Cleanaway Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.5%.
The historical rank and industry rank for Cleanaway Co's Gross Margin % or its related term are showing as below:
TPE:8422'
s Gross Margin % Range Over the Past 10 Years
Min: 39.53 Med: 63.65 Max: 71.26
Current: 39.53
During the past 13 years, the highestGross Margin % of Cleanaway Co was 71.26%. The lowest was 39.53%. And the median was 63.65%.
TPE:8422's Gross Margin % is ranked better than 71.87% of 224
companies
in the Waste Management industry
Industry Median: 28.61
vs TPE:8422: 39.53
Cleanaway Co had a gross margin of 32.63% for the quarter that ended in Mar. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Cleanaway Co was -9.50% per year.
Cleanaway Co Gross Margin % Historical Data
The historical data trend for Cleanaway Co'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 Cleanaway Co's Gross Margin %
For the Waste Management subindustry, Cleanaway Co'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.
Cleanaway Co's Gross Margin % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Cleanaway Co'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.
Cleanaway Co (TPE:8422) 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
Cleanaway Co had a gross margin of 32.63% 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.
Cleanaway Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Cleanaway Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.
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