Metro Systems PCL (BKK:MSC) Gross Margin % : 13.69% (As of Mar. 2024)

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What is Metro Systems PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Metro Systems PCL's Gross Profit for the three months ended in Mar. 2024 was ฿317 Mil. Metro Systems PCL's Revenue for the three months ended in Mar. 2024 was ฿2,314 Mil. Therefore, Metro Systems PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 13.69%.

Warning Sign:

Metro Systems Corp PCL gross margin has been in long-term decline. The average rate of decline per year is -3.6%.

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

BKK:MSC' s Gross Margin % Range Over the Past 10 Years
Min: 12.84 Med: 14.71 Max: 16.34
Current: 14.63

During the past 13 years, the highest Gross Margin % of Metro Systems PCL was 16.34%. The lowest was 12.84%. And the median was 14.71%.

BKK:MSC's Gross Margin % is ranked worse than
74.09% of 2439 companies
in the Hardware industry
Industry Median: 24.39 vs BKK:MSC: 14.63

Metro Systems PCL had a gross margin of 13.69% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Metro Systems PCL was -3.60% per year.

Metro Systems PCL Gross Margin % Historical Data

The historical data trend for Metro Systems 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.

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Metro Systems PCL Gross Margin % Chart

Metro Systems PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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16.34

14.69

14.73

12.84

14.07

Metro Systems PCL 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															12.46	14.80	13.88	16.16	13.69

Competitive Comparison of Metro Systems PCL's Gross Margin %

For the Electronics & Computer Distribution subindustry, Metro Systems 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.

Metro Systems PCL's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Gross Margin % distribution charts can be found below:

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

Metro Systems PCL Gross Margin % Calculation

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

Metro Systems 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 )
	=	1334	/	9479.35
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9479.35 - 8145.339)	/	9479.35
	=	14.07 %

Metro Systems PCL'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 )
	=	316.8	/	2314.009
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2314.009 - 1997.177)	/	2314.009
	=	13.69 %

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.

Metro Systems PCL (BKK:MSC) 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

Metro Systems PCL had a gross margin of 13.69% for the quarter that ended in Mar. 2024 => No sustainable 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.

Metro Systems PCL Gross Margin % Related Terms

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Metro Systems PCL (BKK:MSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metro Systems Corp PCL (BKK:MSC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

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Address

400 Chalermprakiat Rama IX Road, Nong Bon, Prawet, Bangkok, THA, 10250

Website

http://www.metrosystems.co.th

Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales of computers and equipment, Installation software, Sales supplies, and office equipment; and Rental and other services. It derives key revenue from Sales of computers and equipment, and the Installation software segment. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.