Ghana Oil Co (XGHA:GOIL) Gross Margin % : 3.08% (As of Dec. 2022)

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What is Ghana Oil Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ghana Oil Co's Gross Profit for the six months ended in Dec. 2022 was GHS639 Mil. Ghana Oil Co's Revenue for the six months ended in Dec. 2022 was GHS20,744 Mil. Therefore, Ghana Oil Co's Gross Margin % for the quarter that ended in Dec. 2022 was 3.08%.

Warning Sign:

Ghana Oil Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -5.4%.

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

XGHA:GOIL' s Gross Margin % Range Over the Past 10 Years
Min: 3.08 Med: 5.61 Max: 7.62
Current: 3.08

During the past 13 years, the highest Gross Margin % of Ghana Oil Co was 7.62%. The lowest was 3.08%. And the median was 5.61%.

XGHA:GOIL's Gross Margin % is ranked worse than
90.85% of 929 companies
in the Oil & Gas industry
Industry Median: 27.83 vs XGHA:GOIL: 3.08

Ghana Oil Co had a gross margin of 3.08% for the quarter that ended in Dec. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ghana Oil Co was -5.40% per year.

Ghana Oil Co Gross Margin % Historical Data

The historical data trend for Ghana Oil 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.

* Premium members only.

Ghana Oil Co Gross Margin % Chart

Ghana Oil Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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5.64

5.91

7.62

6.04

3.08

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Gross Margin %	Get a 7-Day Free Trial									5.64	5.91	7.62	6.04	3.08

Competitive Comparison of Ghana Oil Co's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil 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.

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

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

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

Ghana Oil Co Gross Margin % Calculation

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

Ghana Oil Co'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 )
	=	639.2	/	20744.046
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(20744.046 - 20104.861)	/	20744.046
	=	3.08 %

Ghana Oil Co's Gross Margin for the quarter that ended in Dec. 2022 is calculated as

Gross Margin % (Q: Dec. 2022 )	=	Gross Profit (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	639.2	/	20744.046
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(20744.046 - 20104.861)	/	20744.046
	=	3.08 %

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.

Ghana Oil Co (XGHA:GOIL) 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

Ghana Oil Co had a gross margin of 3.08% for the quarter that ended in Dec. 2022 => 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.

Ghana Oil Co Gross Margin % Related Terms

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

Ghana Oil Co (XGHA:GOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

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