Okeanis Eco Tankers (Okeanis Eco Tankers) Gross Margin % : 42.11% (As of Dec. 2023)

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What is Okeanis Eco Tankers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Okeanis Eco Tankers's Gross Profit for the three months ended in Dec. 2023 was $38.6 Mil. Okeanis Eco Tankers's Revenue for the three months ended in Dec. 2023 was $91.7 Mil. Therefore, Okeanis Eco Tankers's Gross Margin % for the quarter that ended in Dec. 2023 was 42.11%.

The historical rank and industry rank for Okeanis Eco Tankers's Gross Margin % or its related term are showing as below:

ECO' s Gross Margin % Range Over the Past 10 Years
Min: 26.41 Med: 45.46 Max: 54.07
Current: 53.61

During the past 6 years, the highest Gross Margin % of Okeanis Eco Tankers was 54.07%. The lowest was 26.41%. And the median was 45.46%.

ECO's Gross Margin % is ranked better than
90.29% of 947 companies
in the Transportation industry
Industry Median: 20.12 vs ECO: 53.61

Okeanis Eco Tankers had a gross margin of 42.11% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Okeanis Eco Tankers was 0.00% per year.

Okeanis Eco Tankers Gross Margin % Historical Data

The historical data trend for Okeanis Eco Tankers'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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Okeanis Eco Tankers Gross Margin % Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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41.46

54.07

26.41

45.46

53.60

Okeanis Eco Tankers 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															57.86	62.45	60.71	44.66	42.11

Competitive Comparison of Okeanis Eco Tankers's Gross Margin %

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Okeanis Eco Tankers's Gross Margin % falls into.

Okeanis Eco Tankers Gross Margin % Calculation

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

Okeanis Eco Tankers'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 )
	=	221.4	/	413.097
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(413.097 - 191.685)	/	413.097
	=	53.60 %

Okeanis Eco Tankers'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 )
	=	38.6	/	91.671
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(91.671 - 53.066)	/	91.671
	=	42.11 %

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.

Okeanis Eco Tankers (NYSE:ECO) 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

Okeanis Eco Tankers had a gross margin of 42.11% 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.

Okeanis Eco Tankers Gross Margin % Related Terms

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Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.