OMV Petrom (BSE:SNP) Gross Margin % : 25.72% (As of Mar. 2024)

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What is OMV Petrom Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. OMV Petrom's Gross Profit for the three months ended in Mar. 2024 was lei2,198 Mil. OMV Petrom's Revenue for the three months ended in Mar. 2024 was lei8,544 Mil. Therefore, OMV Petrom's Gross Margin % for the quarter that ended in Mar. 2024 was 25.72%.

Warning Sign:

OMV Petrom SA gross margin has been in long-term decline. The average rate of decline per year is -3.7%.

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

BSE:SNP' s Gross Margin % Range Over the Past 10 Years
Min: 7.49 Med: 23.62 Max: 30.74
Current: 26.71

During the past 13 years, the highest Gross Margin % of OMV Petrom was 30.74%. The lowest was 7.49%. And the median was 23.62%.

BSE:SNP's Gross Margin % is ranked worse than
51.99% of 929 companies
in the Oil & Gas industry
Industry Median: 27.87 vs BSE:SNP: 26.71

OMV Petrom had a gross margin of 25.72% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for OMV Petrom was -3.70% per year.

OMV Petrom Gross Margin % Historical Data

The historical data trend for OMV Petrom'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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OMV Petrom Gross Margin % Chart

OMV Petrom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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26.06

21.04

22.88

22.09

25.62

OMV Petrom 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															21.39	27.05	28.67	25.20	25.72

Competitive Comparison of OMV Petrom's Gross Margin %

For the Oil & Gas Integrated subindustry, OMV Petrom'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.

OMV Petrom's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where OMV Petrom's Gross Margin % falls into.

OMV Petrom Gross Margin % Calculation

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

OMV Petrom'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 )
	=	9943.6	/	38807.91
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(38807.91 - 28864.34)	/	38807.91
	=	25.62 %

OMV Petrom'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 )
	=	2197.7	/	8544
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8544 - 6346.3)	/	8544
	=	25.72 %

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.

OMV Petrom (BSE:SNP) 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

OMV Petrom had a gross margin of 25.72% for the quarter that ended in Mar. 2024 => Competition eroding margins

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.

OMV Petrom Gross Margin % Related Terms

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OMV Petrom (BSE:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV Petrom SA (BSE:SNP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Coralilor Street, District 1, Bucharest, ROU, 013329

Website

https://www.omvpetrom.com

OMV Petrom SA is an integrated oil and gas company operating in Romania. The company has three segments. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas. The refining & Marketing segment produces & delivers gasoline, diesel & other petroleum products to its customers, while through filling stations networks offers also a variety of services & non-oil business (NOB) goods. The gas business unit, part of the Gas & Power segment, has the objective to focus on gas sales, & becoming a regional player. Business division Power, part of the Gas & Power segment, mainly extends the gas value chain into a gas-fired power plant. The majority is from Refining & marketing segment. Geographically, key revenue is from Romania.

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