Turnall Holdings (XZIM:TURN.ZW) Gross Margin % : 22.58% (As of Jun. 2023)

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What is Turnall Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Turnall Holdings's Gross Profit for the six months ended in Jun. 2023 was ZWL4,062 Mil. Turnall Holdings's Revenue for the six months ended in Jun. 2023 was ZWL17,985 Mil. Therefore, Turnall Holdings's Gross Margin % for the quarter that ended in Jun. 2023 was 22.58%.

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

XZIM:TURN.ZW' s Gross Margin % Range Over the Past 10 Years
Min: 1.82 Med: 32.79 Max: 41.19
Current: 1.82

During the past 7 years, the highest Gross Margin % of Turnall Holdings was 41.19%. The lowest was 1.82%. And the median was 32.79%.

XZIM:TURN.ZW's Gross Margin % is ranked worse than
93.1% of 1609 companies
in the Construction industry
Industry Median: 19.2 vs XZIM:TURN.ZW: 1.82

Turnall Holdings had a gross margin of 22.58% for the quarter that ended in Jun. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Turnall Holdings was 2.50% per year.

Turnall Holdings Gross Margin % Historical Data

The historical data trend for Turnall Holdings'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.

* Premium members only.

Turnall Holdings Gross Margin % Chart

Turnall Holdings Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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35.41

32.79

33.03

41.19

31.44

Turnall Holdings Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial										24.24	47.02	50.74	88.29	22.58

Competitive Comparison of Turnall Holdings's Gross Margin %

For the Building Products & Equipment subindustry, Turnall Holdings'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.

Turnall Holdings's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Turnall Holdings's Gross Margin % distribution charts can be found below:

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

Turnall Holdings Gross Margin % Calculation

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

Turnall Holdings's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	2641.3	/	8401.254
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8401.254 - 5759.956)	/	8401.254
	=	31.44 %

Turnall Holdings's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	4061.5	/	17984.798
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(17984.798 - 13923.288)	/	17984.798
	=	22.58 %

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.

Turnall Holdings (XZIM:TURN.ZW) 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

Turnall Holdings had a gross margin of 22.58% for the quarter that ended in Jun. 2023 => 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.

Turnall Holdings Gross Margin % Related Terms

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Turnall Holdings (XZIM:TURN.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Turnall Holdings Ltd (XZIM:TURN.ZW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Glasgow Road, Workington, P.O. Box 3985, Southerton, Harare, ZWE

Website

https://www.turnall.co.zw

Turnall Holdings Ltd is a Zimbabwe-based company, which is engaged in the production of building and construction materials comprising corrugated sheeting, flat sheets, pressure pipes, sewer pipes, concrete roofing tiles, and related accessories. It operates through segments, which include Building Products, Piping products, and Concrete tiles. The Building Products segment which earns the majority of revenue is engaged in the production of roofing sheets, flat sheets, and molded goods. Its Piping products segment is engaged in the production of water and sewer reticulation pipes. The Concrete tile segment is engaged in the production of concrete roofing products. Geographically, it derives maximum revenue from Zimbabwe.

Turnall Holdings (XZIM:TURN.ZW) Headlines

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