Thai Coconut PCL (BKK:COCOCO) Gross Margin % : 26.67% (As of Sep. 2023)

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What is Thai Coconut PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Thai Coconut PCL's Gross Profit for the three months ended in Sep. 2023 was ฿343 Mil. Thai Coconut PCL's Revenue for the three months ended in Sep. 2023 was ฿1,286 Mil. Therefore, Thai Coconut PCL's Gross Margin % for the quarter that ended in Sep. 2023 was 26.67%.

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

BKK:COCOCO' s Gross Margin % Range Over the Past 10 Years
Min: 15.91 Med: 20.95 Max: 25.84
Current: 25.84

During the past 4 years, the highest Gross Margin % of Thai Coconut PCL was 25.84%. The lowest was 15.91%. And the median was 20.95%.

BKK:COCOCO's Gross Margin % is ranked better than
51.13% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 25.21 vs BKK:COCOCO: 25.84

Thai Coconut PCL had a gross margin of 26.67% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Thai Coconut PCL was 0.00% per year.

Thai Coconut PCL Gross Margin % Historical Data

The historical data trend for Thai Coconut PCL'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.

* Premium members only.

Thai Coconut PCL Gross Margin % Chart

Thai Coconut PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Margin %

22.53

15.91

19.37

23.85

Thai Coconut PCL Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial			23.72	27.96	24.31	25.97	26.67

Competitive Comparison of Thai Coconut PCL's Gross Margin %

For the Packaged Foods subindustry, Thai Coconut PCL'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.

Thai Coconut PCL's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Coconut PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Thai Coconut PCL's Gross Margin % falls into.

Thai Coconut PCL Gross Margin % Calculation

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

Thai Coconut PCL's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	802.4	/	3364.541
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3364.541 - 2562.136)	/	3364.541
	=	23.85 %

Thai Coconut PCL'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 )
	=	342.9	/	1285.832
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1285.832 - 942.901)	/	1285.832
	=	26.67 %

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.

Thai Coconut PCL (BKK:COCOCO) 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

Thai Coconut PCL had a gross margin of 26.67% for the quarter that ended in Sep. 2023 => 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.

Thai Coconut PCL Gross Margin % Related Terms

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Thai Coconut PCL (BKK:COCOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Coconut PCL (BKK:COCOCO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Changwattana Road, 108/45 Soi Changwattana 20, Pakkred, Nonthaburi, THA, 11120

Website

https://www.thaicoconut.com

Thai Coconut PCL is engaged in the production and distribution of coconut products. Its Products include coconut milk, coconut water, virgin coconut oil, ready curry soup, coconut snacks, desiccated coconut, etc. Products from its factory are produced under the Thaicoco and Cocoburi brands. Its segments are Coconut milk and Coconut water. It generates the majority of its revenue from Coconut milk.

Thai Coconut PCL (BKK:COCOCO) Headlines

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