Thevola Group (SAU:2050) Gross Margin % : 20.80% (As of Mar. 2024)

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What is Thevola Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Thevola Group's Gross Profit for the three months ended in Mar. 2024 was ﷼1,619 Mil. Thevola Group's Revenue for the three months ended in Mar. 2024 was ﷼7,782 Mil. Therefore, Thevola Group's Gross Margin % for the quarter that ended in Mar. 2024 was 20.80%.

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

SAU:2050' s Gross Margin % Range Over the Past 10 Years
Min: 17.37 Med: 18.37 Max: 21.38
Current: 20.76

During the past 13 years, the highest Gross Margin % of Thevola Group was 21.38%. The lowest was 17.37%. And the median was 18.37%.

SAU:2050's Gross Margin % is ranked worse than
59.97% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 25.21 vs SAU:2050: 20.76

Thevola Group had a gross margin of 20.80% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Thevola Group was -0.30% per year.

Thevola Group Gross Margin % Historical Data

The historical data trend for Thevola 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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Thevola Group Gross Margin % Chart

Thevola Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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21.04

21.38

18.16

17.37

20.30

Thevola Group 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															19.22	20.46	20.63	21.10	20.80

Competitive Comparison of Thevola Group's Gross Margin %

For the Packaged Foods subindustry, Thevola 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.

Thevola Group's Gross Margin % Distribution in the Consumer Packaged Goods Industry

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

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

Thevola Group Gross Margin % Calculation

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

Thevola Group'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 )
	=	5443.3	/	26818.317
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(26818.317 - 21374.973)	/	26818.317
	=	20.30 %

Thevola Group'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 )
	=	1618.7	/	7781.87
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7781.87 - 6163.14)	/	7781.87
	=	20.80 %

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.

Thevola Group (SAU:2050) 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

Thevola Group had a gross margin of 20.80% for the quarter that ended in Mar. 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.

Thevola Group Gross Margin % Related Terms

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Thevola Group (SAU:2050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Savola Group (SAU:2050) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Faisal Bin Fahad Street, Savola Tower, The Headquarter Business Park, Ashati District, 2444 Taha Khusaifan-Ashati, Unit Number 15, Jeddah, SAU, 23511-7333

Website

https://www.savola.com

The Savola Group is a strategic investment holding company. It is focused on the food and retail sectors, with operations in the Middle East, Turkey and other regions. It is organized into the following operating segments namely Foods processing, Retail, Food Services, Frozen food and Investment. The group derives majority of revenue from the Foods processing segment which consists of includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, Pulses and other food products.

Thevola Group (SAU:2050) Headlines

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