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Euroseas (NAS:ESEA) Gross Margin %

: 52.34% (As of Dec. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Euroseas's Gross Profit for the three months ended in Dec. 2022 was $22.4 Mil. Euroseas's Revenue for the three months ended in Dec. 2022 was $42.9 Mil. Therefore, Euroseas's Gross Margin % for the quarter that ended in Dec. 2022 was 52.34%.


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

ESEA' s Gross Margin % Range Over the Past 10 Years
Min: -8.18   Med: 21.3   Max: 62.68
Current: 62.68


During the past 13 years, the highest Gross Margin % of Euroseas was 62.68%. The lowest was -8.18%. And the median was 21.30%.

ESEA's Gross Margin % is ranked better than
95.46% of 904 companies
in the Transportation industry
Industry Median: 19.85 vs ESEA: 62.68

Euroseas had a gross margin of 52.34% for the quarter that ended in Dec. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Euroseas was 37.40% per year.


Euroseas Gross Margin % Historical Data

The historical data trend for Euroseas'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.

Euroseas Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.62 20.22 23.65 55.63 62.68

Euroseas Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Gross Margin % 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 Premium Member Only Premium Member Only Premium Member Only 68.75 68.57 70.19 58.61 52.34

Competitive Comparison

For the Marine Shipping subindustry, Euroseas'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.

   

Euroseas Gross Margin % Distribution

For the Transportation industry and Industrials sector, Euroseas's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Euroseas's Gross Margin % falls in comparison to its industry or sector. The grey bar indicates the Gross Margin %'s extreme value range as defined by GuruFocus.



Euroseas Gross Margin % Calculation

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

Euroseas's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=114.5 / 182.694
=(Revenue - Cost of Goods Sold) / Revenue
=(182.694 - 68.173) / 182.694
=62.68 %

Euroseas's Gross Margin for the quarter that ended in Dec. 2022 is calculated as


Gross Margin % (Q: Dec. 2022 )=Gross Profit (Q: Dec. 2022 ) / Revenue (Q: Dec. 2022 )
=22.4 / 42.886
=(Revenue - Cost of Goods Sold) / Revenue
=(42.886 - 20.438) / 42.886
=52.34 %

* 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.


Euroseas  (NAS:ESEA) 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

Euroseas had a gross margin of 52.34% for the quarter that ended in Dec. 2022 => Durable 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.


Euroseas Gross Margin % Related Terms

Thank you for viewing the detailed overview of Euroseas's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Euroseas (NAS:ESEA) Business Description

Euroseas logo
Traded in Other Exchanges
Address
4 Messogiou and Evropis Street, Maroussi, GRC, 151 24
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (NAS:ESEA) Headlines

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