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Eidesvik Offshore ASA (OSL:EIOF) Gross Margin % : 23.80% (As of Dec. 2023)


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What is Eidesvik Offshore ASA Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Eidesvik Offshore ASA's Gross Profit for the three months ended in Dec. 2023 was kr45.4 Mil. Eidesvik Offshore ASA's Revenue for the three months ended in Dec. 2023 was kr190.6 Mil. Therefore, Eidesvik Offshore ASA's Gross Margin % for the quarter that ended in Dec. 2023 was 23.80%.


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

OSL:EIOF' s Gross Margin % Range Over the Past 10 Years
Min: 37.39   Med: 50.03   Max: 63.51
Current: 63.16


During the past 13 years, the highest Gross Margin % of Eidesvik Offshore ASA was 63.51%. The lowest was 37.39%. And the median was 50.03%.

OSL:EIOF's Gross Margin % is ranked better than
85.88% of 928 companies
in the Oil & Gas industry
Industry Median: 27.825 vs OSL:EIOF: 63.16

Eidesvik Offshore ASA had a gross margin of 23.80% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Eidesvik Offshore ASA was 10.80% per year.


Eidesvik Offshore ASA Gross Margin % Historical Data

The historical data trend for Eidesvik Offshore ASA'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.

Eidesvik Offshore ASA Gross Margin % Chart

Eidesvik Offshore ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.75 38.98 48.92 63.35 63.16

Eidesvik Offshore ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial 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 18.88 74.61 78.41 79.62 23.80

Competitive Comparison of Eidesvik Offshore ASA's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Eidesvik Offshore ASA'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.


Eidesvik Offshore ASA's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Eidesvik Offshore ASA's Gross Margin % falls into.



Eidesvik Offshore ASA Gross Margin % Calculation

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

Eidesvik Offshore ASA'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 )
=441.8 / 699.459
=(Revenue - Cost of Goods Sold) / Revenue
=(699.459 - 257.662) / 699.459
=63.16 %

Eidesvik Offshore ASA'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 )
=45.4 / 190.636
=(Revenue - Cost of Goods Sold) / Revenue
=(190.636 - 145.271) / 190.636
=23.80 %

* 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.


Eidesvik Offshore ASA  (OSL:EIOF) 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

Eidesvik Offshore ASA had a gross margin of 23.80% for the quarter that ended in Dec. 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.


Eidesvik Offshore ASA Gross Margin % Related Terms

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


Eidesvik Offshore ASA (OSL:EIOF) Business Description

Traded in Other Exchanges
Address
Vestvikvegen 1, Bomlo, NOR, NO-5443
Eidesvik Offshore ASA is a Norway based shipping company engaged in offering services in the maritime sector. The group operates ships in the business areas of Seismic, Subsea, Supply and Other. The Seismic segment provides shipping services to customers that produce seismic data. The ships belonging to Seismic segment operates all over the world according to customer needs. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment supplies services to the oil industry offshore.

Eidesvik Offshore ASA (OSL:EIOF) Headlines

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