Dorchester Minerals LP (Dorchester Minerals LP) Gross Margin % : 78.71% (As of Dec. 2023)

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What is Dorchester Minerals LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Dorchester Minerals LP's Gross Profit for the three months ended in Dec. 2023 was $39.7 Mil. Dorchester Minerals LP's Revenue for the three months ended in Dec. 2023 was $50.4 Mil. Therefore, Dorchester Minerals LP's Gross Margin % for the quarter that ended in Dec. 2023 was 78.71%.

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

DMLP' s Gross Margin % Range Over the Past 10 Years
Min: 57.18 Med: 75.94 Max: 81.28
Current: 76.49

During the past 13 years, the highest Gross Margin % of Dorchester Minerals LP was 81.28%. The lowest was 57.18%. And the median was 75.94%.

DMLP's Gross Margin % is ranked better than
92.66% of 926 companies
in the Oil & Gas industry
Industry Median: 27.845 vs DMLP: 76.49

Dorchester Minerals LP had a gross margin of 78.71% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Dorchester Minerals LP was 0.80% per year.

Dorchester Minerals LP Gross Margin % Historical Data

The historical data trend for Dorchester Minerals LP'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.

Dorchester Minerals LP Gross Margin % Chart

Dorchester Minerals LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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74.68

62.49

80.67

81.28

76.48

Dorchester Minerals LP Quarterly Data
	Mar19	Jun19	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															78.84	76.70	73.58	75.74	78.71

Competitive Comparison of Dorchester Minerals LP's Gross Margin %

For the Oil & Gas E&P subindustry, Dorchester Minerals LP'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.

Dorchester Minerals LP's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Dorchester Minerals LP's Gross Margin % falls into.

Dorchester Minerals LP Gross Margin % Calculation

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

Dorchester Minerals LP'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 )
	=	125.3	/	163.799
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(163.799 - 38.518)	/	163.799
	=	76.48 %

Dorchester Minerals LP'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 )
	=	39.7	/	50.419
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(50.419 - 10.735)	/	50.419
	=	78.71 %

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.

Dorchester Minerals LP (NAS:DMLP) 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

Dorchester Minerals LP had a gross margin of 78.71% for the quarter that ended in Dec. 2023 => Durable 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.

Dorchester Minerals LP Gross Margin % Related Terms

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

Dorchester Minerals LP (Dorchester Minerals LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dorchester Minerals LP (NAS:DMLP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3838 Oak Lawn Avenue, Suite 300, Dallas, TX, USA, 75219

Website

https://www.dmlp.net

Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonus, and others. It has leasehold interests in approximately 592 counties and parishes in around 28 states.

Executives

Dorchester Minerals Operating Lp	other: Entity Under Common Control	3838 OAK LAWN AVE, STE 300, DALLAS TX 75219
Bradley J Ehrman	officer: Chief Operating Officer	3838 OAK LAWN AVE, STE 300, DALLAS TX 75219
Leslie A Moriyama	officer: Chief Financial Officer	3838 OAK LAWN AVE, STE 300, DALLAS TX 75219
William Casey Mcmanemin	director, 10 percent owner, officer: Chief Executive Officer	C/O DORCHESTER MINERALS, L.P., 3838 OAK LAWN, SUITE 300, DALLAS TX 75219
Martha Rochelle	director	3838 OAK LAWN AVENUE, SUITE 300, DALLAS TX 75219
Allen H C Jr	director, officer: Chief Financial Officer	3838 OAK LAWN, SUITE 300, DALLAS TX 75219
Robert C Vaughn	director	3838 OAK LAWN AVENUE, SUITE 710, DALLAS TX 75219
Allen D Lassiter	director	25 HIGHLAND PARK VILLAGE, STE 100-780, DALLAS TX 75205
James E Raley	director, officer: CHIEF OPERATING OFFICER	9666 ATHERTON DRIVE, DALLAS TX 75243
Buford P Berry	director	1700 PACIFIC, SUITE 3300, DALLAS TX 75201
Charles William Russell	director	4695 N FM 2869, WINNSBORO TX 75494
Preston A Peak	director	3838 OAK LAWN AVENUE, SUITE 300, DALLAS TX 75219
Ronald Paul Trout	director	1241 MOHAWK TRAIL, RICHARDSON, RICHARDSON TX 75080
Lucent Technologies Inc. Master Pension Trust	10 percent owner	600 MOUNTAIN AVENUE, ROOM 7D-523, MURRAY HILL NJ 07974
Wolf Partners Red	10 percent owner	3738 OAK LAWN AVE STE 300, DALLAS TX 75201