MeGroup (SGX:SJY) Gross Margin % : 9.91% (As of Sep. 2023)

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What is MeGroup Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MeGroup's Gross Profit for the six months ended in Sep. 2023 was S$6.3 Mil. MeGroup's Revenue for the six months ended in Sep. 2023 was S$63.4 Mil. Therefore, MeGroup's Gross Margin % for the quarter that ended in Sep. 2023 was 9.91%.

Warning Sign:

MeGroup Ltd gross margin has been in long-term decline. The average rate of decline per year is -6.9%.

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

SGX:SJY' s Gross Margin % Range Over the Past 10 Years
Min: 2.77 Med: 10.3 Max: 13.47
Current: 9.78

During the past 8 years, the highest Gross Margin % of MeGroup was 13.47%. The lowest was 2.77%. And the median was 10.30%.

SGX:SJY's Gross Margin % is not ranked
in the Vehicles & Parts industry.
Industry Median: 19.545 vs SGX:SJY: 9.78

MeGroup had a gross margin of 9.91% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for MeGroup was -6.90% per year.

MeGroup Gross Margin % Historical Data

The historical data trend for MeGroup'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.

MeGroup Gross Margin % Chart

MeGroup Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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10.07

10.78

10.53

8.28

9.23

MeGroup Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial										7.14	8.80	8.78	9.65	9.91

Competitive Comparison of MeGroup's Gross Margin %

For the Auto & Truck Dealerships subindustry, MeGroup'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.

MeGroup's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MeGroup's Gross Margin % distribution charts can be found below:

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

MeGroup Gross Margin % Calculation

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

MeGroup's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	11.7	/	126.57
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(126.57 - 114.89)	/	126.57
	=	9.23 %

MeGroup's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	6.3	/	63.387
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(63.387 - 57.105)	/	63.387
	=	9.91 %

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.

MeGroup (SGX:SJY) 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

MeGroup had a gross margin of 9.91% for the quarter that ended in Sep. 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.

MeGroup Gross Margin % Related Terms

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MeGroup (SGX:SJY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MeGroup Ltd (SGX:SJY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Cecil Street, No. 14-01 Keck Seng Tower, Singapore, SGP, 069535

Website

https://www.me-grp.com

MeGroup Ltd is an automotive company. The company is involved in the manufacturing of noise, vibration, and harshness (NVH) and non-NVH components for the automotive industry. The business activities of the group function through the manufacturing business and dealership business segments where the manufacturing business segment specializes in manufacturing NVH components such as headliners and engine outers which are incorporated into various parts of automobiles, including the ceiling, dashboard, hood, and boot, as well as non-NVH components such as parcel trays and board assembly decks and the dealership business derives the majority of revenue which comprises several 3S and 4S automobile dealerships for the sale of new automobiles.

MeGroup (SGX:SJY) Headlines

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