Cuong Wood - Working JSC (STC:ACG) Gross Margin % : 30.79% (As of Mar. 2024)

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What is Cuong Wood - Working JSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cuong Wood - Working JSC's Gross Profit for the three months ended in Mar. 2024 was ₫213,976 Mil. Cuong Wood - Working JSC's Revenue for the three months ended in Mar. 2024 was ₫694,978 Mil. Therefore, Cuong Wood - Working JSC's Gross Margin % for the quarter that ended in Mar. 2024 was 30.79%.

The historical rank and industry rank for Cuong Wood - Working JSC's Gross Margin % or its related term are showing as below:

STC:ACG' s Gross Margin % Range Over the Past 10 Years
Min: 24.85 Med: 27.2 Max: 29.94
Current: 29.94

During the past 5 years, the highest Gross Margin % of Cuong Wood - Working JSC was 29.94%. The lowest was 24.85%. And the median was 27.20%.

STC:ACG's Gross Margin % is ranked better than
66.78% of 283 companies
in the Forest Products industry
Industry Median: 19.39 vs STC:ACG: 29.94

Cuong Wood - Working JSC had a gross margin of 30.79% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Cuong Wood - Working JSC was 0.00% per year.

Cuong Wood - Working JSC Gross Margin % Historical Data

The historical data trend for Cuong Wood - Working JSC'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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Cuong Wood - Working JSC Gross Margin % Chart

Cuong Wood - Working JSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

24.85

27.12

27.20

29.89

29.44

Cuong Wood - Working JSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial									28.07	28.88	30.99	29.43	30.79

Competitive Comparison of Cuong Wood - Working JSC's Gross Margin %

For the Lumber & Wood Production subindustry, Cuong Wood - Working JSC'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.

Cuong Wood - Working JSC's Gross Margin % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Cuong Wood - Working JSC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cuong Wood - Working JSC's Gross Margin % falls into.

Cuong Wood - Working JSC Gross Margin % Calculation

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

Cuong Wood - Working JSC'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 )
	=	1107613.1	/	3762129.252
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3762129.252 - 2654516.189)	/	3762129.252
	=	29.44 %

Cuong Wood - Working JSC's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	213976.1	/	694977.578
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(694977.578 - 481001.447)	/	694977.578
	=	30.79 %

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.

Cuong Wood - Working JSC (STC:ACG) 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

Cuong Wood - Working JSC had a gross margin of 30.79% for the quarter that ended in Mar. 2024 => 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.

Cuong Wood - Working JSC Gross Margin % Related Terms

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Cuong Wood - Working JSC (STC:ACG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cuong Wood - Working JSC (STC:ACG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

DT 747B Street, Plot 681, map sheet 05, Phuoc Hai Ward, Thai Hoa Ward,, Binh Duong Province,, Tan Uyen Town, VNM

Website

https://www.ancuong.com

Cuong Wood - Working JSC manufacture woodworking and decorative materials. It engages in sawing, planing and preserving wood.; Manufacture of beds, cabinets, tables, and chairs; Processing of interior decoration products; Producing plywood, veneer, plywood, and other thin boards. Its products comprise MFC, Melamine MDF, laminates, acrylic, veneer, and other by-products.

Cuong Wood - Working JSC (STC:ACG) Headlines

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