Intrepid Potash (Intrepid Potash) Gross Margin % : 8.16% (As of Dec. 2023)

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What is Intrepid Potash Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Intrepid Potash's Gross Profit for the three months ended in Dec. 2023 was $4.6 Mil. Intrepid Potash's Revenue for the three months ended in Dec. 2023 was $56.7 Mil. Therefore, Intrepid Potash's Gross Margin % for the quarter that ended in Dec. 2023 was 8.16%.

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

IPI' s Gross Margin % Range Over the Past 10 Years
Min: -12.63 Med: 11.72 Max: 41.89
Current: 13.2

During the past 13 years, the highest Gross Margin % of Intrepid Potash was 41.89%. The lowest was -12.63%. And the median was 11.72%.

IPI's Gross Margin % is ranked worse than
77.78% of 234 companies
in the Agriculture industry
Industry Median: 23.09 vs IPI: 13.20

Intrepid Potash had a gross margin of 8.16% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Intrepid Potash was 5.70% per year.

Intrepid Potash Gross Margin % Historical Data

The historical data trend for Intrepid Potash'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.

Intrepid Potash Gross Margin % Chart

Intrepid Potash Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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19.76

5.35

20.63

41.89

13.20

Intrepid Potash 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															38.47	18.81	18.98	0.90	8.16

Competitive Comparison of Intrepid Potash's Gross Margin %

For the Agricultural Inputs subindustry, Intrepid Potash'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.

Intrepid Potash's Gross Margin % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Intrepid Potash's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Intrepid Potash's Gross Margin % falls into.

Intrepid Potash Gross Margin % Calculation

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

Intrepid Potash'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 )
	=	36.8	/	279.083
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(279.083 - 242.237)	/	279.083
	=	13.20 %

Intrepid Potash'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 )
	=	4.6	/	56.663
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(56.663 - 52.042)	/	56.663
	=	8.16 %

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.

Intrepid Potash (NYSE:IPI) 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

Intrepid Potash had a gross margin of 8.16% for the quarter that ended in Dec. 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.

Intrepid Potash Gross Margin % Related Terms

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Intrepid Potash (Intrepid Potash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Intrepid Potash Inc (NYSE:IPI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

58I1:Germany

Address

707 17th Street, Suite 4200, Denver, CO, USA, 80202

Website

https://www.intrepidpotash.com

Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium, and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, salt water disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm's production facilities.

Executives

Jornayvaz Robert P Iii	director, 10 percent owner, officer: Chairman/CEO	1001 17TH STREET, SUITE 1050, DENVER CO 80202
Christina Sheehan	officer: General Counsel	707 17TH STREET, SUITE 4200, DENVER CO 80202
Matthew D Preston	officer: VP of Finance	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
William M Zisch	director	C/O INTREPID POTASH, INC., 707 17TH STREET, SUITE 4200, DENVER CO 80202
Mary E Mcbride	director	6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Clearway Capital Management Llc	10 percent owner	501 BRICKELL KEY DRIVE SUITE 602, MIAMI FL 33131
Robert E Baldridge	officer: SVP - New Mexico	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Edward Brian Stone	officer: President and COO	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Kyle R Smith	officer: VP, General Counsel	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Lori A Lancaster	director	302 WEST 86TH STREET. APT. 4C, NEW YORK NY 10024
Wells Stanley W Ii	officer: Vice President Human Resources	1001 17TH ST, SUITE 1050, DENVER CO 80202
Teton Trust Co Llc As Trustee Of Clearway Trust	10 percent owner	36 E. BROADWAY, SUITE 9-3 PO BOX 490, JACKSON WY 83001
Erica Wyatt	officer: Chief Human Resources Officer	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Terry Considine	director	4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Clearway Capital Management Ltd.	10 percent owner	501 BRICKELL KEY DRIVE SUITE 602, MIAMI FL 33131