UK Oil & Gas (LSE:UKOG) Gross Profit : £0.28 Mil (TTM As of Sep. 2023)

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What is UK Oil & Gas Gross Profit?

UK Oil & Gas's gross profit for the six months ended in Sep. 2023 was £-0.07 Mil. UK Oil & Gas's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was £0.28 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. UK Oil & Gas's gross profit for the six months ended in Sep. 2023 was £-0.07 Mil. UK Oil & Gas's Revenue for the six months ended in Sep. 2023 was £0.65 Mil. Therefore, UK Oil & Gas's Gross Margin % for the quarter that ended in Sep. 2023 was -10.80%.

UK Oil & Gas had a gross margin of -10.80% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of UK Oil & Gas was 56.89%. The lowest was -179.52%. And the median was -12.10%.

UK Oil & Gas Gross Profit Historical Data

The historical data trend for UK Oil & Gas'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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UK Oil & Gas Gross Profit Chart

UK Oil & Gas Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Profit

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-0.11

-1.63

-0.19

0.31

0.28

UK Oil & Gas Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Profit	Get a 7-Day Free Trial															-0.09	0.24	0.08	0.35	-0.07

Competitive Comparison of UK Oil & Gas's Gross Profit

For the Oil & Gas E&P subindustry, UK Oil & Gas'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.

UK Oil & Gas's Gross Profit Distribution in the Oil & Gas Industry

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

* The bar in red indicates where UK Oil & Gas's Gross Profit falls into.

UK Oil & Gas Gross Profit Calculation

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

UK Oil & Gas's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

Gross Profit (A: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1.538	-	1.263
	=	0.28

UK Oil & Gas's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0.648	-	0.718
	=	-0.07

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.28 Mil.

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

UK Oil & Gas's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-0.07	/	0.648
	=	-10.80 %

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.

UK Oil & Gas (LSE:UKOG) 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

UK Oil & Gas had a gross margin of -10.80% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

UK Oil & Gas Gross Profit Related Terms

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UK Oil & Gas (LSE:UKOG) Business Description

Industry

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0UK:Germany

Address

20 Primrose Street, 8th Floor, The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.ukogplc.com

UK Oil & Gas PLC operates as an oil and gas exploration company. Its principal activity is to acquire a portfolio of direct and indirect interests in the exploration, development, and production of oil and gas assets. The company's current operational focus is on the UK and Turkey onshore sectors. Its current UK onshore portfolio consists of direct and indirect interests in six oil and gas exploration, appraisal, development, and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. The company has three reportable segments: Oil exploration and production which includes producing business activities; Oil exploration and evaluation which includes non-producing activities; Head Office, corporate and administrative, including parent company activities.

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