NACCO Industries (NACCO Industries) Gross Margin %

: 12.34% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. NACCO Industries's Gross Profit for the three months ended in Dec. 2023 was $7.0 Mil. NACCO Industries's Revenue for the three months ended in Dec. 2023 was $56.8 Mil. Therefore, NACCO Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 12.34%.

Warning Sign:

NACCO Industries Inc gross margin has been in long-term decline. The average rate of decline per year is -12.4%.

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

NC' s Gross Margin % Range Over the Past 10 Years
Min: -7.59 Med: 18.4 Max: 28.07
Current: 6.79

During the past 13 years, the highest Gross Margin % of NACCO Industries was 28.07%. The lowest was -7.59%. And the median was 18.40%.

NC's Gross Margin % is ranked worse than
88.52% of 122 companies
in the Other Energy Sources industry
Industry Median: 31.28 vs NC: 6.79

NACCO Industries had a gross margin of 12.34% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for NACCO Industries was -12.40% per year.

NACCO Industries Gross Margin % Historical Data

The historical data trend for NACCO Industries'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.

NACCO Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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22.08

13.21

22.65

28.07

6.79

NACCO Industries 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															29.16	6.70	10.44	-4.67	12.34

Competitive Comparison

For the Thermal Coal subindustry, NACCO Industries'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.

NACCO Industries Gross Margin % Distribution

For the Other Energy Sources industry and Energy sector, NACCO Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where NACCO Industries's Gross Margin % falls into.

NACCO Industries Gross Margin % Calculation

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

NACCO Industries'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 )
	=	14.6	/	214.794
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(214.794 - 200.203)	/	214.794
	=	6.79 %

NACCO Industries'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 )
	=	7	/	56.757
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(56.757 - 49.756)	/	56.757
	=	12.34 %

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.

NACCO Industries (NYSE:NC) 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

NACCO Industries had a gross margin of 12.34% 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.

NACCO Industries Gross Margin % Related Terms

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NACCO Industries (NACCO Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » NACCO Industries Inc (NYSE:NC) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

5875 Landerbrook Drive, Suite 220, Cleveland, OH, USA, 44124-4069

Website

https://www.nacco.com

NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments that are coal mining, North American mining (NA mining), and minerals management. The majority of its revenue is from the coal mining segment. That segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NA mining segment provides value-add contract mining and services for producers. Minerals management generates income from royalty-based leases by acquiring and promoting oil, gas, and coal mineral interests. The company is diversifying beyond coal mining due to political and economic pressures associated with carbon emissions.

Executives

Valerie Gentile Sachs	director	5555 DARROW RD, HUDSON OH 44236
Trust F/b/o Paige J. Rankin 8/26/2016	other: Member of a Group	103 MARION AVENUE, LAKE FOREST IL 60045
Paige J. Rankin	other: Member of a Group	103 MARION AVENUE, FOREST LAKE IL 60045
Miles B Haberer	officer: Assoc Gen Counsel & Assist Sec	5340 LEGACY DRIVE, BUILDING 1 SUITE 300, PLANO TX 75024
Butler John C Jr	officer: VP-Corp Dev and Treasurer	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin	other: NMHG Dir and Member of Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Roger F Rankin	other: Member of a group	C/O NACCO INDUSTRIES INC, 5875 LANDERBROOK DRIVE, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al	director, officer: Dir CEO Group Member, other: Dir CEO Group Member	5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Rankin Corbin	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Alison A Rankin	other: Member of a group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124