Aker BioMarine ASA's gross profit for the
three
months ended in Mar. 2024 was kr238 Mil. Aker BioMarine ASA's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was kr1,222 Mil.
Aker BioMarine ASA had a gross margin of 28.61% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 12 years, the highestGross Margin % of Aker BioMarine ASA was 75.48%. The lowest was 33.23%. And the median was 40.40%.
Warning Sign:
Aker BioMarine ASA gross margin has been in long-term decline. The average rate of decline per year is -2.8%.
Aker BioMarine ASA Gross Profit Historical Data
The historical data trend for Aker BioMarine ASA's Gross Profit 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.
Competitive Comparison of Aker BioMarine ASA's Gross Profit
For the Packaged Foods subindustry, Aker BioMarine ASA'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.
Aker BioMarine ASA's Gross Profit Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Aker BioMarine ASA's Gross Profit distribution charts can be found below:
* The bar in red indicates where Aker BioMarine ASA's Gross Profit falls into.
Aker BioMarine ASA Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Aker BioMarine ASA's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr1,222 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
Aker BioMarine ASA had a gross margin of 28.61% for the quarter that ended in Mar. 2024 => Competition eroding margins
Aker BioMarine ASA Gross Profit Related Terms
Thank you for viewing the detailed overview of Aker BioMarine ASA's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Aker BioMarine ASA (OSL:AKBM) Business Description
Aker BioMarine ASA is a supplier of krill-derived products, with a fully owned supply chain. The operations of the company span from harvesting krill in Antarctica with vessels owned by the company including distribution worldwide from Uruguay, and further processing of the krill into oil products in the United States. The segments of the company include 1) The Ingredients segment involves offshore harvesting and production, logistical operations, and onshore manufacturing and sales of krill-derived products. 2) The Brands segment focuses on human consumer goods, with Lang Pharma Nutrition (Lang) and Epion as its two main components. Lang produces and distributes private-label vitamins and supplements to retailers in the U.S. market and Epion is Aker BioMarine's consumer brand company.
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