Thai Nam Plastic PCL gross margin has been in long-term decline. The average rate of decline per year is -1.1%.
The historical rank and industry rank for Thai Nam Plastic PCL's Gross Margin % or its related term are showing as below:
BKK:TNPC'
s Gross Margin % Range Over the Past 10 Years
Min: 16.53 Med: 21.81 Max: 27.18
Current: 19.21
During the past 13 years, the highestGross Margin % of Thai Nam Plastic PCL was 27.18%. The lowest was 16.53%. And the median was 21.81%.
BKK:TNPC's Gross Margin % is ranked worse than 52.56% of 1271
companies
in the Vehicles & Parts industry
Industry Median: 19.88
vs BKK:TNPC: 19.21
Thai Nam Plastic PCL had a gross margin of 11.28% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Thai Nam Plastic PCL was -1.10% per year.
Thai Nam Plastic PCL Gross Margin % Historical Data
The historical data trend for Thai Nam Plastic 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.
Competitive Comparison of Thai Nam Plastic PCL's Gross Margin %
For the Auto Parts subindustry, Thai Nam Plastic 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 Nam Plastic PCL's Gross Margin % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Nam Plastic PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Thai Nam Plastic PCL's Gross Margin % falls into.
* 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.
Thai Nam Plastic PCL (BKK:TNPC) 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 Nam Plastic PCL had a gross margin of 11.28% 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.
Thai Nam Plastic PCL Gross Margin % Related Terms
Thank you for viewing the detailed overview of Thai Nam Plastic PCL's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thai Nam Plastic PCL (BKK:TNPC) Business Description
Thai Nam Plastic PCL engages in the production and distribution of flexible plastic, synthetic leather, and car mat. The company produces both Polyvinyl chloride (PVC) and Non-PVC plastic products, such as Solid sheets and Synthetic leather used for making automotive interior parts, Sports shoes, Furniture, and Stationery. It operates through the Manufacturing of Plastic Parts of Automobile Industry Group and Other segments. The Manufacturing of Plastic Parts of Automobile Industry Group segment, which accounts for the majority of revenue, manufactures artificial leather and automobile rubber flooring. The Other segment produces various types of plastics both soft and rigid, rolls and plate. The group has a business presence in Thailand and other countries.
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