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Union Electric Co (Union Electric Co) Gross Margin %

: 41.42% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Union Electric Co's Gross Profit for the three months ended in Dec. 2023 was $314.00 Mil. Union Electric Co's Revenue for the three months ended in Dec. 2023 was $758.00 Mil. Therefore, Union Electric Co's Gross Margin % for the quarter that ended in Dec. 2023 was 41.42%.


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

UELMO.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 33.8   Med: 62.3   Max: 78.4
Current: 71.27


During the past 13 years, the highest Gross Margin % of Union Electric Co was 78.40%. The lowest was 33.80%. And the median was 62.30%.

UELMO.PFD's Gross Margin % is not ranked
in the Utilities - Regulated industry.
Industry Median: 28.6 vs UELMO.PFD: 71.27

Union Electric Co had a gross margin of 41.42% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Union Electric Co was 8.70% per year.


Union Electric Co Gross Margin % Historical Data

The historical data trend for Union Electric Co'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.

Union Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.32 48.86 45.84 43.60 46.13

Union Electric Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.74 34.24 43.15 60.15 41.42

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Union Electric Co'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.


Union Electric Co Gross Margin % Distribution

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

* The bar in red indicates where Union Electric Co's Gross Margin % falls into.



Union Electric Co Gross Margin % Calculation

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

Union Electric Co'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 )
=1780 / 3859
=(Revenue - Cost of Goods Sold) / Revenue
=(3859 - 2079) / 3859
=46.13 %

Union Electric Co'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 )
=314 / 758
=(Revenue - Cost of Goods Sold) / Revenue
=(758 - 444) / 758
=41.42 %

* 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.

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.


Union Electric Co  (OTCPK:UELMO.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

Union Electric Co had a gross margin of 41.42% 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.


Union Electric Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Union Electric Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Union Electric Co (Union Electric Co) Business Description

Address
1901 Chouteau Avenue, St. Louis, MO, USA, 63103
Union Electric Co is engaged in providing regulated electricity to the business and residential.
Executives
Chonda J Nwamu officer: SVP & Deputy General Counsel 1901 CHOUTEAU AVENUE, P.O. BOX 66149, ST. LOUIS MO 63166-6149
Fadi M Diya officer: SVP & CNO 1901 CHOUTEAU AVENUE, P.O. BOX 66149, ST. LOUIS MO 63166
Bruce A Steinke officer: SVP, Finance & CAO 1901 CHOUTEAU AVENUE, P.O. BOX 66149, ST. LOUIS MO 63166
Michael L Moehn officer: Senior Vice President 1901 CHOUTEAU AVENUE MC-1310, ST. LOUIS MO 63103
Gregory L Nelson officer: Sr. VP & General Counsel 1901 CHOUTEAU AVENUE MC-1310, ST. LOUIS MO 63103
Charles D Naslund officer: Sr Vice President 1901 CHOUTEAU AVENUE MC-1310, ST. LOUIS MO 63103
Adam C Heflin officer: Sr. Vice Pres. of Subsidiary 1901 CHOUTEAU AVENUE, P. O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149
Timothy E Herrmann officer: Vice President 1901 CHOUTEAU AVENUE, P.O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149
Richard J Mark officer: Senior Vice President 1901 CHOUTEAU AVENUE MC-1310, ST. LOUIS MO 63103
Dennis W Weisenborn officer: Vice President 1901 CHOUTEAU AVENUE, MC-1370, ST. LOUIS MO 63103
Scott A Cisel officer: Vice President 1901 CHOUTEAU AVE, MC 1370, ST LOUIS MO 63103
Mark C Birk officer: Vice President 1901 CHOUTEAU AVE MC-1310, ST LOUIS MO 63103
Harvey Saligman director
Douglas R Oberhelman director 100 NE ADAMS STREET, PEORIA IL 61629
Richard A Liddy director

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