Various Eateries (LSE:VARE) Gross Margin % : 5.35% (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Various Eateries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Various Eateries's Gross Profit for the six months ended in Sep. 2023 was £1.33 Mil. Various Eateries's Revenue for the six months ended in Sep. 2023 was £24.92 Mil. Therefore, Various Eateries's Gross Margin % for the quarter that ended in Sep. 2023 was 5.35%.

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

LSE:VARE' s Gross Margin % Range Over the Past 10 Years
Min: -6.51 Med: 4.17 Max: 9.04
Current: 4.17

During the past 7 years, the highest Gross Margin % of Various Eateries was 9.04%. The lowest was -6.51%. And the median was 4.17%.

LSE:VARE's Gross Margin % is ranked worse than
98.54% of 342 companies
in the Restaurants industry
Industry Median: 47.415 vs LSE:VARE: 4.17

Various Eateries had a gross margin of 5.35% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

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

Various Eateries Gross Margin % Historical Data

The historical data trend for Various Eateries'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.

Various Eateries Gross Margin % Chart

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

Get a 7-Day Free Trial

4.64

-6.36

7.24

9.04

4.17

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial							24.96	8.61	9.37	2.75	5.35

Competitive Comparison of Various Eateries's Gross Margin %

For the Restaurants subindustry, Various Eateries'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.

Various Eateries's Gross Margin % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Various Eateries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Various Eateries's Gross Margin % falls into.

Various Eateries Gross Margin % Calculation

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

Various Eateries's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	1.9	/	45.495
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(45.495 - 43.597)	/	45.495
	=	4.17 %

Various Eateries's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.3	/	24.917
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(24.917 - 23.584)	/	24.917
	=	5.35 %

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.

Various Eateries (LSE:VARE) 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

Various Eateries had a gross margin of 5.35% for the quarter that ended in Sep. 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.

Various Eateries Gross Margin % Related Terms

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

Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

Various Eateries (LSE:VARE) Headlines

No Headlines