NOVATEK PJSC (MIC:NVTK) Gross Margin % : 52.71% (As of Jun. 2023)

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What is NOVATEK PJSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. NOVATEK PJSC's Gross Profit for the three months ended in Jun. 2023 was ₽165,900 Mil. NOVATEK PJSC's Revenue for the three months ended in Jun. 2023 was ₽314,766 Mil. Therefore, NOVATEK PJSC's Gross Margin % for the quarter that ended in Jun. 2023 was 52.71%.

Warning Sign:

NOVATEK PJSC gross margin has been in long-term decline. The average rate of decline per year is -8.7%.

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

MIC:NVTK' s Gross Margin % Range Over the Past 10 Years
Min: 42.32 Med: 66.6 Max: 88.76
Current: 52.71

During the past 13 years, the highest Gross Margin % of NOVATEK PJSC was 88.76%. The lowest was 42.32%. And the median was 66.60%.

MIC:NVTK's Gross Margin % is ranked better than
78.49% of 925 companies
in the Oil & Gas industry
Industry Median: 27.87 vs MIC:NVTK: 52.71

NOVATEK PJSC had a gross margin of 52.71% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for NOVATEK PJSC was -8.70% per year.

NOVATEK PJSC Gross Margin % Historical Data

The historical data trend for NOVATEK PJSC'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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NOVATEK PJSC Gross Margin % Chart

NOVATEK PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Gross Margin %

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61.46

53.49

58.54

49.92

42.32

NOVATEK PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															44.55	42.12	60.42	52.71	-

Competitive Comparison of NOVATEK PJSC's Gross Margin %

For the Oil & Gas E&P subindustry, NOVATEK PJSC'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.

NOVATEK PJSC's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where NOVATEK PJSC's Gross Margin % falls into.

NOVATEK PJSC Gross Margin % Calculation

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

NOVATEK PJSC'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 )
	=	580427	/	1371508
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1371508 - 791081)	/	1371508
	=	42.32 %

NOVATEK PJSC's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	165900	/	314766
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(314766 - 148866)	/	314766
	=	52.71 %

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.

NOVATEK PJSC (MIC:NVTK) 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

NOVATEK PJSC had a gross margin of 52.71% for the quarter that ended in Jun. 2023 => 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.

NOVATEK PJSC Gross Margin % Related Terms

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NOVATEK PJSC (MIC:NVTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOVATEK PJSC (MIC:NVTK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Udaltsova Street, Moscow, RUS, 119415

Website

https://www.novatek.ru

NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.

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