Primo Service Solutions PCL (BKK:PRI) Gross Margin % : 36.58% (As of Mar. 2024)

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What is Primo Service Solutions PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Primo Service Solutions PCL's Gross Profit for the three months ended in Mar. 2024 was ฿152 Mil. Primo Service Solutions PCL's Revenue for the three months ended in Mar. 2024 was ฿416 Mil. Therefore, Primo Service Solutions PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 36.58%.

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

BKK:PRI' s Gross Margin % Range Over the Past 10 Years
Min: 29.29 Med: 40.2 Max: 43.1
Current: 31.87

During the past 6 years, the highest Gross Margin % of Primo Service Solutions PCL was 43.10%. The lowest was 29.29%. And the median was 40.20%.

BKK:PRI's Gross Margin % is ranked worse than
56.71% of 1647 companies
in the Real Estate industry
Industry Median: 36.68 vs BKK:PRI: 31.87

Primo Service Solutions PCL had a gross margin of 36.58% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Primo Service Solutions PCL was 1.50% per year.

Primo Service Solutions PCL Gross Margin % Historical Data

The historical data trend for Primo Service Solutions 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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Primo Service Solutions PCL Gross Margin % Chart

Primo Service Solutions PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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39.75

40.67

40.64

43.10

30.89

Primo Service Solutions PCL Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial											32.06	31.44	34.11	26.79	36.58

Competitive Comparison of Primo Service Solutions PCL's Gross Margin %

For the Real Estate Services subindustry, Primo Service Solutions 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.

Primo Service Solutions PCL's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Primo Service Solutions PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Primo Service Solutions PCL's Gross Margin % falls into.

Primo Service Solutions PCL Gross Margin % Calculation

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

Primo Service Solutions 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 )
	=	590.9	/	1912.898
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1912.898 - 1322.009)	/	1912.898
	=	30.89 %

Primo Service Solutions 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 )
	=	152.2	/	416.142
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(416.142 - 263.927)	/	416.142
	=	36.58 %

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.

Primo Service Solutions PCL (BKK:PRI) 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

Primo Service Solutions PCL had a gross margin of 36.58% for the quarter that ended in Mar. 2024 => 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.

Primo Service Solutions PCL Gross Margin % Related Terms

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Primo Service Solutions PCL (BKK:PRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Primo Service Solutions PCL (BKK:PRI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tambon Samrong Nuea,, 496 Moo 9, Amphoe Mueang Samut Prakan, Samut Prakan, THA, 10270

Website

https://www.primo.co.th

Primo Service Solutions PCL is engaged in property management services The company's business operations are divided into different service groups which are property management & sole agent, construction & project management, and wyde interior and cleaning services. A majority of the company's revenue is derived from Thailand.