GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Industries Inc (NYSE:HE) » Definitions » Gross Margin %

Hawaiian Electric Industries (Hawaiian Electric Industries) Gross Margin % : 9.51% (As of Dec. 2023)


View and export this data going back to 1983. Start your Free Trial

What is Hawaiian Electric Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hawaiian Electric Industries's Gross Profit for the three months ended in Dec. 2023 was $91 Mil. Hawaiian Electric Industries's Revenue for the three months ended in Dec. 2023 was $956 Mil. Therefore, Hawaiian Electric Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 9.51%.

Warning Sign:

Hawaiian Electric Industries Inc gross margin has been in long-term decline. The average rate of decline per year is -3.9%.


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

HE' s Gross Margin % Range Over the Past 10 Years
Min: 9.58   Med: 12.09   Max: 14.95
Current: 9.58


During the past 13 years, the highest Gross Margin % of Hawaiian Electric Industries was 14.95%. The lowest was 9.58%. And the median was 12.09%.

HE's Gross Margin % is ranked worse than
87.28% of 503 companies
in the Utilities - Regulated industry
Industry Median: 28.6 vs HE: 9.58

Hawaiian Electric Industries had a gross margin of 9.51% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hawaiian Electric Industries was -3.90% per year.


Hawaiian Electric Industries Gross Margin % Historical Data

The historical data trend for Hawaiian Electric Industries'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.

Hawaiian Electric Industries Gross Margin % Chart

Hawaiian Electric Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.11 12.07 13.54 10.18 9.58

Hawaiian Electric Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.13 10.07 10.38 8.33 9.51

Competitive Comparison of Hawaiian Electric Industries's Gross Margin %

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries'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.


Hawaiian Electric Industries's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hawaiian Electric Industries's Gross Margin % falls into.



Hawaiian Electric Industries Gross Margin % Calculation

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

Hawaiian Electric Industries'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 )
=352.6 / 3682.166
=(Revenue - Cost of Goods Sold) / Revenue
=(3682.166 - 3329.562) / 3682.166
=9.58 %

Hawaiian Electric Industries'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 )
=91 / 956.371
=(Revenue - Cost of Goods Sold) / Revenue
=(956.371 - 865.375) / 956.371
=9.51 %

* 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.


Hawaiian Electric Industries  (NYSE:HE) 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

Hawaiian Electric Industries had a gross margin of 9.51% 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.


Hawaiian Electric Industries Gross Margin % Related Terms

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


Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description

Traded in Other Exchanges
Address
1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.
Executives
Scott Deghetto officer: EVP, CFO & Treasurer P.O. BOX 730, HONOLULU HI 96808
Bruce Tamashiro officer: Controller, PAO P.O. BOX 730, HONOLULU HI 96808
Keith P Russell director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Yoko Otani director P.O. BOX 730, HONOLULU HI 96808
Michael J. Kennedy director P.O. BOX 730, HONOLULU HI 96808
Elisia Flores director PO BOX 730, HONOLULU HI 96808
Gregory C Hazelton officer: SVP - Finance 220 NW SECOND AVENUE, PORTLAND OR 97209
Lau Constance H director, officer: President C/O HAWAIIAN ELECTRIC INDUSTRIES, INC., P O BOX 730, HONOLULIU HI 96808
Ann Teranishi officer: Pres & CEO, Amer Savings Bank P.O. BOX 730, HONOLULU HI 96813
Kimura Shelee M.t. officer: Pres & CEO, Hawn Electric Co. C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Spring Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Spring Master Fund A, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Richard F Wacker officer: Pres & CEO, Amer Savings Bank
Seu Scott W.h. officer: Pres & CEO, Hawn Electric C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129

Hawaiian Electric Industries (Hawaiian Electric Industries) Headlines

From GuruFocus

Hawaiian Electric's Waiau Repower Project Selected

By Business Wire 12-11-2023