Globus Maritime (Globus Maritime) Gross Margin % : -3.09% (As of Dec. 2023)

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What is Globus Maritime Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Globus Maritime's Gross Profit for the three months ended in Dec. 2023 was $-0.22 Mil. Globus Maritime's Revenue for the three months ended in Dec. 2023 was $7.11 Mil. Therefore, Globus Maritime's Gross Margin % for the quarter that ended in Dec. 2023 was -3.09%.

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

GLBS' s Gross Margin % Range Over the Past 10 Years
Min: -91.94 Med: -9.8 Max: 46.86
Current: 0.96

During the past 13 years, the highest Gross Margin % of Globus Maritime was 46.86%. The lowest was -91.94%. And the median was -9.80%.

GLBS's Gross Margin % is ranked worse than
94.39% of 945 companies
in the Transportation industry
Industry Median: 19.98 vs GLBS: 0.96

Globus Maritime had a gross margin of -3.09% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Globus Maritime was 0.00% per year.

Globus Maritime Gross Margin % Historical Data

The historical data trend for Globus Maritime'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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Globus Maritime Gross Margin % Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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-17.85

-34.58

46.86

43.19

0.95

Globus Maritime 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															-37.47	0.09	-5.22	11.96	-3.09

Competitive Comparison of Globus Maritime's Gross Margin %

For the Marine Shipping subindustry, Globus Maritime'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.

Globus Maritime's Gross Margin % Distribution in the Transportation Industry

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

* The bar in red indicates where Globus Maritime's Gross Margin % falls into.

Globus Maritime Gross Margin % Calculation

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

Globus Maritime'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 )
	=	0.3	/	31.205
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(31.205 - 30.907)	/	31.205
	=	0.95 %

Globus Maritime'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 )
	=	-0.2	/	7.11
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7.11 - 7.33)	/	7.11
	=	-3.09 %

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.

Globus Maritime (NAS:GLBS) 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

Globus Maritime had a gross margin of -3.09% 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.

Globus Maritime Gross Margin % Related Terms

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Globus Maritime (Globus Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.