The historical rank and industry rank for The Shyft Group's Gross Margin % or its related term are showing as below:
SHYF'
s Gross Margin % Range Over the Past 10 Years
Min: 8.56 Med: 15.52 Max: 21.64
Current: 17.12
During the past 13 years, the highestGross Margin % of The Shyft Group was 21.64%. The lowest was 8.56%. And the median was 15.52%.
SHYF's Gross Margin % is ranked worse than 74.27% of 206
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.36
vs SHYF: 17.12
The Shyft Group had a gross margin of 17.21% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for The Shyft Group was 5.20% per year.
The Shyft Group Gross Margin % Historical Data
The historical data trend for The Shyft 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.
Competitive Comparison of The Shyft Group's Gross Margin %
For the Farm & Heavy Construction Machinery subindustry, The Shyft 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.
The Shyft Group's Gross Margin % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where The Shyft Group's Gross Margin % falls into.
* 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.
The Shyft Group (NAS:SHYF) 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
The Shyft Group had a gross margin of 17.21% for the quarter that ended in Mar. 2024 => 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.
The Shyft Group Gross Margin % Related Terms
Thank you for viewing the detailed overview of The Shyft Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Shyft Group (The Shyft Group) Business Description
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
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