Argeo AS (OSL:ARGEO) Gross Margin % : 109.94% (As of Sep. 2023)

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What is Argeo AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Argeo AS's Gross Profit for the three months ended in Sep. 2023 was kr54.2 Mil. Argeo AS's Revenue for the three months ended in Sep. 2023 was kr49.3 Mil. Therefore, Argeo AS's Gross Margin % for the quarter that ended in Sep. 2023 was 109.94%.

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

OSL:ARGEO' s Gross Margin % Range Over the Past 10 Years
Min: 116.4 Med: 141.42 Max: 178.59
Current: 125.45

During the past 5 years, the highest Gross Margin % of Argeo AS was 178.59%. The lowest was 116.40%. And the median was 141.42%.

OSL:ARGEO's Gross Margin % is ranked better than
99.35% of 928 companies
in the Oil & Gas industry
Industry Median: 27.905 vs OSL:ARGEO: 125.45

Argeo AS had a gross margin of 109.94% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Argeo AS was 0.00% per year.

Argeo AS Gross Margin % Historical Data

The historical data trend for Argeo AS'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.

Argeo AS Gross Margin % Chart

Argeo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

116.40

141.42

178.59

Argeo AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial											145.41	178.14	120.19	138.25	109.94

Competitive Comparison of Argeo AS's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Argeo AS'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.

Argeo AS's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Argeo AS's Gross Margin % falls into.

Argeo AS Gross Margin % Calculation

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

Argeo AS'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 )
	=	59.8	/	33.497
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(33.497 - -26.326)	/	33.497
	=	178.59 %

Argeo AS'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 )
	=	54.2	/	49.345
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(49.345 - -4.904)	/	49.345
	=	109.94 %

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.

Argeo AS (OSL:ARGEO) 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

Argeo AS had a gross margin of 109.94% 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.

Argeo AS Gross Margin % Related Terms

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Argeo AS (OSL:ARGEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argeo AS (OSL:ARGEO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395

Website

https://www.argeo.no

Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

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