Cardinal Energy (Cardinal Energy) Gross Margin % : 62.41% (As of Dec. 2023)

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What is Cardinal Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cardinal Energy's Gross Profit for the three months ended in Dec. 2023 was $69.3 Mil. Cardinal Energy's Revenue for the three months ended in Dec. 2023 was $111.1 Mil. Therefore, Cardinal Energy's Gross Margin % for the quarter that ended in Dec. 2023 was 62.41%.

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

CRLFF' s Gross Margin % Range Over the Past 10 Years
Min: 39.12 Med: 58.37 Max: 65.97
Current: 63.6

During the past 12 years, the highest Gross Margin % of Cardinal Energy was 65.97%. The lowest was 39.12%. And the median was 58.37%.

CRLFF's Gross Margin % is ranked better than
85.51% of 925 companies
in the Oil & Gas industry
Industry Median: 27.82 vs CRLFF: 63.60

Cardinal Energy had a gross margin of 62.41% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cardinal Energy was 2.10% per year.

Cardinal Energy Gross Margin % Historical Data

The historical data trend for Cardinal Energy'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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Cardinal Energy Gross Margin % Chart

Cardinal Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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59.69

55.70

64.66

65.97

63.60

Cardinal Energy 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															65.68	62.74	63.11	65.72	62.41

Competitive Comparison of Cardinal Energy's Gross Margin %

For the Oil & Gas E&P subindustry, Cardinal Energy'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.

Cardinal Energy's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cardinal Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cardinal Energy's Gross Margin % falls into.

Cardinal Energy Gross Margin % Calculation

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

Cardinal Energy'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 )
	=	281.5	/	442.558
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(442.558 - 161.093)	/	442.558
	=	63.60 %

Cardinal Energy'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 )
	=	69.3	/	111.052
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(111.052 - 41.74)	/	111.052
	=	62.41 %

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.

Cardinal Energy (OTCPK:CRLFF) 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

Cardinal Energy had a gross margin of 62.41% 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.

Cardinal Energy Gross Margin % Related Terms

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Cardinal Energy (Cardinal Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cardinal Energy Ltd (OTCPK:CRLFF) » Definitions » Gross Margin %

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Traded in Other Exchanges

C0Y:Germany CJ:Canada

Address

400 - 3rd Avenue SW, Suite 600, Calgary, AB, CAN, T2P 4H2

Website

https://www.cardinalenergy.ca

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.