Steel & Tube Holdings (NZSE:STU) Gross Margin % : 22.14% (As of Dec. 2023)

Steel & Tube Holdings Gross Margin % Chart

Steel & Tube Holdings Annual Data
	Trend	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Gross Margin %		Get a 7-Day Free Trial					22.43	27.18	20.48	28.09	26.92

Steel & Tube Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															22.83	32.77	-	-57.05	22.14

Competitive Comparison of Steel & Tube Holdings's Gross Margin %

For the Steel subindustry, Steel & Tube Holdings'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.

Steel & Tube Holdings's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Steel & Tube Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Steel & Tube Holdings's Gross Margin % falls into.

Steel & Tube Holdings Gross Margin % Calculation

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

Steel & Tube Holdings's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Steel & Tube Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

* 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.

Steel & Tube Holdings  (NZSE:STU) 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

Steel & Tube Holdings had a gross margin of 22.14% for the quarter that ended in Dec. 2023 => 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.

Steel & Tube Holdings Gross Margin % Related Terms

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Steel & Tube Holdings (NZSE:STU) Business Description