Raffles Interior (HKSE:01376) Gross Margin % : 14.42% (As of Dec. 2023)

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What is Raffles Interior Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Raffles Interior's Gross Profit for the six months ended in Dec. 2023 was HK$32.4 Mil. Raffles Interior's Revenue for the six months ended in Dec. 2023 was HK$224.3 Mil. Therefore, Raffles Interior's Gross Margin % for the quarter that ended in Dec. 2023 was 14.42%.

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

HKSE:01376' s Gross Margin % Range Over the Past 10 Years
Min: -4.02 Med: 12.61 Max: 21.27
Current: 12.61

During the past 7 years, the highest Gross Margin % of Raffles Interior was 21.27%. The lowest was -4.02%. And the median was 12.61%.

HKSE:01376's Gross Margin % is ranked worse than
88.97% of 988 companies
in the Business Services industry
Industry Median: 34.37 vs HKSE:01376: 12.61

Raffles Interior had a gross margin of 14.42% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Raffles Interior was 0.00% per year.

Raffles Interior Gross Margin % Historical Data

The historical data trend for Raffles Interior'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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Raffles Interior Gross Margin % Chart

Raffles Interior Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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21.16

-4.02

8.02

11.62

12.61

Raffles Interior Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial							6.54	10.41	12.67	11.29	14.42

Competitive Comparison of Raffles Interior's Gross Margin %

For the Consulting Services subindustry, Raffles Interior'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.

Raffles Interior's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Raffles Interior's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Raffles Interior's Gross Margin % falls into.

Raffles Interior Gross Margin % Calculation

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

Raffles Interior'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 )
	=	67.4	/	534.574
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(534.574 - 467.181)	/	534.574
	=	12.61 %

Raffles Interior'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 )
	=	32.4	/	224.327
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(224.327 - 191.976)	/	224.327
	=	14.42 %

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.

Raffles Interior (HKSE:01376) 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

Raffles Interior had a gross margin of 14.42% 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.

Raffles Interior Gross Margin % Related Terms

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Raffles Interior (HKSE:01376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Raffles Interior Ltd (HKSE:01376) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Sungei Kadut Loop, Singapore, SGP, 729490

Website

http://www.rafflesinterior.com

Raffles Interior Ltd is a Singapore-based investment holding company. The company is principally engaged in the provision of interior fitting-out services. The company's fitting-out services include project management and construction management of the interior fitting-out project, construction and installation of interior fitting-out works, customizing, manufacturing and supply of carpentry/joinery and integral fixtures, and maintenance of the projects that it undertakes on an ad-hoc basis. The company derives its revenue from projects involving fitting-out works for office space in Singapore.

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