OMV AG (OMV AG) Gross Profit : $8,563 Mil (TTM As of Dec. 2023)

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What is OMV AG Gross Profit?

OMV AG's gross profit for the three months ended in Dec. 2023 was $2,443 Mil. OMV AG's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $8,563 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. OMV AG's gross profit for the three months ended in Dec. 2023 was $2,443 Mil. OMV AG's Revenue for the three months ended in Dec. 2023 was $10,956 Mil. Therefore, OMV AG's Gross Margin % for the quarter that ended in Dec. 2023 was 22.30%.

OMV AG had a gross margin of 22.30% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of OMV AG was 24.17%. The lowest was 0.12%. And the median was 20.30%.

OMV AG Gross Profit Historical Data

The historical data trend for OMV AG's Gross Profit 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.

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OMV AG Gross Profit Chart

OMV AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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6,084.44

3,371.05

9,710.73

15,171.61

8,585.61

OMV AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															2,283.90	2,150.96	1,790.90	2,178.23	2,442.75

Competitive Comparison of OMV AG's Gross Profit

For the Oil & Gas Integrated subindustry, OMV AG'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.

OMV AG's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where OMV AG's Gross Profit falls into.

OMV AG Gross Profit Calculation

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

OMV AG's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	43034.896	-	34449.291
	=	8,586

OMV AG's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	10956.379	-	8513.631
	=	2,443

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,563 Mil.

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

OMV AG'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	2,443	/	10956.379
	=	22.30 %

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.

OMV AG (OTCPK:OMVJF) 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

OMV AG had a gross margin of 22.30% for the quarter that ended in Dec. 2023 => Competition eroding margins

OMV AG Gross Profit Related Terms

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OMV AG (OMV AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

OMVKY:USA OMVv:UK 0MKH:UK OMV:Germany OMV:Czech Republic OMV:Austria

Address

Trabrennstrasse 6 - 8, Vienna, AUT, 1020

Website

https://www.omv.com

OMV AG is an international, integrated oil and gas company that operates in the Exploration & Production, Refining & Marketing, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. Exploration & Production (E&P) engages in the business of oil and gas exploration, development and production and focuses on the regions Central and Eastern Europe, North Sea, Middle East and Africa, and Asia-Pacific. The Refining & Marketing (R&M) Business Segment refines and markets crude and other feedstock. The Chemicals & Materials (C&M) Business Segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling.