Superior Plus (TSX:SPB) Gross Margin % : 52.11% (As of Dec. 2023)

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What is Superior Plus Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Superior Plus's Gross Profit for the three months ended in Dec. 2023 was C$514 Mil. Superior Plus's Revenue for the three months ended in Dec. 2023 was C$986 Mil. Therefore, Superior Plus's Gross Margin % for the quarter that ended in Dec. 2023 was 52.11%.

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

TSX:SPB' s Gross Margin % Range Over the Past 10 Years
Min: 23.19 Med: 34.92 Max: 50.57
Current: 48.09

During the past 13 years, the highest Gross Margin % of Superior Plus was 50.57%. The lowest was 23.19%. And the median was 34.92%.

TSX:SPB's Gross Margin % is ranked better than
79.32% of 503 companies
in the Utilities - Regulated industry
Industry Median: 28.51 vs TSX:SPB: 48.09

Superior Plus had a gross margin of 52.11% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Superior Plus was 2.30% per year.

Superior Plus Gross Margin % Historical Data

The historical data trend for Superior Plus'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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Superior Plus Gross Margin % Chart

Superior Plus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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42.52

50.57

38.15

35.20

48.09

Superior Plus 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															40.10	43.11	46.24	54.44	52.11

Competitive Comparison of Superior Plus's Gross Margin %

For the Utilities - Regulated Gas subindustry, Superior Plus'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.

Superior Plus's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Superior Plus's Gross Margin % distribution charts can be found below:

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

Superior Plus Gross Margin % Calculation

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

Superior Plus'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 )
	=	1612.9	/	3353.7
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3353.7 - 1740.8)	/	3353.7
	=	48.09 %

Superior Plus'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 )
	=	513.7	/	985.8
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(985.8 - 472.1)	/	985.8
	=	52.11 %

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.

Superior Plus (TSX:SPB) 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

Superior Plus had a gross margin of 52.11% 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.

Superior Plus Gross Margin % Related Terms

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Superior Plus (TSX:SPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Superior Plus Corp (TSX:SPB) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SUUIF:USA 8SP:Germany

Address

200 Wellington Street West, Suite 401, Toronto, ON, CAN, M5V 3C7

Website

https://www.superiorplus.com

Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane, Canadian Propane & Wholesale Propane, out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California. The Canadian Propane segment includes the Canadian retail business with operations across Canada. The Wholesale Propane segment is the wholesale business with operations in Canada & the Western United States.