Vanachai Group PCL (BKK:VNG) Gross Margin % : 19.79% (As of Dec. 2023)

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What is Vanachai Group PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Vanachai Group PCL's Gross Profit for the three months ended in Dec. 2023 was ฿772 Mil. Vanachai Group PCL's Revenue for the three months ended in Dec. 2023 was ฿3,898 Mil. Therefore, Vanachai Group PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 19.79%.

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

BKK:VNG' s Gross Margin % Range Over the Past 10 Years
Min: 6.87 Med: 21.06 Max: 29.13
Current: 16.44

During the past 13 years, the highest Gross Margin % of Vanachai Group PCL was 29.13%. The lowest was 6.87%. And the median was 21.06%.

BKK:VNG's Gross Margin % is ranked worse than
62.19% of 283 companies
in the Forest Products industry
Industry Median: 19.84 vs BKK:VNG: 16.44

Vanachai Group PCL had a gross margin of 19.79% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Vanachai Group PCL was 13.00% per year.

Vanachai Group PCL Gross Margin % Historical Data

The historical data trend for Vanachai 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.

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Vanachai Group PCL Gross Margin % Chart

Vanachai Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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6.87

12.16

24.95

19.67

16.44

Vanachai 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															11.69	8.81	18.12	19.67	19.79

Competitive Comparison of Vanachai Group PCL's Gross Margin %

For the Lumber & Wood Production subindustry, Vanachai 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.

Vanachai Group PCL's Gross Margin % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Gross Margin % distribution charts can be found below:

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

Vanachai Group PCL Gross Margin % Calculation

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

Vanachai 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 )
	=	2325.9	/	14148.185
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(14148.185 - 11822.251)	/	14148.185
	=	16.44 %

Vanachai 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 )
	=	771.6	/	3898.176
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3898.176 - 3126.607)	/	3898.176
	=	19.79 %

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.

Vanachai Group PCL (BKK:VNG) 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

Vanachai Group PCL had a gross margin of 19.79% for the quarter that ended in Dec. 2023 => 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.

Vanachai Group PCL Gross Margin % Related Terms

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Vanachai Group PCL (BKK:VNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanachai Group PCL (BKK:VNG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/1 Wongsawang Road, Wongsawang, Bangsue, Bangkok, THA, 10800

Website

https://www.vanachai.com

Vanachai Group PCL is a building materials company that manufactures and distributes wood-based products. The company's primary products include board panels, particle boards, and wood substitutes. The company creates wood-based goods such as particleboards, medium density fiberboards (MDF boards), Doorskin and melamine laminated particleboards, which are distributed to both domestic and international markets. Vanachai also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.