The historical rank and industry rank for Genesis Energy LP's Gross Margin % or its related term are showing as below:
GEL'
s Gross Margin % Range Over the Past 10 Years
Min: 4.76 Med: 11.6 Max: 14.72
Current: 12.44
During the past 13 years, the highestGross Margin % of Genesis Energy LP was 14.72%. The lowest was 4.76%. And the median was 11.60%.
GEL's Gross Margin % is ranked worse than 72.65% of 925
companies
in the Oil & Gas industry
Industry Median: 27.82
vs GEL: 12.44
Genesis Energy LP had a gross margin of 10.73% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Genesis Energy LP was 1.20% per year.
Genesis Energy LP Gross Margin % Historical Data
The historical data trend for Genesis Energy LP'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.
Competitive Comparison of Genesis Energy LP's Gross Margin %
For the Oil & Gas Midstream subindustry, Genesis Energy LP'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.
Genesis Energy LP's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Genesis Energy LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Genesis Energy LP's Gross Margin % falls into.
* 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.
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.
Genesis Energy LP (NYSE:GEL) 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
Genesis Energy LP had a gross margin of 10.73% for the quarter that ended in Dec. 2023 => 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.
Genesis Energy LP Gross Margin % Related Terms
Thank you for viewing the detailed overview of Genesis Energy LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Genesis Energy LP (Genesis Energy LP) Business Description
Genesis Energy LP is an us-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment. The Sodium minerals and sulfur services segment includes trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as processing high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.
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