Clicks Group (JSE:CLS) Gross Margin % : 23.61% (As of Feb. 2024)

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What is Clicks Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Clicks Group's Gross Profit for the six months ended in Feb. 2024 was R5,147 Mil. Clicks Group's Revenue for the six months ended in Feb. 2024 was R21,804 Mil. Therefore, Clicks Group's Gross Margin % for the quarter that ended in Feb. 2024 was 23.61%.

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

JSE:CLS' s Gross Margin % Range Over the Past 10 Years
Min: 19.48 Med: 21.04 Max: 23
Current: 23

During the past 13 years, the highest Gross Margin % of Clicks Group was 23.00%. The lowest was 19.48%. And the median was 21.04%.

JSE:CLS's Gross Margin % is ranked worse than
77.83% of 609 companies
in the Healthcare Providers & Services industry
Industry Median: 41.4 vs JSE:CLS: 23.00

Clicks Group had a gross margin of 23.61% for the quarter that ended in Feb. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Clicks Group was 0.60% per year.

Clicks Group Gross Margin % Historical Data

The historical data trend for Clicks Group'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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Clicks Group Gross Margin % Chart

Clicks Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Gross Margin %

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21.34

20.86

19.48

21.30

22.38

Clicks Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Gross Margin %	Get a 7-Day Free Trial															21.13	21.46	22.36	22.39	23.61

Competitive Comparison of Clicks Group's Gross Margin %

For the Pharmaceutical Retailers subindustry, Clicks Group'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.

Clicks Group's Gross Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Clicks Group's Gross Margin % distribution charts can be found below:

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

Clicks Group Gross Margin % Calculation

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

Clicks Group's Gross Margin for the fiscal year that ended in Aug. 2023 is calculated as

Gross Margin % (A: Aug. 2023 )	=	Gross Profit (A: Aug. 2023 )	/	Revenue (A: Aug. 2023 )
	=	9313.9	/	41621.681
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(41621.681 - 32307.83)	/	41621.681
	=	22.38 %

Clicks Group's Gross Margin for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )	=	Gross Profit (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	5147.3	/	21804.067
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(21804.067 - 16656.816)	/	21804.067
	=	23.61 %

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.

Clicks Group (JSE:CLS) 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

Clicks Group had a gross margin of 23.61% for the quarter that ended in Feb. 2024 => Competition eroding margins

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.

Clicks Group Gross Margin % Related Terms

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Clicks Group (JSE:CLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clicks Group Ltd (JSE:CLS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

CLCGY:USA

Address

Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001

Website

https://www.clicksgroup.co.za

Clicks Group Ltd operates pharmaceutical health and beauty retail stores. The company primarily operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company targets middle- to upper-income consumers. Clicks' business strategy focuses on consistent product sourcing, product development, and measured store expansion. The company has a portfolio of retail franchise brands including The Body Shop, GNC, and claire's. Clicks uses United Pharmaceutical Distributors' capabilities for the groups' integrated channel to the healthcare market.