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The Erawan Group PCL (BKK:ERW) Gross Margin % : 58.62% (As of Dec. 2023)


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What is The Erawan Group PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. The Erawan Group PCL's Gross Profit for the three months ended in Dec. 2023 was ฿1,099 Mil. The Erawan Group PCL's Revenue for the three months ended in Dec. 2023 was ฿1,874 Mil. Therefore, The Erawan Group PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 58.62%.

Warning Sign:

The Erawan Group PCL gross margin has been in long-term decline. The average rate of decline per year is -3%.


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

BKK:ERW' s Gross Margin % Range Over the Past 10 Years
Min: 13.55   Med: 53.2   Max: 56.57
Current: 56.57


During the past 13 years, the highest Gross Margin % of The Erawan Group PCL was 56.57%. The lowest was 13.55%. And the median was 53.20%.

BKK:ERW's Gross Margin % is ranked better than
67.23% of 769 companies
in the Travel & Leisure industry
Industry Median: 43.23 vs BKK:ERW: 56.57

The Erawan Group PCL had a gross margin of 58.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for The Erawan Group PCL was -3.00% per year.


The Erawan Group PCL Gross Margin % Historical Data

The historical data trend for The Erawan Group 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.

The Erawan Group PCL Gross Margin % Chart

The Erawan Group PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.54 36.49 13.55 50.69 56.57

The Erawan Group PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.70 55.78 55.24 56.38 58.62

Competitive Comparison of The Erawan Group PCL's Gross Margin %

For the Lodging subindustry, The Erawan Group 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.


The Erawan Group PCL's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Erawan Group PCL's Gross Margin % distribution charts can be found below:

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



The Erawan Group PCL Gross Margin % Calculation

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

The Erawan Group PCL'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 )
=3952 / 6986.484
=(Revenue - Cost of Goods Sold) / Revenue
=(6986.484 - 3034.518) / 6986.484
=56.57 %

The Erawan Group PCL's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=1098.7 / 1874.205
=(Revenue - Cost of Goods Sold) / Revenue
=(1874.205 - 775.519) / 1874.205
=58.62 %

* 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.


The Erawan Group PCL  (BKK:ERW) 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

The Erawan Group PCL had a gross margin of 58.62% for the quarter that ended in Dec. 2023 => Durable 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.


The Erawan Group PCL Gross Margin % Related Terms

Thank you for viewing the detailed overview of The Erawan Group PCL's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


The Erawan Group PCL (BKK:ERW) Business Description

Traded in Other Exchanges
N/A
Address
Ploenchit Center, 2 Sukhumvit Soi 2 Road, 6th Floor, Klong Toey Subdistrict, Klong Toey District, Bangkok, THA, 10110
The Erawan Group PCL is a company that focuses on investing in various companies, engaged in the hotel business and in building rental business. The company operates two business segments: Hotel business segment, which consists of Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, a Luxury Collection Resort and Spa, Phuket, Renaissance Koh Samui Resort and Spa, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Mercure Bangkok Siam and Ibis Hotels; and the Rental and management building business segment including Erawan Bangkok, which is a boutique mall to the center of Bangkok's business and commercial district and Ploenchit Center, which is an office building with retail shops and international restaurants.

The Erawan Group PCL (BKK:ERW) Headlines

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