Gazprom Neft PJSC (MIC:SIBN) Gross Margin % : 59.92% (As of Jun. 2023)

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What is Gazprom Neft PJSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Gazprom Neft PJSC's Gross Profit for the three months ended in Jun. 2023 was ₽492,307 Mil. Gazprom Neft PJSC's Revenue for the three months ended in Jun. 2023 was ₽821,617 Mil. Therefore, Gazprom Neft PJSC's Gross Margin % for the quarter that ended in Jun. 2023 was 59.92%.

Warning Sign:

Gazprom Neft PJSC gross margin has been in long-term decline. The average rate of decline per year is -1.7%.

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

MIC:SIBN' s Gross Margin % Range Over the Past 10 Years
Min: 51.1 Med: 55.67 Max: 59.92
Current: 59.92

During the past 13 years, the highest Gross Margin % of Gazprom Neft PJSC was 59.92%. The lowest was 51.10%. And the median was 55.67%.

MIC:SIBN's Gross Margin % is ranked better than
83.08% of 928 companies
in the Oil & Gas industry
Industry Median: 27.825 vs MIC:SIBN: 59.92

Gazprom Neft PJSC had a gross margin of 59.92% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Gazprom Neft PJSC was -1.70% per year.

Gazprom Neft PJSC Gross Margin % Historical Data

The historical data trend for Gazprom Neft PJSC'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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Gazprom Neft PJSC Gross Margin % Chart

Gazprom Neft PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Gross Margin %

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57.95

58.97

55.53

51.10

54.20

Gazprom Neft PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Jun23
Gross Margin %	Get a 7-Day Free Trial															55.19	52.84	50.87	52.11	59.92

Competitive Comparison of Gazprom Neft PJSC's Gross Margin %

For the Oil & Gas Integrated subindustry, Gazprom Neft PJSC'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.

Gazprom Neft PJSC's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gazprom Neft PJSC's Gross Margin % falls into.

Gazprom Neft PJSC Gross Margin % Calculation

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

Gazprom Neft PJSC's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )	=	Gross Profit (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	1662956	/	3068442
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3068442 - 1405486)	/	3068442
	=	54.20 %

Gazprom Neft PJSC's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	492307	/	821617
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(821617 - 329310)	/	821617
	=	59.92 %

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.

Gazprom Neft PJSC (MIC:SIBN) 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

Gazprom Neft PJSC had a gross margin of 59.92% for the quarter that ended in Jun. 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.

Gazprom Neft PJSC Gross Margin % Related Terms

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Gazprom Neft PJSC (MIC:SIBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gazprom Neft PJSC (MIC:SIBN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5 Pochtamtskaya Street, Saint Petersburg, RUS, 190000

Website

https://www.gazprom-neft.com

Gazprom Neft PJSC is a vertically integrated oil company. The company along with its subsidiaries is engaged in the exploration, development of crude oil and gas as well as the production and sale of petroleum products. It operates in two segments namely; the exploration, development, and production of crude oil and natural gas, and oilfield services, and key revenue driver segment includes refining and marketing including processing crude into refined products and purchases, sells and transports crude and refined petroleum products.