Imperial Oil (Imperial Oil) Gross Margin %

: 15.41% (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Imperial Oil's Gross Profit for the three months ended in Dec. 2023 was $1,423 Mil. Imperial Oil's Revenue for the three months ended in Dec. 2023 was $9,233 Mil. Therefore, Imperial Oil's Gross Margin % for the quarter that ended in Dec. 2023 was 15.41%.

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

IMO' s Gross Margin % Range Over the Past 10 Years
Min: -7.66 Med: 11.78 Max: 17.81
Current: 14.73

During the past 13 years, the highest Gross Margin % of Imperial Oil was 17.81%. The lowest was -7.66%. And the median was 11.78%.

IMO's Gross Margin % is ranked worse than
69.26% of 924 companies
in the Oil & Gas industry
Industry Median: 27.905 vs IMO: 14.73

Imperial Oil had a gross margin of 15.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Imperial Oil was 0.00% per year.

Imperial Oil Gross Margin % Historical Data

The historical data trend for Imperial Oil'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.

Imperial Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

9.72

-7.66

11.56

17.81

14.73

Imperial Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																18.17	15.65	9.60	17.63	15.41

Competitive Comparison

For the Oil & Gas Integrated subindustry, Imperial Oil'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.

Imperial Oil Gross Margin % Distribution

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

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

Imperial Oil Gross Margin % Calculation

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

Imperial Oil's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	5303.4	/	36001.789
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(36001.789 - 30698.42)	/	36001.789
	=	14.73 %

Imperial Oil's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1422.9	/	9233.005
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9233.005 - 7810.077)	/	9233.005
	=	15.41 %

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.

Imperial Oil (AMEX:IMO) 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

Imperial Oil had a gross margin of 15.41% for the quarter that ended in Dec. 2023 => 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.

Imperial Oil Gross Margin % Related Terms

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

Imperial Oil (Imperial Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (AMEX:IMO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

IMP:Germany IMO:Canada

Address

505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1

Website

https://www.imperialoil.ca

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.