margin % Related Terms

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Conrad Industries (Conrad Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Conrad Industries Inc (OTCPK:CNRD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Brashear Avenue, Suite 200, Morgan City, LA, USA, 70380

Website

https://www.conradindustries.com

Conrad Industries Inc is engaged in the construction, repair, and conversion of steel and aluminum marine vessels for commercial and governmental customers. The business activity of the firm is operated through Vessel Construction and Repair and Conversions segments. It generates maximum revenue from the Vessel Construction segment. The Vessel Construction segment involves the building of a new vessel, often including engineering and design. The Repair and Conversions segment comprises work on an existing vessel.

Executives

Myers Kenneth G Jr

director, officer: President and CEO

STEWART ENTERPRISES, INC., 1333 SOUTH CLEARVIEW PARKWAY, JEFFERSON LA 70121