JB Foods (SGX:BEW) Gross Margin % : 3.03% (As of Dec. 2023)

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What is JB Foods Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. JB Foods's Gross Profit for the six months ended in Dec. 2023 was S$13.1 Mil. JB Foods's Revenue for the six months ended in Dec. 2023 was S$432.4 Mil. Therefore, JB Foods's Gross Margin % for the quarter that ended in Dec. 2023 was 3.03%.

Warning Sign:

JB Foods Ltd gross margin has been in long-term decline. The average rate of decline per year is -15.6%.

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

SGX:BEW' s Gross Margin % Range Over the Past 10 Years
Min: -1.06 Med: 8.11 Max: 15.11
Current: 6.79

During the past 13 years, the highest Gross Margin % of JB Foods was 15.11%. The lowest was -1.06%. And the median was 8.11%.

SGX:BEW's Gross Margin % is ranked worse than
88.99% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.08 vs SGX:BEW: 6.79

JB Foods had a gross margin of 3.03% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for JB Foods was -15.60% per year.

JB Foods Gross Margin % Historical Data

The historical data trend for JB Foods'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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JB Foods Gross Margin % Chart

JB Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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14.72

10.49

5.81

9.45

6.77

JB Foods 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															4.98	7.35	11.46	11.24	3.03

Competitive Comparison of JB Foods's Gross Margin %

For the Confectioners subindustry, JB Foods'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.

JB Foods's Gross Margin % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where JB Foods's Gross Margin % falls into.

JB Foods Gross Margin % Calculation

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

JB Foods'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 )
	=	53.7	/	793.647
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(793.647 - 739.934)	/	793.647
	=	6.77 %

JB Foods'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 )
	=	13.1	/	432.381
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(432.381 - 419.286)	/	432.381
	=	3.03 %

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.

JB Foods (SGX:BEW) 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

JB Foods had a gross margin of 3.03% 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.

JB Foods Gross Margin % Related Terms

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JB Foods (SGX:BEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JB Foods Ltd (SGX:BEW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot CP1, Jalan Tanjung A/6, Pelabuhan Tanjung Pelepas, Gelang Patah, MYS, 81560

Website

https://www.jbcocoa.com

JB Foods Ltd produces cocoa products. The company's products include cocoa powder, cocoa liquor, and cocoa butter. The group's products are sold primarily under the 'JB COCOA' brand name to a worldwide customer base ranging from international trade houses to end users such as food and beverage and confectionery manufacturers. The Group's key customers include Nestle Group, Mondelez Group, Mars Group, Hershey's Group, Itochu Corporation, Theobroma B.V., General Cocoa Company Inc., Olam Europe Limited, etc. The group operates in only one business segment which is the production and sale of cocoa ingredients products. Geographically the company derives most of its revenue from Singapore.

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