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Tourmaline Oil (TSX:TOU) Gross Margin % : 64.75% (As of Mar. 2024)


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What is Tourmaline Oil Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tourmaline Oil's Gross Profit for the three months ended in Mar. 2024 was C$1,006 Mil. Tourmaline Oil's Revenue for the three months ended in Mar. 2024 was C$1,554 Mil. Therefore, Tourmaline Oil's Gross Margin % for the quarter that ended in Mar. 2024 was 64.75%.


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

TSX:TOU' s Gross Margin % Range Over the Past 10 Years
Min: 31.33   Med: 54.35   Max: 74.95
Current: 66.24


During the past 13 years, the highest Gross Margin % of Tourmaline Oil was 74.95%. The lowest was 31.33%. And the median was 54.35%.

TSX:TOU's Gross Margin % is ranked better than
87.51% of 929 companies
in the Oil & Gas industry
Industry Median: 27.82 vs TSX:TOU: 66.24

Tourmaline Oil had a gross margin of 64.75% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tourmaline Oil was 6.60% per year.


Tourmaline Oil Gross Margin % Historical Data

The historical data trend for Tourmaline Oil'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.

Tourmaline Oil Gross Margin % Chart

Tourmaline Oil 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 54.63 41.61 74.95 73.00 68.41

Tourmaline Oil 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 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 71.99 65.47 68.32 66.41 64.75

Competitive Comparison of Tourmaline Oil's Gross Margin %

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.


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

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

* The bar in red indicates where Tourmaline Oil's Gross Margin % falls into.



Tourmaline Oil Gross Margin % Calculation

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

Tourmaline Oil'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 )
=4270.4 / 6242.24
=(Revenue - Cost of Goods Sold) / Revenue
=(6242.24 - 1971.869) / 6242.24
=68.41 %

Tourmaline Oil'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 )
=1006.1 / 1553.738
=(Revenue - Cost of Goods Sold) / Revenue
=(1553.738 - 547.642) / 1553.738
=64.75 %

* 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.


Tourmaline Oil  (TSX:TOU) 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

Tourmaline Oil had a gross margin of 64.75% for the quarter that ended in Mar. 2024 => 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.


Tourmaline Oil Gross Margin % Related Terms

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Tourmaline Oil (TSX:TOU) Business Description

Traded in Other Exchanges
Address
250 - 6th Avenue S.W., Suite 2900, Calgary, AB, CAN, T2P 3H7
Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

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