Argeo AS (OSL:ARGEO) Gross Profit : kr-27.3 Mil (TTM As of Mar. 2024)

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What is Argeo AS Gross Profit?

Argeo AS's gross profit for the three months ended in Mar. 2024 was kr43.9 Mil. Argeo AS's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was kr-27.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Argeo AS's gross profit for the three months ended in Mar. 2024 was kr43.9 Mil. Argeo AS's Revenue for the three months ended in Mar. 2024 was kr100.5 Mil. Therefore, Argeo AS's Gross Margin % for the quarter that ended in Mar. 2024 was 43.72%.

Argeo AS had a gross margin of 43.72% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 6 years, the highest Gross Margin % of Argeo AS was 116.43%. The lowest was -76.10%. And the median was -53.31%.

Argeo AS Gross Profit Historical Data

The historical data trend for Argeo AS'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.

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Argeo AS Gross Profit Chart

Argeo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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2.55

14.13

-12.21

-21.64

-46.59

Argeo AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial													-2.67	35.08	51.97	-158.30	43.92

Competitive Comparison of Argeo AS's Gross Profit

For the Oil & Gas Equipment & Services subindustry, Argeo AS'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.

Argeo AS's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Argeo AS's Gross Profit falls into.

Argeo AS Gross Profit Calculation

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

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

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	106.813	-	153.399
	=	-46.6

Argeo AS's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	100.465	-	56.542
	=	43.9

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 kr-27.3 Mil.

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

Argeo AS'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	43.9	/	100.465
	=	43.72 %

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.

Argeo AS (OSL:ARGEO) 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

Argeo AS had a gross margin of 43.72% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Argeo AS Gross Profit Related Terms

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Argeo AS (OSL:ARGEO) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

8W2:Germany

Address

Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395

Website

https://www.argeo.no

Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

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