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Thaitheparos PCL (BKK:SAUCE) Gross Margin % : 37.88% (As of Mar. 2024)


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What is Thaitheparos PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Thaitheparos PCL's Gross Profit for the three months ended in Mar. 2024 was ฿339 Mil. Thaitheparos PCL's Revenue for the three months ended in Mar. 2024 was ฿895 Mil. Therefore, Thaitheparos PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 37.88%.


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

BKK:SAUCE' s Gross Margin % Range Over the Past 10 Years
Min: 32.33   Med: 34.31   Max: 38.06
Current: 38.06


During the past 13 years, the highest Gross Margin % of Thaitheparos PCL was 38.06%. The lowest was 32.33%. And the median was 34.31%.

BKK:SAUCE's Gross Margin % is ranked better than
74.99% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 25.25 vs BKK:SAUCE: 38.06

Thaitheparos PCL had a gross margin of 37.88% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Thaitheparos PCL was 2.40% per year.


Thaitheparos PCL Gross Margin % Historical Data

The historical data trend for Thaitheparos 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.

Thaitheparos PCL Gross Margin % Chart

Thaitheparos 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 33.66 36.50 37.04 35.33 37.74

Thaitheparos 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 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 36.53 36.98 38.66 38.77 37.88

Competitive Comparison of Thaitheparos PCL's Gross Margin %

For the Packaged Foods subindustry, Thaitheparos 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.


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

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

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



Thaitheparos PCL Gross Margin % Calculation

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

Thaitheparos 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 )
=1326 / 3513.855
=(Revenue - Cost of Goods Sold) / Revenue
=(3513.855 - 2187.882) / 3513.855
=37.74 %

Thaitheparos 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 )
=339.1 / 895.205
=(Revenue - Cost of Goods Sold) / Revenue
=(895.205 - 556.07) / 895.205
=37.88 %

* 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.


Thaitheparos PCL  (BKK:SAUCE) 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

Thaitheparos PCL had a gross margin of 37.88% 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.


Thaitheparos PCL Gross Margin % Related Terms

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


Thaitheparos PCL (BKK:SAUCE) Business Description

Traded in Other Exchanges
N/A
Address
208 Moo 6, Taibarn Road, Tambol Taibarn, Amphur Muang, Samutparkan, Bangkok, THA, 10280
Thaitheparos PCL is a Thailand-based company engaged in the activities of manufacture and distribution of sauces and condiments. It operates in the sauce segment and offers products like soy sauce, oyster sauce, tomato sauce, chili sauce, vinegar, and other related products. Geographically, the company has operations in Thailand, and internationally, of which the majority of the revenue is generated from Thailand.

Thaitheparos PCL (BKK:SAUCE) Headlines

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