Houston American Energy (Houston American Energy) Gross Margin % : 26.32% (As of Dec. 2023)

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What is Houston American Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Houston American Energy's Gross Profit for the three months ended in Dec. 2023 was $0.07 Mil. Houston American Energy's Revenue for the three months ended in Dec. 2023 was $0.25 Mil. Therefore, Houston American Energy's Gross Margin % for the quarter that ended in Dec. 2023 was 26.32%.

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

HUSA' s Gross Margin % Range Over the Past 10 Years
Min: -140.96 Med: -1.89 Max: 48.93
Current: 19.14

During the past 13 years, the highest Gross Margin % of Houston American Energy was 48.93%. The lowest was -140.96%. And the median was -1.89%.

HUSA's Gross Margin % is ranked worse than
60.65% of 925 companies
in the Oil & Gas industry
Industry Median: 27.87 vs HUSA: 19.14

Houston American Energy had a gross margin of 26.32% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Houston American Energy was 0.00% per year.

Houston American Energy Gross Margin % Historical Data

The historical data trend for Houston American Energy'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.

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Houston American Energy Gross Margin % Chart

Houston American Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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-23.05

-39.13

34.44

48.93

19.27

Houston American Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															44.62	30.00	28.43	-35.40	26.32

Competitive Comparison of Houston American Energy's Gross Margin %

For the Oil & Gas E&P subindustry, Houston American Energy'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.

Houston American Energy's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Houston American Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Houston American Energy's Gross Margin % falls into.

Houston American Energy Gross Margin % Calculation

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

Houston American Energy's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	0.2	/	0.794
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.794 - 0.641)	/	0.794
	=	19.27 %

Houston American Energy's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.1	/	0.247
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.247 - 0.182)	/	0.247
	=	26.32 %

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.

Houston American Energy (AMEX:HUSA) 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

Houston American Energy had a gross margin of 26.32% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Houston American Energy Gross Margin % Related Terms

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Houston American Energy (Houston American Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houston American Energy Corp (AMEX:HUSA) » Definitions » Gross Margin %

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Traded in Other Exchanges

8H6H:Germany

Address

801 Travis Street, Suite 1425, Houston, TX, USA, 77002

Website

https://www.houstonamerican.com

Houston American Energy Corp is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its properties, and operations, are in the U.S. Permian Basin, the U.S. Gulf Coast region, particularly Texas and Louisiana, and in the South American country of Colombia. The company's an exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. The Company majorly has operations in two geographical areas, the United States and Colombia.

Executives

James A Schoonover	director	1770 COUNTY ROAD H2, WHITE BEAR TOWNSHIP MN 55110
John F Terwilliger	director, 10 percent owner, officer: President and CEO
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Dyke Torbjorn Van	officer: VP - Business Development	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
R. Keith Grimes	director	13307 GOLDEN VALLEY DR., CYPRESS TX 77429
John P Boylan	director	450 WESTHEIMER DR., HOUSTON TX 77024
Stephen Hartzell	director	1001 MCKINNEY, SUITE 805, HOUSTON TX 77002
Roy W Jageman	director	777 MAIN STREET, C/O ENCORE ACQUISITION CO, FORT WORTH TX 76102
James J Jacobs	officer: Chief Financial Officer	801 TRAVIS, SUITE 2020, HOUSTON TX 77002
Kenneth Jeffers	officer: Senior VP of Exploration	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Brett Hendrickson	10 percent owner	300 CRESCENT COURT, SUITE 1740, DALLAS TX 75201
Orrie Lee Tawes	director, 10 percent owner	CIBC OPPENHEIMER WORLD FINANCIAL CENTER, NEW YORK NY 110281
Richard J Howe	director	73 SADDLEBROOK LN, HOUSTON TX 77024
J Alex Loftus	director	801 TRAVIS, SUITE 1425, HOUSTON TX 77002