ADNOC Gas (ADX:ADNOCGAS) Gross Profit : د.إ17,234 Mil (TTM As of Dec. 2023)

ADNOC Gas Gross Profit Chart

Competitive Comparison of ADNOC Gas's Gross Profit

For the Oil & Gas Integrated subindustry, ADNOC Gas's Gross Profit, along with its competitors' market caps and Gross Profit 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.

ADNOC Gas's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADNOC Gas's Gross Profit falls into.

ADNOC Gas Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

ADNOC Gas's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

ADNOC Gas's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ17,234 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

ADNOC Gas's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

* 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.

ADNOC Gas  (ADX:ADNOCGAS) Gross Profit 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

ADNOC Gas had a gross margin of 26.20% for the quarter that ended in Dec. 2023 => Competition eroding margins

ADNOC Gas Gross Profit Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description