West Texas Resources (West Texas Resources) Gross Profit : $-0.00 Mil (TTM As of Sep. 2023)

West Texas Resources Gross Profit Chart

West Texas Resources Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Sep22	Sep23
Gross Profit	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of West Texas Resources's Gross Profit

For the Oil & Gas E&P subindustry, West Texas Resources'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.

West Texas Resources's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where West Texas Resources's Gross Profit falls into.

West Texas Resources Gross Profit Calculation

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

West Texas Resources's Gross Profit for the fiscal year that ended in Sep. 2016 is calculated as

West Texas Resources's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.00 Mil.

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

West Texas Resources's Gross Margin % for the quarter that ended in Sep. 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.

West Texas Resources  (OTCPK:WTXR) 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

West Texas Resources had a gross margin of % for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

West Texas Resources Gross Profit Related Terms

Thank you for viewing the detailed overview of West Texas Resources's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

West Texas Resources (West Texas Resources) Business Description