Kim Heng (SGX:5G2) Gross Margin % : 31.89% (As of Dec. 2023)

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What is Kim Heng Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kim Heng's Gross Profit for the six months ended in Dec. 2023 was S$18.1 Mil. Kim Heng's Revenue for the six months ended in Dec. 2023 was S$56.9 Mil. Therefore, Kim Heng's Gross Margin % for the quarter that ended in Dec. 2023 was 31.89%.

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

SGX:5G2' s Gross Margin % Range Over the Past 10 Years
Min: 14.11 Med: 26.49 Max: 34.73
Current: 32.37

During the past 12 years, the highest Gross Margin % of Kim Heng was 34.73%. The lowest was 14.11%. And the median was 26.49%.

SGX:5G2's Gross Margin % is ranked better than
56.06% of 924 companies
in the Oil & Gas industry
Industry Median: 28.055 vs SGX:5G2: 32.37

Kim Heng had a gross margin of 31.89% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Kim Heng was 15.90% per year.

Kim Heng Gross Margin % Historical Data

The historical data trend for Kim Heng'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.

Kim Heng Gross Margin % Chart

Kim Heng Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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26.86

19.73

25.39

34.73

32.37

Kim Heng 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															26.91	35.64	34.02	32.99	31.89

Competitive Comparison of Kim Heng's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Kim Heng'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.

Kim Heng's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kim Heng's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kim Heng's Gross Margin % falls into.

Kim Heng Gross Margin % Calculation

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

Kim Heng'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 )
	=	32.8	/	101.194
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(101.194 - 68.435)	/	101.194
	=	32.37 %

Kim Heng'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 )
	=	18.1	/	56.896
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(56.896 - 38.75)	/	56.896
	=	31.89 %

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.

Kim Heng (SGX:5G2) 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

Kim Heng had a gross margin of 31.89% 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.

Kim Heng Gross Margin % Related Terms

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Kim Heng (SGX:5G2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kim Heng Ltd (SGX:5G2) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48 Penjuru Road, Singapore, SGP, 609152

Website

https://www.kimheng.com.sg

Kim Heng Ltd is an integrated offshore and marine value chain service provider. It is engaged in providing services like supply chain management which includes the provision of logistics, general shipping, and crew management, and provision of offshore supply vessels and heavy lift equipment, vessel sales, and newbuild which includes purchase and refurbishment of vessels for onselling, and heavy equipment sale and rental which includes leasing, sale, maintenance, import and export of heavy equipment, and providing equipment and machinery like a crawler, lorry, and mobile cranes. The operating segments are Offshore Rig Services and Supply Chain Management, and Vessel Sales and Newbuilds where offshore rig services contribute the majority of revenue.

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