Grandy House (TSE:8999) Gross Margin % : 13.90% (As of Dec. 2023)

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What is Grandy House Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Grandy House's Gross Profit for the three months ended in Dec. 2023 was 円1,776 Mil. Grandy House's Revenue for the three months ended in Dec. 2023 was 円12,776 Mil. Therefore, Grandy House's Gross Margin % for the quarter that ended in Dec. 2023 was 13.90%.

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

TSE:8999' s Gross Margin % Range Over the Past 10 Years
Min: 15.35 Med: 17.48 Max: 19.11
Current: 15.35

During the past 13 years, the highest Gross Margin % of Grandy House was 19.11%. The lowest was 15.35%. And the median was 17.48%.

TSE:8999's Gross Margin % is ranked worse than
83.9% of 1658 companies
in the Real Estate industry
Industry Median: 36.66 vs TSE:8999: 15.35

Grandy House had a gross margin of 13.90% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Grandy House was 1.00% per year.

Grandy House Gross Margin % Historical Data

The historical data trend for Grandy House'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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Grandy House Gross Margin % Chart

Grandy House Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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18.08

17.09

17.33

19.11

17.71

Grandy House Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															17.56	16.29	16.02	15.11	13.90

Competitive Comparison of Grandy House's Gross Margin %

For the Real Estate Services subindustry, Grandy House'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.

Grandy House's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Grandy House's Gross Margin % distribution charts can be found below:

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

Grandy House Gross Margin % Calculation

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

Grandy House'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 )
	=	9777.4	/	55205.407
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(55205.407 - 45428.056)	/	55205.407
	=	17.71 %

Grandy House'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 )
	=	1776	/	12775.865
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12775.865 - 10999.909)	/	12775.865
	=	13.90 %

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.

Grandy House (TSE:8999) 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

Grandy House had a gross margin of 13.90% 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.

Grandy House Gross Margin % Related Terms

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Grandy House (TSE:8999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grandy House Corp (TSE:8999) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-3-18, Odori, Tochigi Prefecture, UTSUNOMIYA, JPN, 3320-081

Website

https://www.grandy.co.jp

Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.

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