ADNOC Logistics & Services (ADX:ADNOCLS) Gross Margin % : 24.33% (As of Dec. 2022)

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What is ADNOC Logistics & Services Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ADNOC Logistics & Services's Gross Profit for the six months ended in Dec. 2022 was د.إ2,044 Mil. ADNOC Logistics & Services's Revenue for the six months ended in Dec. 2022 was د.إ8,401 Mil. Therefore, ADNOC Logistics & Services's Gross Margin % for the quarter that ended in Dec. 2022 was 24.33%.

The historical rank and industry rank for ADNOC Logistics & Services's Gross Margin % or its related term are showing as below:

ADX:ADNOCLS' s Gross Margin % Range Over the Past 10 Years
Min: 19.03 Med: 21.68 Max: 24.33
Current: 24.33

During the past 2 years, the highest Gross Margin % of ADNOC Logistics & Services was 24.33%. The lowest was 19.03%. And the median was 21.68%.

ADX:ADNOCLS's Gross Margin % is ranked better than
60.53% of 950 companies
in the Transportation industry
Industry Median: 20.1 vs ADX:ADNOCLS: 24.33

ADNOC Logistics & Services had a gross margin of 24.33% for the quarter that ended in Dec. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ADNOC Logistics & Services was 0.00% per year.

ADNOC Logistics & Services Gross Margin % Historical Data

The historical data trend for ADNOC Logistics & Services'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.

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ADNOC Logistics & Services Gross Margin % Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Gross Margin %

19.03

24.33

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22
Gross Margin %	19.03	24.33

Competitive Comparison of ADNOC Logistics & Services's Gross Margin %

For the Marine Shipping subindustry, ADNOC Logistics & Services'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.

ADNOC Logistics & Services's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's Gross Margin % falls into.

ADNOC Logistics & Services Gross Margin % Calculation

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

ADNOC Logistics & Services's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	2044.2	/	8401.01
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8401.01 - 6356.85)	/	8401.01
	=	24.33 %

ADNOC Logistics & Services's Gross Margin for the quarter that ended in Dec. 2022 is calculated as

Gross Margin % (Q: Dec. 2022 )	=	Gross Profit (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	2044.2	/	8401.01
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8401.01 - 6356.85)	/	8401.01
	=	24.33 %

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.

ADNOC Logistics & Services (ADX:ADNOCLS) 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

ADNOC Logistics & Services had a gross margin of 24.33% for the quarter that ended in Dec. 2022 => Competition eroding margins

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.

ADNOC Logistics & Services Gross Margin % Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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