Boyd Group Services (TSX:BYD) Gross Margin % : 45.47% (As of Dec. 2023)

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What is Boyd Group Services Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Boyd Group Services's Gross Profit for the three months ended in Dec. 2023 was C$451 Mil. Boyd Group Services's Revenue for the three months ended in Dec. 2023 was C$993 Mil. Therefore, Boyd Group Services's Gross Margin % for the quarter that ended in Dec. 2023 was 45.47%.

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

TSX:BYD' s Gross Margin % Range Over the Past 10 Years
Min: 44.7 Med: 45.61 Max: 46.15
Current: 45.49

During the past 13 years, the highest Gross Margin % of Boyd Group Services was 46.15%. The lowest was 44.70%. And the median was 45.61%.

TSX:BYD's Gross Margin % is ranked better than
51.46% of 103 companies
in the Personal Services industry
Industry Median: 44.84 vs TSX:BYD: 45.49

Boyd Group Services had a gross margin of 45.47% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Boyd Group Services was -0.10% per year.

Boyd Group Services Gross Margin % Historical Data

The historical data trend for Boyd Group Services'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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Boyd Group Services Gross Margin % Chart

Boyd Group Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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45.39

46.05

44.82

44.70

45.49

Boyd Group Services 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															44.28	45.74	45.49	45.25	45.47

Competitive Comparison of Boyd Group Services's Gross Margin %

For the Personal Services subindustry, Boyd Group Services'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.

Boyd Group Services's Gross Margin % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Boyd Group Services's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Boyd Group Services's Gross Margin % falls into.

Boyd Group Services Gross Margin % Calculation

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

Boyd Group Services'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 )
	=	1797.8	/	3952.338
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3952.338 - 2154.508)	/	3952.338
	=	45.49 %

Boyd Group Services'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 )
	=	451.5	/	992.803
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(992.803 - 541.341)	/	992.803
	=	45.47 %

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.

Boyd Group Services (TSX:BYD) 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

Boyd Group Services had a gross margin of 45.47% for the quarter that ended in Dec. 2023 => Durable 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.

Boyd Group Services Gross Margin % Related Terms

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Boyd Group Services (TSX:BYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Boyd Group Services Inc (TSX:BYD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BYDGF:USA

Address

1745 Ellice Avenue, Unit C1, Winnipeg, MB, CAN, R3H 1A6

Website

https://www.boydgroup.com

Boyd Group Services Inc is engaged in operating non-franchised collision repair centers in North America. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a retail auto glass operator in the United States, under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com. In addition, the Company operates a third-party administrator, Gerber National Claims Services (GNCS), that offers glass, emergency roadside, and first notice of loss services.