PetroVietnam Gas JSC (STC:GAS) Gross Margin % : 15.83% (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is PetroVietnam Gas JSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PetroVietnam Gas JSC's Gross Profit for the three months ended in Mar. 2024 was ₫3,691,115 Mil. PetroVietnam Gas JSC's Revenue for the three months ended in Mar. 2024 was ₫23,314,998 Mil. Therefore, PetroVietnam Gas JSC's Gross Margin % for the quarter that ended in Mar. 2024 was 15.83%.

Warning Sign:

PetroVietnam Gas JSC gross margin has been in long-term decline. The average rate of decline per year is -3.5%.

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

STC:GAS' s Gross Margin % Range Over the Past 10 Years
Min: 17.14 Med: 21 Max: 27.45
Current: 17.14

During the past 13 years, the highest Gross Margin % of PetroVietnam Gas JSC was 27.45%. The lowest was 17.14%. And the median was 21.00%.

STC:GAS's Gross Margin % is ranked worse than
63.83% of 929 companies
in the Oil & Gas industry
Industry Median: 27.93 vs STC:GAS: 17.14

PetroVietnam Gas JSC had a gross margin of 15.83% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PetroVietnam Gas JSC was -3.50% per year.

PetroVietnam Gas JSC Gross Margin % Historical Data

The historical data trend for PetroVietnam Gas JSC'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.

PetroVietnam Gas JSC Gross Margin % Chart

PetroVietnam Gas JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

22.56

17.78

17.71

21.16

18.82

PetroVietnam Gas JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															22.83	18.06	16.64	17.98	15.83

Competitive Comparison of PetroVietnam Gas JSC's Gross Margin %

For the Oil & Gas Integrated subindustry, PetroVietnam Gas JSC'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.

PetroVietnam Gas JSC's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroVietnam Gas JSC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PetroVietnam Gas JSC's Gross Margin % falls into.

PetroVietnam Gas JSC Gross Margin % Calculation

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

PetroVietnam Gas JSC'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 )
	=	16924921.5	/	89953906.513
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(89953906.513 - 73028985.057)	/	89953906.513
	=	18.82 %

PetroVietnam Gas JSC's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3691114.7	/	23314997.604
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(23314997.604 - 19623882.865)	/	23314997.604
	=	15.83 %

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.

PetroVietnam Gas JSC (STC:GAS) 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

PetroVietnam Gas JSC had a gross margin of 15.83% for the quarter that ended in Mar. 2024 => 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.

PetroVietnam Gas JSC Gross Margin % Related Terms

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

PetroVietnam Gas JSC (STC:GAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroVietnam Gas JSC (STC:GAS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 673 Nguyen Huu Tho Street, 12th, 12Ath, 14th, 15th Floor, PV Gas Building, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City, VNM

Website

https://www.pvgas.com.vn

PetroVietnam Gas JSC is a Vietnam-based company which is active in the oil and gas industry. The principal activities of the company are to collect, import, transport, store, process, distribute, trade gas and gas products. It is engaged in distributing, trading gas and dry gas products, LNG (liquefied natural gas), CNG (Compressed natural gas), LPG (Liquefied Petroleum Gas) and condensates for industrial and household use as well as managing, operating, maintaining and restoring all gas works. The company also provides services in the gas industry such as renovating, maintaining, and restoring engines, installing conversion equipment for means of transport and agriculture, forestry and others. It operates its business across the Vietnam.