Itochu Enex Co (TSE:8133) Gross Margin % : 8.64% (As of Mar. 2024)

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What is Itochu Enex Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Itochu Enex Co's Gross Profit for the three months ended in Mar. 2024 was 円21,940 Mil. Itochu Enex Co's Revenue for the three months ended in Mar. 2024 was 円253,928 Mil. Therefore, Itochu Enex Co's Gross Margin % for the quarter that ended in Mar. 2024 was 8.64%.

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

TSE:8133' s Gross Margin % Range Over the Past 10 Years
Min: 8.36 Med: 9.42 Max: 13.47
Current: 9.2

During the past 13 years, the highest Gross Margin % of Itochu Enex Co was 13.47%. The lowest was 8.36%. And the median was 9.42%.

TSE:8133's Gross Margin % is ranked worse than
79.22% of 929 companies
in the Oil & Gas industry
Industry Median: 27.83 vs TSE:8133: 9.20

Itochu Enex Co had a gross margin of 8.64% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Itochu Enex Co was -0.10% per year.

Itochu Enex Co Gross Margin % Historical Data

The historical data trend for Itochu Enex Co'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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Itochu Enex Co Gross Margin % Chart

Itochu Enex Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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9.63

11.76

8.93

8.85

9.20

Itochu Enex Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															9.02	9.84	9.05	9.35	8.64

Competitive Comparison of Itochu Enex Co's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, Itochu Enex Co'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.

Itochu Enex Co's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Itochu Enex Co's Gross Margin % falls into.

Itochu Enex Co Gross Margin % Calculation

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

Itochu Enex Co's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	88612	/	963302
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(963302 - 874690)	/	963302
	=	9.20 %

Itochu Enex Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	21940	/	253928
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(253928 - 231988)	/	253928
	=	8.64 %

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.

Itochu Enex Co (TSE:8133) 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

Itochu Enex Co had a gross margin of 8.64% for the quarter that ended in Mar. 2024 => No sustainable 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.

Itochu Enex Co Gross Margin % Related Terms

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Itochu Enex Co (TSE:8133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Itochu Enex Co Ltd (TSE:8133) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

96P:Germany

Address

3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 100-6028

Website

http://www.itcenex.com

Itochu Enex Co Ltd is a Japan-based energy provider that operates through a host of businesses. The company's operations are divided into the following segments: home-life, power and utility, car-life, and energy trade. Through these businesses, Itochu supplies its customer base in Japan with LP gas and town gas for homes and businesses. The company also sells a range of automotive fuels through its car-life stations. Alongside the car-life stations, under the car-life Division, Itochu Enex houses a car dealer and credit card business. Through separate divisions, the company operates electric-power-related and heat-supply businesses, along with selling a variety of petroleum products for industrial and marine use.

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