Husky Energy (TSX:HSE.PR.B.PFD) Gross Margin %

: -223.41% (As of Sep. 2020)

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Gross Margin % is calculated as gross profit divided by its revenue. Husky Energy's Gross Profit for the three months ended in Sep. 2020 was C$-7,549.00 Mil. Husky Energy's Revenue for the three months ended in Sep. 2020 was C$3,379.00 Mil. Therefore, Husky Energy's Gross Margin % for the quarter that ended in Sep. 2020 was -223.41%.

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

TSX:HSE.PR.B.PFD' s Gross Margin % Range Over the Past 10 Years
Min: -72.52 Med: 21.52 Max: 28.31
Current: -72.52

During the past 13 years, the highest Gross Margin % of Husky Energy was 28.31%. The lowest was -72.52%. And the median was 21.52%.

TSX:HSE.PR.B.PFD's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.905 vs TSX:HSE.PR.B.PFD: -72.52

Husky Energy had a gross margin of -223.41% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Husky Energy was 0.00% per year.

Husky Energy Gross Margin % Historical Data

The historical data trend for Husky 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => -11.91 [6] => 21.22 [7] => 20.32 [8] => 21.36 [9] => 6.94 )

Husky Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Gross Margin %

-11.91

21.22

20.32

21.36

6.94

Husky Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Gross Margin %																20.55	-45.73	-32.92	17.28	-223.41

Competitive Comparison

For the Oil & Gas Integrated subindustry, Husky 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.

Husky Energy Gross Margin % Distribution

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

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

Husky Energy Gross Margin % Calculation

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

Husky Energy's Gross Margin for the fiscal year that ended in Dec. 2019 is calculated as

Gross Margin % (A: Dec. 2019 )	=	Gross Profit (A: Dec. 2019 )	/	Revenue (A: Dec. 2019 )
	=	1409	/	20306
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(20306 - 18897)	/	20306
	=	6.94 %

Husky Energy's Gross Margin for the quarter that ended in Sep. 2020 is calculated as

Gross Margin % (Q: Sep. 2020 )	=	Gross Profit (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	-7549	/	3379
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3379 - 10928)	/	3379
	=	-223.41 %

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.

Husky Energy (TSX:HSE.PR.B.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

Husky Energy had a gross margin of -223.41% for the quarter that ended in Sep. 2020 => 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.

Husky Energy Gross Margin % Related Terms

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Husky Energy (TSX:HSE.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Husky Energy Inc (TSX:HSE.PR.B.PFD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

707, 8th Avenue S.W, PO Box 6525, Station D, Calgary, AB, CAN, T2P 1H5

Website

https://www.huskyenergy.com

Husky Energy is one of Canada's largest integrated energy companies, operating in western Canada, the United States, and the Asia-Pacific and Atlantic regions. The upstream portfolio includes light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. Husky's heavy oil and oil sands production are supported by two integrated downstream and midstream value chains. Production averaged 290,000 barrels of oil equivalent per day in 2019, and Husky estimates that it holds approximately 2.1 billion boe of proven and probable crude oil and natural gas reserves.

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