Safe Bulkers (Safe Bulkers) Gross Margin % : 52.13% (As of Dec. 2023)

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What is Safe Bulkers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Safe Bulkers's Gross Profit for the three months ended in Dec. 2023 was $42.89 Mil. Safe Bulkers's Revenue for the three months ended in Dec. 2023 was $82.29 Mil. Therefore, Safe Bulkers's Gross Margin % for the quarter that ended in Dec. 2023 was 52.13%.

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

SBpBCL.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 2.81 Med: 29.95 Max: 60.05
Current: 41.99

During the past 13 years, the highest Gross Margin % of Safe Bulkers was 60.05%. The lowest was 2.81%. And the median was 29.95%.

SBpBCL.PFD's Gross Margin % is ranked better than
83.28% of 945 companies
in the Transportation industry
Industry Median: 20.03 vs SBpBCL.PFD: 41.99

Safe Bulkers had a gross margin of 52.13% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Safe Bulkers was 10.40% per year.

Safe Bulkers Gross Margin % Historical Data

The historical data trend for Safe Bulkers'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.

Safe Bulkers Gross Margin % Chart

Safe Bulkers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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32.95

16.26

59.22

60.05

41.98

Safe Bulkers 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															56.70	38.91	38.64	35.91	52.13

Competitive Comparison of Safe Bulkers's Gross Margin %

For the Marine Shipping subindustry, Safe Bulkers'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.

Safe Bulkers's Gross Margin % Distribution in the Transportation Industry

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

* The bar in red indicates where Safe Bulkers's Gross Margin % falls into.

Safe Bulkers Gross Margin % Calculation

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

Safe Bulkers'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 )
	=	119.4	/	284.401
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(284.401 - 164.996)	/	284.401
	=	41.98 %

Safe Bulkers'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 )
	=	42.9	/	82.289
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(82.289 - 39.395)	/	82.289
	=	52.13 %

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.

Safe Bulkers (NYSE:SBpBCL.PFD) 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

Safe Bulkers had a gross margin of 52.13% for the quarter that ended in Dec. 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.

Safe Bulkers Gross Margin % Related Terms

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Safe Bulkers (Safe Bulkers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Safe Bulkers Inc (NYSE:SBpBCL.PFD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SBpD.PFD:USA SBpC.PFD:USA SB:USA SBL:Germany

Address

6, Avenue des Citronniers, Apt. D11, Les Acanthes, Monaco City, MCO, MC98000

Website

https://www.safebulkers.com

Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.