Manila Bulletin Publishing (PHS:MB) Gross Margin % : 64.68% (As of Mar. 2024)

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What is Manila Bulletin Publishing Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Manila Bulletin Publishing's Gross Profit for the three months ended in Mar. 2024 was ₱125.1 Mil. Manila Bulletin Publishing's Revenue for the three months ended in Mar. 2024 was ₱193.4 Mil. Therefore, Manila Bulletin Publishing's Gross Margin % for the quarter that ended in Mar. 2024 was 64.68%.

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

PHS:MB' s Gross Margin % Range Over the Past 10 Years
Min: 21.44 Med: 30.71 Max: 44.63
Current: 44.63

During the past 13 years, the highest Gross Margin % of Manila Bulletin Publishing was 44.63%. The lowest was 21.44%. And the median was 30.71%.

PHS:MB's Gross Margin % is ranked better than
59.79% of 965 companies
in the Media - Diversified industry
Industry Median: 37.97 vs PHS:MB: 44.63

Manila Bulletin Publishing had a gross margin of 64.68% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Manila Bulletin Publishing was 6.50% per year.

Manila Bulletin Publishing Gross Margin % Historical Data

The historical data trend for Manila Bulletin Publishing'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.

Manila Bulletin Publishing Gross Margin % Chart

Manila Bulletin Publishing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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21.44

29.49

27.41

24.53

38.26

Manila Bulletin Publishing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															41.97	52.80	68.86	-61.32	64.68

Competitive Comparison of Manila Bulletin Publishing's Gross Margin %

For the Publishing subindustry, Manila Bulletin Publishing'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.

Manila Bulletin Publishing's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manila Bulletin Publishing's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Manila Bulletin Publishing's Gross Margin % falls into.

Manila Bulletin Publishing Gross Margin % Calculation

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

Manila Bulletin Publishing'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 )
	=	269	/	703.162
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(703.162 - 434.164)	/	703.162
	=	38.26 %

Manila Bulletin Publishing's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	125.1	/	193.449
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(193.449 - 68.327)	/	193.449
	=	64.68 %

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.

Manila Bulletin Publishing (PHS:MB) 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

Manila Bulletin Publishing had a gross margin of 64.68% for the quarter that ended in Mar. 2024 => 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.

Manila Bulletin Publishing Gross Margin % Related Terms

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Manila Bulletin Publishing (PHS:MB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manila Bulletin Publishing Corp (PHS:MB) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Manila Bulletin Building, Muralla corner Recoletos Streets, Intramuros, P.O. Box 769, Manila, PHL, 0900

Website

https://www.mb.com.ph

Manila Bulletin Publishing Corp is a Philippines-based company. The company is in the business of providing newspapers and various magazines. The company publishes its newspaper seven days a week. Its magazine section provides an agriculture magazine, which tells articles regarding trends in farming, fishing, crop propagation, and livestock raising, cruising magazine, which tells about local tourism, animal scene magazine, which gives information regarding breeding information, addresses veterinary concerns, and advice on care, and sense and style magazine, which gives information of the fashion and beauty, food and dining, and shopping ideas. The company earns maximum revenue from advertising and circulation.