Inpex (TSE:1605) Gross Margin % : 57.55% (As of Dec. 2023)

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What is Inpex Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Inpex's Gross Profit for the three months ended in Dec. 2023 was 円324,487 Mil. Inpex's Revenue for the three months ended in Dec. 2023 was 円563,867 Mil. Therefore, Inpex's Gross Margin % for the quarter that ended in Dec. 2023 was 57.55%.

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

TSE:1605' s Gross Margin % Range Over the Past 10 Years
Min: 42.95 Med: 54.71 Max: 63.25
Current: 58.72

During the past 13 years, the highest Gross Margin % of Inpex was 63.25%. The lowest was 42.95%. And the median was 54.71%.

TSE:1605's Gross Margin % is ranked better than
81.84% of 925 companies
in the Oil & Gas industry
Industry Median: 27.87 vs TSE:1605: 58.72

Inpex had a gross margin of 57.55% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Inpex was 4.30% per year.

Inpex Gross Margin % Historical Data

The historical data trend for Inpex'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.

Inpex Gross Margin % Chart

Inpex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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57.45

42.95

54.28

59.42

58.72

Inpex 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															58.14	59.27	59.33	58.81	57.55

Competitive Comparison of Inpex's Gross Margin %

For the Oil & Gas E&P subindustry, Inpex'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.

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

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

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

Inpex Gross Margin % Calculation

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

Inpex'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 )
	=	1271768	/	2165702
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2165702 - 893934)	/	2165702
	=	58.72 %

Inpex'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 )
	=	324487	/	563867
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(563867 - 239380)	/	563867
	=	57.55 %

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.

Inpex (TSE:1605) 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

Inpex had a gross margin of 57.55% 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.

Inpex Gross Margin % Related Terms

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Inpex (TSE:1605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inpex Corp (TSE:1605) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

IPXHY:USA IPXHF:USA I8U:Germany

Address

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6332

Website

http://www.inpex.co.jp

Inpex Corp engages in research, exploration, development, production, and sale of oil, natural gas, and other mineral resources. The company is engaged in a multitude of projects spanning the globe. Exploration services are carried through terrestrial geological surveys and geophysical surveys conducted through satellite images and seismic waves. Exploration wells are used to confirm the presence of hydrocarbon products; appraisal follows shortly after. In addition to utilizing production wells, Inpex has gas processing facilities and a transport pipeline for production and shipping. The company also conducts refining/treatment to create products from the oil and natural gas. Marketing and sales are an additional function of the activities performed at Inpex.

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