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Gross Margin % is calculated as gross profit divided by its revenue. Par Pacific Holdings's Gross Profit for the three months ended in Dec. 2023 was $352 Mil. Par Pacific Holdings's Revenue for the three months ended in Dec. 2023 was $2,184 Mil. Therefore, Par Pacific Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 16.11%.
The historical rank and industry rank for Par Pacific Holdings's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Par Pacific Holdings was 15.48%. The lowest was 2.79%. And the median was 10.49%.
Par Pacific Holdings had a gross margin of 16.11% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Par Pacific Holdings was 10.00% per year.
The historical data trend for Par Pacific Holdings'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.
Par Pacific Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 9.48 | 2.79 | 5.89 | 11.55 | 15.48 |
Par Pacific Holdings 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 | 11.58 | 22.06 | 10.14 | 14.33 | 16.11 |
For the Oil & Gas Refining & Marketing subindustry, Par Pacific Holdings'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, Par Pacific Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Par Pacific Holdings's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Par Pacific Holdings'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 ) |
= | 1274 | / | 8231.955 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (8231.955 - 6957.939) | / | 8231.955 | |
= | 15.48 % |
Par Pacific Holdings'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 ) |
= | 351.7 | / | 2183.511 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (2183.511 - 1831.841) | / | 2183.511 | |
= | 16.11 % |
* 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.
Par Pacific Holdings (NYSE:PARR) 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
Par Pacific Holdings had a gross margin of 16.11% 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.
Thank you for viewing the detailed overview of Par Pacific Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
William Pate | director | |
Shawn David Flores | officer: See Remarks | 825 TOWN & COUNTRY LN., SUITE 1500, HOUSTON TX 77024 |
William Monteleone | director, officer: Senior VP of M&A | TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Jeffrey Ryan Hollis | officer: General Counsel and Secretary | 825 TOWN & COUNTRY LANE, SUITE 825, HOUSTON TX 77024 |
Patricia Martinez | director | 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024 |
Aaron Zell | director | 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024 |
Danielle Mattiussi | officer: See Remarks | 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024 |
Jim Yates | officer: Senior Vice President | ONE MEMORIAL PLAZA, 800 GESSNER ROAD SUITE 875, HOUSTON TX 77024 |
L Melvin Cooper | director | 2930 W. SAM HOUSTON PARKWAY N, SUITE 300, HOUSTON TX 77043 |
Chai Trust Co Llc | 10 percent owner | TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Zell Credit Opportunities Master Fund, L.p. | 10 percent owner | 2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Ivan Daniel Guerra | officer: Corporate Controller | 800 GESSNER RD., SUITE 875, HOUSTON TX 77024 |
Richard Creamer | officer: See Remarks | 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024 |
Melvyn N Klein | director | 615 UPPER BROADWAY, STE 1940, CORPUS CHRISTI TX 78477 |
Phillip S Davidson | director | 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024 |
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