Ampol (CTXAF) Gross Margin % : 9.95% (As of Dec. 2023)

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What is Ampol Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ampol's Gross Profit for the six months ended in Dec. 2023 was $1,282 Mil. Ampol's Revenue for the six months ended in Dec. 2023 was $12,881 Mil. Therefore, Ampol's Gross Margin % for the quarter that ended in Dec. 2023 was 9.95%.

Warning Sign:

Ampol Ltd gross margin has been in long-term decline. The average rate of decline per year is -2%.

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

CTXAF' s Gross Margin % Range Over the Past 10 Years
Min: 4.81 Med: 8.08 Max: 9.53
Current: 7.77

During the past 13 years, the highest Gross Margin % of Ampol was 9.53%. The lowest was 4.81%. And the median was 8.08%.

CTXAF's Gross Margin % is ranked worse than
82.27% of 925 companies
in the Oil & Gas industry
Industry Median: 27.82 vs CTXAF: 7.77

Ampol had a gross margin of 9.95% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ampol was -2.00% per year.

Ampol Gross Margin % Historical Data

The historical data trend for Ampol'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.

Ampol Gross Margin % Chart

Ampol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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7.58

6.43

9.48

6.71

7.75

Ampol Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															8.32	10.22	3.82	5.47	9.95

Competitive Comparison of Ampol's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, Ampol'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.

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

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

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

Ampol Gross Margin % Calculation

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

Ampol'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 )
	=	1960.9	/	25294.004
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(25294.004 - 23333.096)	/	25294.004
	=	7.75 %

Ampol'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 )
	=	1282.2	/	12881.432
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12881.432 - 11599.28)	/	12881.432
	=	9.95 %

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.

Ampol (OTCPK:CTXAF) 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

Ampol had a gross margin of 9.95% 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.

Ampol Gross Margin % Related Terms

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Ampol (CTXAF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CTXAY:USA ALD:New Zealand CLZ:Germany ALD:Australia

Address

29-33 Bourke Road, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.ampol.com.au

Ampol (nee Caltex) is the largest and only Australian-listed petroleum refiner and distributor, with operations in all states and territories. It was a major international brand of Chevron's until that 50% owner sold out in 2015. Caltex transitioned to Ampol branding due to Chevron terminating its licence to use the Caltex brand in Australia. Ampol has operated for more than 100 years. It owns and operates a refinery at Lytton in Brisbane, but closed Sydney's Kurnell refinery to focus on the more profitable distribution/retail segment. It successfully completed a NZD 2.0 billion bid for New Zealand peer Z Energy in first-half 2022.