AGP (TSE:9377) Gross Margin % : 19.69% (As of Dec. 2023)

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What is AGP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. AGP's Gross Profit for the three months ended in Dec. 2023 was 円647 Mil. AGP's Revenue for the three months ended in Dec. 2023 was 円3,284 Mil. Therefore, AGP's Gross Margin % for the quarter that ended in Dec. 2023 was 19.69%.

Warning Sign:

AGP Corp gross margin has been in long-term decline. The average rate of decline per year is -9.9%.

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

TSE:9377' s Gross Margin % Range Over the Past 10 Years
Min: 7.41 Med: 16.05 Max: 18.59
Current: 18.59

During the past 13 years, the highest Gross Margin % of AGP was 18.59%. The lowest was 7.41%. And the median was 16.05%.

TSE:9377's Gross Margin % is ranked worse than
54.01% of 948 companies
in the Transportation industry
Industry Median: 20.035 vs TSE:9377: 18.59

AGP had a gross margin of 19.69% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for AGP was -9.90% per year.

AGP Gross Margin % Historical Data

The historical data trend for AGP'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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AGP Gross Margin % Chart

AGP Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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17.04

17.93

7.41

10.19

14.22

AGP 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															15.56	20.43	16.53	17.51	19.69

Competitive Comparison of AGP's Gross Margin %

For the Airports & Air Services subindustry, AGP'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.

AGP's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, AGP's Gross Margin % distribution charts can be found below:

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

AGP Gross Margin % Calculation

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

AGP'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 )
	=	1570.4	/	11039.908
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11039.908 - 9469.529)	/	11039.908
	=	14.22 %

AGP'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 )
	=	646.5	/	3284.207
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3284.207 - 2637.688)	/	3284.207
	=	19.69 %

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.

AGP (TSE:9377) 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

AGP had a gross margin of 19.69% 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.

AGP Gross Margin % Related Terms

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AGP (TSE:9377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AGP Corp (TSE:9377) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 No. 1, Haneda Airport, Ota-ku, Airport Building No. 2 General Building, Tokyo, JPN, 144-0041

Website

http://www.agpgroup.co.jp

AGP Corp is engaged in supplying electric power and other services for aircraft. Its business activities are divided into six divisions. Power business division supplies power to aircraft as electricity, air conditioning and compressed air. Maintenance and facility business is responsible for maintaining electrical equipment, air-conditioning equipment, sanitation equipment, firefighting equipment, Lifting equipment, among others. Security business manages airport security equipments such as metal detectors, explosive detection equipment. Food system solution business develops, manufactures and sells a new hood cart that makes full use of know-how on in-flight meal cart. Factory vegetable production business. Jet support business offers hangar parking machine and aircraft cleaning.

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