Market Cap : 10.9 B | Enterprise Value : 16 B | PE Ratio : 11.22 | PB Ratio : 6.20 |
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Gross Margin % is calculated as gross profit divided by its revenue. Magellan Midstream Partners LP's Gross Profit for the three months ended in Jun. 2022 was $448 Mil. Magellan Midstream Partners LP's Revenue for the three months ended in Jun. 2022 was $789 Mil. Therefore, Magellan Midstream Partners LP's Gross Margin % for the quarter that ended in Jun. 2022 was 56.75%.
The historical rank and industry rank for Magellan Midstream Partners LP's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Magellan Midstream Partners LP was 71.94%. The lowest was 55.69%. And the median was 67.39%.
MMP's Gross Margin % is ranked better thanMagellan Midstream Partners LP had a gross margin of 56.75% for the quarter that ended in Jun. 2022 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Magellan Midstream Partners LP was -0.90% per year.
The historical data trend for Magellan Midstream Partners LP'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.
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP'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.
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Magellan Midstream Partners LP's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as
Gross Margin % (A: Dec. 2021 ) | = | Gross Profit (A: Dec. 2021 ) | / | Revenue (A: Dec. 2021 ) |
= | 1725.2 | / | 2733.1 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (2733.1 - 1007.9) | / | 2733.1 | |
= | 63.12 % |
Magellan Midstream Partners LP's Gross Margin for the quarter that ended in Jun. 2022 is calculated as
Gross Margin % (Q: Jun. 2022 ) | = | Gross Profit (Q: Jun. 2022 ) | / | Revenue (Q: Jun. 2022 ) |
= | 447.5 | / | 788.6 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (788.6 - 341.1) | / | 788.6 | |
= | 56.75 % |
* 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.
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
Magellan Midstream Partners LP had a gross margin of 56.75% for the quarter that ended in Jun. 2022 => Durable competitive advantage
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.
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Somasundaram Sivasankaran | director | C/O APERGY CORPORATION 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9 THE WOODLANDS TX 77381 |
Roles Mark B | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Pearson Michael C | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Joung Chansoo | director | C/O WARBURG PINCUS LLC 450 LEXINGTON AVENUE NEW YORK NY 10017 |
Holman Jeffrey L | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER TULSA OK 74172 |
Little Melanie A | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172 |
Guay Edward J | director | ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172 |
Gobillot Lori | director | 5103 CITY WEST BLVD. 4TH FLOOR HOUSTON TX 77042 |
Aaronson Michael | officer: Senior Vice President | 16666 NORTHCHASE DRIVE HOUSTON TX 77060 |
Milford Aaron L | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER TULSA OK 74172 |
Methvin Stacy P. | director | 777 HIDDEN RIDGE IRVING TX 75038 |
Barnes Robert L | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Osborne Michael P | officer: Senior VP & CFO | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
May Douglas J | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 4100 TULSA OK 74172 |
Davied Larry J | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
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