Performance Shipping (Performance Shipping) Gross Margin % : 55.32% (As of Dec. 2023)

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What is Performance Shipping Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Performance Shipping's Gross Profit for the three months ended in Dec. 2023 was $13.2 Mil. Performance Shipping's Revenue for the three months ended in Dec. 2023 was $23.8 Mil. Therefore, Performance Shipping's Gross Margin % for the quarter that ended in Dec. 2023 was 55.32%.

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

PSHG' s Gross Margin % Range Over the Past 10 Years
Min: -38.95 Med: 29.98 Max: 62.35
Current: 62.35

During the past 13 years, the highest Gross Margin % of Performance Shipping was 62.35%. The lowest was -38.95%. And the median was 29.98%.

PSHG's Gross Margin % is ranked better than
93.98% of 947 companies
in the Transportation industry
Industry Median: 20.12 vs PSHG: 62.35

Performance Shipping had a gross margin of 55.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Performance Shipping was 0.00% per year.

Performance Shipping Gross Margin % Historical Data

The historical data trend for Performance Shipping'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.

Performance Shipping Gross Margin % Chart

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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30.73

29.98

-6.82

49.49

62.35

Performance Shipping 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															64.72	64.88	68.40	58.31	55.32

Competitive Comparison of Performance Shipping's Gross Margin %

For the Marine Shipping subindustry, Performance Shipping'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.

Performance Shipping's Gross Margin % Distribution in the Transportation Industry

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

* The bar in red indicates where Performance Shipping's Gross Margin % falls into.

Performance Shipping Gross Margin % Calculation

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

Performance Shipping'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 )
	=	67.9	/	108.938
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(108.938 - 41.017)	/	108.938
	=	62.35 %

Performance Shipping'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 )
	=	13.2	/	23.84
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(23.84 - 10.652)	/	23.84
	=	55.32 %

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.

Performance Shipping (NAS:PSHG) 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

Performance Shipping had a gross margin of 55.32% 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.

Performance Shipping Gross Margin % Related Terms

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Performance Shipping (Performance Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Performance Shipping Inc (NAS:PSHG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

DS2:Germany DS2:Germany

Address

373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64

Website

https://www.pshipping.com

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Executives

Gyllenhammar Ab Peter

10 percent owner

LINNEGATAN 18, STOCKHOLM V7 11447