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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Gross Margin % : 11.28% (As of Dec. 2023)


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What is AlMuneef Co For Trade Industry Agriculture And Contracting Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. AlMuneef Co For Trade Industry Agriculture And Contracting's Gross Profit for the six months ended in Dec. 2023 was ﷼13.8 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Revenue for the six months ended in Dec. 2023 was ﷼122.0 Mil. Therefore, AlMuneef Co For Trade Industry Agriculture And Contracting's Gross Margin % for the quarter that ended in Dec. 2023 was 11.28%.


The historical rank and industry rank for AlMuneef Co For Trade Industry Agriculture And Contracting's Gross Margin % or its related term are showing as below:

SAU:9569' s Gross Margin % Range Over the Past 10 Years
Min: 10.25   Med: 10.8   Max: 11.34
Current: 11.34


During the past 3 years, the highest Gross Margin % of AlMuneef Co For Trade Industry Agriculture And Contracting was 11.34%. The lowest was 10.25%. And the median was 10.80%.

SAU:9569's Gross Margin % is ranked worse than
79.06% of 234 companies
in the Agriculture industry
Industry Median: 22.83 vs SAU:9569: 11.34

AlMuneef Co For Trade Industry Agriculture And Contracting had a gross margin of 11.28% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for AlMuneef Co For Trade Industry Agriculture And Contracting was 0.00% per year.


AlMuneef Co For Trade Industry Agriculture And Contracting Gross Margin % Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting Gross Margin % Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data
Trend Dec21 Dec22 Dec23
Gross Margin %
- 10.25 11.34

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Gross Margin % 11.70 8.97 11.41 11.28

Competitive Comparison of AlMuneef Co For Trade Industry Agriculture And Contracting's Gross Margin %

For the Agricultural Inputs subindustry, AlMuneef Co For Trade Industry Agriculture And Contracting'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.


AlMuneef Co For Trade Industry Agriculture And Contracting's Gross Margin % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, AlMuneef Co For Trade Industry Agriculture And Contracting's Gross Margin % distribution charts can be found below:

* The bar in red indicates where AlMuneef Co For Trade Industry Agriculture And Contracting's Gross Margin % falls into.



AlMuneef Co For Trade Industry Agriculture And Contracting Gross Margin % Calculation

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

AlMuneef Co For Trade Industry Agriculture And Contracting'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 )
=27.9 / 246.296
=(Revenue - Cost of Goods Sold) / Revenue
=(246.296 - 218.359) / 246.296
=11.34 %

AlMuneef Co For Trade Industry Agriculture And Contracting'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 )
=13.8 / 121.958
=(Revenue - Cost of Goods Sold) / Revenue
=(121.958 - 108.206) / 121.958
=11.28 %

* 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.


AlMuneef Co For Trade Industry Agriculture And Contracting  (SAU:9569) 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

AlMuneef Co For Trade Industry Agriculture And Contracting had a gross margin of 11.28% for the quarter that ended in Dec. 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.


AlMuneef Co For Trade Industry Agriculture And Contracting Gross Margin % Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Traded in Other Exchanges
N/A
Address
Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314
AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Headlines

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