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Dogness (International) (Dogness (International)) Gross Margin % : 19.64% (As of Dec. 2023)


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What is Dogness (International) Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Dogness (International)'s Gross Profit for the six months ended in Dec. 2023 was $1.31 Mil. Dogness (International)'s Revenue for the six months ended in Dec. 2023 was $6.68 Mil. Therefore, Dogness (International)'s Gross Margin % for the quarter that ended in Dec. 2023 was 19.64%.

Warning Sign:

Dogness (International) Corp gross margin has been in long-term decline. The average rate of decline per year is -5.8%.


The historical rank and industry rank for Dogness (International)'s Gross Margin % or its related term are showing as below:

DOGZ' s Gross Margin % Range Over the Past 10 Years
Min: 12.47   Med: 36.7   Max: 40.27
Current: 16.29


During the past 8 years, the highest Gross Margin % of Dogness (International) was 40.27%. The lowest was 12.47%. And the median was 36.70%.

DOGZ's Gross Margin % is ranked worse than
88.72% of 771 companies
in the Travel & Leisure industry
Industry Median: 43.19 vs DOGZ: 16.29

Dogness (International) had a gross margin of 19.64% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Dogness (International) was -5.80% per year.


Dogness (International) Gross Margin % Historical Data

The historical data trend for Dogness (International)'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.

Dogness (International) Gross Margin % Chart

Dogness (International) Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Gross Margin %
Get a 7-Day Free Trial 35.97 12.47 37.64 37.42 20.82

Dogness (International) Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 38.94 34.32 26.11 13.18 19.64

Competitive Comparison of Dogness (International)'s Gross Margin %

For the Leisure subindustry, Dogness (International)'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.


Dogness (International)'s Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dogness (International)'s Gross Margin % distribution charts can be found below:

* The bar in red indicates where Dogness (International)'s Gross Margin % falls into.



Dogness (International) Gross Margin % Calculation

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

Dogness (International)'s Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )=Gross Profit (A: Jun. 2023 ) / Revenue (A: Jun. 2023 )
=3.7 / 17.584
=(Revenue - Cost of Goods Sold) / Revenue
=(17.584 - 13.923) / 17.584
=20.82 %

Dogness (International)'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 )
=1.3 / 6.675
=(Revenue - Cost of Goods Sold) / Revenue
=(6.675 - 5.364) / 6.675
=19.64 %

* 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.


Dogness (International)  (NAS:DOGZ) 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

Dogness (International) had a gross margin of 19.64% 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.


Dogness (International) Gross Margin % Related Terms

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


Dogness (International) (Dogness (International)) Business Description

Traded in Other Exchanges
N/A
Address
Tongsha Industrial Estate, East District, Guangdong Province, Dongguan City, CHN, 523217
Dogness (International) Corp designs, manufactures pet products, including leashes and smart products, and lanyards. The Company designs, process and manufactures fashionable and high-quality leashes, collars, and harnesses to complement cats' and dogs' appearances, as well as intelligent pet products. The Company also provides dyeing services to external customers, as well as pet grooming services. The dyeing service is to utilize the existing production capacity and the pet grooming service is immaterial. Geographically, it generates maximum revenue from Mainland China and also has a presence in the United States, Europe, Australia, Canada, Central, and South America, Japan, and other Asian countries and regions.