PJSC Lukoil (MIC:LKOH) Gross Margin % : 25.85% (As of Sep. 2023)

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What is PJSC Lukoil Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PJSC Lukoil's Gross Profit for the three months ended in Sep. 2023 was ₽210,450 Mil. PJSC Lukoil's Revenue for the three months ended in Sep. 2023 was ₽813,962 Mil. Therefore, PJSC Lukoil's Gross Margin % for the quarter that ended in Sep. 2023 was 25.85%.

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

MIC:LKOH' s Gross Margin % Range Over the Past 10 Years
Min: 22.72 Med: 30.36 Max: 37.89
Current: 35.86

During the past 13 years, the highest Gross Margin % of PJSC Lukoil was 37.89%. The lowest was 22.72%. And the median was 30.36%.

MIC:LKOH's Gross Margin % is ranked better than
60.17% of 929 companies
in the Oil & Gas industry
Industry Median: 27.82 vs MIC:LKOH: 35.86

PJSC Lukoil had a gross margin of 25.85% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for PJSC Lukoil was 5.50% per year.

PJSC Lukoil Gross Margin % Historical Data

The historical data trend for PJSC Lukoil'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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PJSC Lukoil Gross Margin % Chart

PJSC Lukoil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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24.12

32.55

28.79

35.32

37.89

PJSC Lukoil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															29.24	33.32	32.07	50.04	25.85

Competitive Comparison of PJSC Lukoil's Gross Margin %

For the Oil & Gas Integrated subindustry, PJSC Lukoil'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.

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

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

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

PJSC Lukoil Gross Margin % Calculation

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

PJSC Lukoil's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	1089007.1	/	2874037.264
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2874037.264 - 1785030.171)	/	2874037.264
	=	37.89 %

PJSC Lukoil's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	210449.6	/	813962.099
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(813962.099 - 603512.536)	/	813962.099
	=	25.85 %

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.

PJSC Lukoil (MIC:LKOH) 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

PJSC Lukoil had a gross margin of 25.85% for the quarter that ended in Sep. 2023 => Competition eroding margins

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.

PJSC Lukoil Gross Margin % Related Terms

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PJSC Lukoil (MIC:LKOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PJSC Lukoil (MIC:LKOH) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11, Sretensky Boulevard, Moscow, RUS, 101000

Website

https://www.lukoil.com

PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.

PJSC Lukoil (MIC:LKOH) Headlines

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