Granite Ridge Resources Inc (GRNT)
5.96
+0.16
(+2.76%)
USD |
NYSE |
Nov 04, 16:00
5.975
+0.02
(+0.25%)
Pre-Market: 20:00
Granite Ridge Resources Gross Profit Margin (Quarterly): 31.45% for June 30, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| June 30, 2024 | 31.45% |
| March 31, 2024 | 30.14% |
| December 31, 2023 | 33.63% |
| September 30, 2023 | 36.36% |
| June 30, 2023 | 36.41% |
| March 31, 2023 | 41.58% |
| Date | Value |
|---|---|
| December 31, 2022 | 60.52% |
| September 30, 2022 | 58.55% |
| June 30, 2022 | 67.63% |
| March 31, 2022 | 68.34% |
| June 30, 2021 | 56.77% |
| March 31, 2021 | 34.77% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
30.14%
Minimum
Mar 2024
68.34%
Maximum
Mar 2022
46.35%
Average
39.00%
Median
Gross Profit Margin (Quarterly) Benchmarks
| APA Corp | 45.77% |
| VAALCO Energy Inc | 19.96% |
| W&T Offshore Inc | 68.30% |
| Ring Energy Inc | 50.32% |
| SandRidge Energy Inc | 36.12% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | 8.57% |
| Return on Assets | 6.07% |
| Return on Invested Capital | 7.35% |
| Profit Margin (Quarterly) | 5.63% |
| Operating Margin (Quarterly) | 24.14% |
| Return on Net Operating Assets | 6.38% |