Afric Industries (CAS:AFI) Gross Margin % : 43.63% (As of Dec. 2023)

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What is Afric Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Afric Industries's Gross Profit for the six months ended in Dec. 2023 was MAD10.61 Mil. Afric Industries's Revenue for the six months ended in Dec. 2023 was MAD24.32 Mil. Therefore, Afric Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 43.63%.

Warning Sign:

Afric Industries SA gross margin has been in long-term decline. The average rate of decline per year is -3.9%.

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

CAS:AFI' s Gross Margin % Range Over the Past 10 Years
Min: 44.16 Med: 53.1 Max: 55.52
Current: 44.17

During the past 8 years, the highest Gross Margin % of Afric Industries was 55.52%. The lowest was 44.16%. And the median was 53.10%.

CAS:AFI's Gross Margin % is ranked better than
82.4% of 409 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.37 vs CAS:AFI: 44.17

Afric Industries had a gross margin of 43.63% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Afric Industries was -3.90% per year.

Afric Industries Gross Margin % Historical Data

The historical data trend for Afric Industries'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.

Afric Industries Gross Margin % Chart

Afric Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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54.62

53.19

52.03

50.46

44.16

Afric Industries Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial													50.38	55.20	44.78	44.85	43.63

Competitive Comparison of Afric Industries's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Afric Industries'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.

Afric Industries's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Afric Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Afric Industries's Gross Margin % falls into.

Afric Industries Gross Margin % Calculation

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

Afric Industries'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 )
	=	19	/	43.091
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(43.091 - 24.06)	/	43.091
	=	44.16 %

Afric Industries'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 )
	=	10.6	/	24.323
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(24.323 - 13.71)	/	24.323
	=	43.63 %

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.

Afric Industries (CAS:AFI) 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

Afric Industries had a gross margin of 43.63% for the quarter that ended in Dec. 2023 => Durable 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.

Afric Industries Gross Margin % Related Terms

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Afric Industries (CAS:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Afric Industries SA (CAS:AFI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368

Website

http://www.africindustries.com

Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

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