Ricoh Leasing Co (TSE:8566) Gross Margin % : 14.36% (As of Dec. 2023)

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What is Ricoh Leasing Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ricoh Leasing Co's Gross Profit for the three months ended in Dec. 2023 was 円11,436 Mil. Ricoh Leasing Co's Revenue for the three months ended in Dec. 2023 was 円79,657 Mil. Therefore, Ricoh Leasing Co's Gross Margin % for the quarter that ended in Dec. 2023 was 14.36%.

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

TSE:8566' s Gross Margin % Range Over the Past 10 Years
Min: 10.27 Med: 11.27 Max: 14.78
Current: 14.78

During the past 13 years, the highest Gross Margin % of Ricoh Leasing Co was 14.78%. The lowest was 10.27%. And the median was 11.27%.

TSE:8566's Gross Margin % is ranked worse than
89.42% of 359 companies
in the Credit Services industry
Industry Median: 54.12 vs TSE:8566: 14.78

Ricoh Leasing Co had a gross margin of 14.36% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ricoh Leasing Co was 8.30% per year.

Ricoh Leasing Co Gross Margin % Historical Data

The historical data trend for Ricoh Leasing 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.

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Ricoh Leasing Co Gross Margin % Chart

Ricoh Leasing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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10.59

11.56

13.18

14.48

14.78

Ricoh Leasing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															14.69	14.35	15.37	14.36	15.06

Competitive Comparison of Ricoh Leasing Co's Gross Margin %

For the Credit Services subindustry, Ricoh Leasing 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.

Ricoh Leasing Co's Gross Margin % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ricoh Leasing Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Ricoh Leasing Co's Gross Margin % falls into.

Ricoh Leasing Co Gross Margin % Calculation

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

Ricoh Leasing Co's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	45567	/	308335
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(308335 - 262768)	/	308335
	=	14.78 %

Ricoh Leasing Co'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 )
	=	11436	/	79657
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(79657 - 68221)	/	79657
	=	14.36 %

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.

Ricoh Leasing Co (TSE:8566) 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

Ricoh Leasing Co had a gross margin of 14.36% 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.

Ricoh Leasing Co Gross Margin % Related Terms

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Ricoh Leasing Co (TSE:8566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ricoh Leasing Co Ltd (TSE:8566) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-12 Shinonome, Koto-ku, Tokyo, JPN, 135-8518

Website

http://www.r-lease.co.jp

Ricoh Leasing has two primary businesses: lease and installments, and financial services. The lease and installments business, which accounts for the vast majority of the company's revenue, provides business leasing, rental, installment, and credit products for business equipment, information-related equipment, medical equipment, and environment-related equipment. In the financial-services business, Ricoh provides loans to individuals, doctors, and corporations. It also serves as an agent to collect accounts receivable and provide billing services, and it has a credit card business and an asset-management service.

Ricoh Leasing Co (TSE:8566) Headlines

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