PhosAgro PJSC (MIC:PHOR) Gross Margin % : 46.41% (As of Sep. 2023)

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What is PhosAgro PJSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PhosAgro PJSC's Gross Profit for the three months ended in Sep. 2023 was ₽53,892 Mil. PhosAgro PJSC's Revenue for the three months ended in Sep. 2023 was ₽116,133 Mil. Therefore, PhosAgro PJSC's Gross Margin % for the quarter that ended in Sep. 2023 was 46.41%.

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

MIC:PHOR' s Gross Margin % Range Over the Past 10 Years
Min: 34.34 Med: 46.03 Max: 56.22
Current: 45.26

During the past 13 years, the highest Gross Margin % of PhosAgro PJSC was 56.22%. The lowest was 34.34%. And the median was 46.03%.

MIC:PHOR's Gross Margin % is ranked better than
85.47% of 234 companies
in the Agriculture industry
Industry Median: 23.015 vs MIC:PHOR: 45.26

PhosAgro PJSC had a gross margin of 46.41% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PhosAgro PJSC was 2.10% per year.

PhosAgro PJSC Gross Margin % Historical Data

The historical data trend for PhosAgro 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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PhosAgro PJSC Gross Margin % Chart

PhosAgro PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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46.85

45.10

34.34

47.96

52.76

PhosAgro PJSC 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															49.35	49.48	44.64	39.84	46.41

Competitive Comparison of PhosAgro PJSC's Gross Margin %

For the Agricultural Inputs subindustry, PhosAgro 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.

PhosAgro PJSC's Gross Margin % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, PhosAgro PJSC's Gross Margin % distribution charts can be found below:

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

PhosAgro PJSC Gross Margin % Calculation

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

PhosAgro PJSC'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 )
	=	300509	/	569527
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(569527 - 269018)	/	569527
	=	52.76 %

PhosAgro PJSC'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 )
	=	53892	/	116133
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(116133 - 62241)	/	116133
	=	46.41 %

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.

PhosAgro PJSC (MIC:PHOR) 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

PhosAgro PJSC had a gross margin of 46.41% for the quarter that ended in Sep. 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.

PhosAgro PJSC Gross Margin % Related Terms

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

PhosAgro PJSC (MIC:PHOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PhosAgro PJSC (MIC:PHOR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Leninsky Prospekt, Apartment 55/1, Building 1, Moscow, RUS, 119333

Website

https://www.phosagro.com

PhosAgro PJSC produces and distributes fertilizer to the agricultural industry. The company has two segments organized by product: phosphate and nitrogen. The phosphate segment mines apatite-nepheline ore and then processes the ore into sulfate of potash fertilizer. The nitrogen segment produces nitrogen and ammonia-based fertilizers. To compete on cost, the firm controls its logistics operations through the ownership of ships, ports, and railroad cars. It generates revenue throughout the world, with Russia and Europe being its biggest markets.

PhosAgro PJSC (MIC:PHOR) Headlines

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