SalMar ASA (OSL:SALM) Gross Margin % : 44.28% (As of Dec. 2023)

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What is SalMar ASA Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SalMar ASA's Gross Profit for the three months ended in Dec. 2023 was kr3,498 Mil. SalMar ASA's Revenue for the three months ended in Dec. 2023 was kr7,900 Mil. Therefore, SalMar ASA's Gross Margin % for the quarter that ended in Dec. 2023 was 44.28%.

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

OSL:SALM' s Gross Margin % Range Over the Past 10 Years
Min: 44.54 Med: 53.61 Max: 65.54
Current: 59.07

During the past 13 years, the highest Gross Margin % of SalMar ASA was 65.54%. The lowest was 44.54%. And the median was 53.61%.

OSL:SALM's Gross Margin % is ranked better than
90.2% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.07 vs OSL:SALM: 59.07

SalMar ASA had a gross margin of 44.28% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SalMar ASA was -0.50% per year.

SalMar ASA Gross Margin % Historical Data

The historical data trend for SalMar ASA'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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SalMar ASA Gross Margin % Chart

SalMar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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49.14

52.89

55.76

54.32

59.08

SalMar ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															32.44	66.34	66.41	62.30	44.28

Competitive Comparison of SalMar ASA's Gross Margin %

For the Farm Products subindustry, SalMar ASA'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.

SalMar ASA's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SalMar ASA's Gross Margin % falls into.

SalMar ASA Gross Margin % Calculation

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

SalMar ASA'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 )
	=	16600.4	/	28099.174
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(28099.174 - 11498.746)	/	28099.174
	=	59.08 %

SalMar ASA'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 )
	=	3498.4	/	7900.174
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7900.174 - 4401.746)	/	7900.174
	=	44.28 %

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.

SalMar ASA (OSL:SALM) 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

SalMar ASA had a gross margin of 44.28% for the quarter that ended in Dec. 2023 => Durable 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.

SalMar ASA Gross Margin % Related Terms

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

SalMar ASA (OSL:SALM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SalMar ASA (OSL:SALM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SALRY:USA SALRF:USA SALMO:Sweden 0FWY:UK JEP:Germany

Address

Industriveien 51, Kverva, NOR, N-7266

Website

https://www.salmar.no

SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.