### Ecopetrol (EC)

43.00 -0.47  -1.08%  May 21, 8:00PM

# Ecopetrol Gross Profit Margin Quarterly:

41.36% for March 31, 2013
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## Ecopetrol Historical Gross Profit Margin Quarterly Data

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March 31, 2013 41.36%
Dec. 31, 2012 38.02%
Sept. 30, 2012 38.22%
June 30, 2012 42.21%
March 31, 2012 45.87%
Dec. 31, 2011 43.52%
Sept. 30, 2011 45.69%
June 30, 2011 42.55%
March 31, 2011 45.90%
Dec. 31, 2010 44.94%
Sept. 30, 2010 34.75%

June 30, 2010 33.39%
March 31, 2010 40.25%
Dec. 31, 2009 40.00%
Sept. 30, 2009 31.79%
June 30, 2009 35.62%
March 31, 2009 28.29%
Dec. 31, 2008 13.42%
Sept. 30, 2008 45.03%
June 30, 2008
March 31, 2008 Go Pro

A gross profit margin is the difference between sales and the cost of goods sold divided by revenue. This represents the percentage of each dollar of a company's revenue available after accounting for cost of goods sold.

If a company produces phones and earns \$32 million in sales but pays \$24 million for the items sold, then the company's gross profit margin would be (\$32M - \$24M) / \$32M = 25 percent.

Cutting costs result in higher gross profit margins. If a company sells phones for 500 dollars and the cost of the producing the phone is \$250, the current gross profit margin is 50 percent ((500-250)/500). If the company is able to reduce production costs from \$250 to \$200, the gross profit margin is 60 percent ((500-200)/500).

Note : Profit margins are very dependent on sector. Companies that sell bland potato chips may not have very high margins, but will sell a sizable quantity of potato chips. A company that sells consulting services will likely have higher profit margins, but sell lower quantities.

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## EC Gross Profit Margin Quarterly Benchmarks

Companies
Suncor Energy 59.47%
Eni 24.49%