PTT Oil and Retail Business PCL (BKK:OR) Gross Margin % : 4.40% (As of Dec. 2023)

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What is PTT Oil and Retail Business PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PTT Oil and Retail Business PCL's Gross Profit for the three months ended in Dec. 2023 was ฿8,475 Mil. PTT Oil and Retail Business PCL's Revenue for the three months ended in Dec. 2023 was ฿192,542 Mil. Therefore, PTT Oil and Retail Business PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 4.40%.

Warning Sign:

PTT Oil and Retail Business PCL gross margin has been in long-term decline. The average rate of decline per year is -2%.

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

BKK:OR' s Gross Margin % Range Over the Past 10 Years
Min: 4.95 Med: 5.63 Max: 7.72
Current: 5.27

During the past 6 years, the highest Gross Margin % of PTT Oil and Retail Business PCL was 7.72%. The lowest was 4.95%. And the median was 5.63%.

BKK:OR's Gross Margin % is ranked worse than
86.5% of 926 companies
in the Oil & Gas industry
Industry Median: 27.845 vs BKK:OR: 5.27

PTT Oil and Retail Business PCL had a gross margin of 4.40% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PTT Oil and Retail Business PCL was -2.00% per year.

PTT Oil and Retail Business PCL Gross Margin % Historical Data

The historical data trend for PTT Oil and Retail Business PCL'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.

PTT Oil and Retail Business PCL Gross Margin % Chart

PTT Oil and Retail Business PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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5.90

7.72

7.07

4.95

5.27

PTT Oil and Retail Business PCL Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial														3.25	5.19	5.35	6.16	4.40

Competitive Comparison of PTT Oil and Retail Business PCL's Gross Margin %

For the Oil & Gas Refining & Marketing subindustry, PTT Oil and Retail Business PCL'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.

PTT Oil and Retail Business PCL's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PTT Oil and Retail Business PCL's Gross Margin % falls into.

PTT Oil and Retail Business PCL Gross Margin % Calculation

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

PTT Oil and Retail Business PCL'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 )
	=	40555.2	/	769224
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(769224 - 728668.765)	/	769224
	=	5.27 %

PTT Oil and Retail Business PCL'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 )
	=	8475	/	192541.635
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(192541.635 - 184066.659)	/	192541.635
	=	4.40 %

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.

PTT Oil and Retail Business PCL (BKK:OR) 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

PTT Oil and Retail Business PCL had a gross margin of 4.40% 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.

PTT Oil and Retail Business PCL Gross Margin % Related Terms

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PTT Oil and Retail Business PCL (BKK:OR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PTT Oil and Retail Business PCL (BKK:OR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

OR-F:Thailand 7F8:Germany

Address

Vibhavadi Rangsit Road, 555/2 Energy Complex, Building B, 12th Floor, Khwaeng Chatuchak, Bangkok, THA, 10900

Website

https://www.pttplc.com

PTT Oil and Retail Business PCL operate in the oil and gas refining and marketing sector. The company is engaged in the distribution of petroleum products and retailing of non-oil products and services in both domestic and international markets. Its segments include Mobility Business; Lifestyle Business and Global Business. The firm invests in companies that are engaged in the management of retail fuel service stations, convenience stores, and space management in retail fuel service stations.