Samsonite International (HKSE:01910) Gross Margin % : 59.92% (As of Dec. 2023)

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What is Samsonite International Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Samsonite International's Gross Profit for the three months ended in Dec. 2023 was HK$4,438 Mil. Samsonite International's Revenue for the three months ended in Dec. 2023 was HK$7,408 Mil. Therefore, Samsonite International's Gross Margin % for the quarter that ended in Dec. 2023 was 59.92%.

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

HKSE:01910' s Gross Margin % Range Over the Past 10 Years
Min: 45.96 Med: 54.97 Max: 59.76
Current: 59.76

During the past 13 years, the highest Gross Margin % of Samsonite International was 59.76%. The lowest was 45.96%. And the median was 54.97%.

HKSE:01910's Gross Margin % is ranked better than
90.49% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.22 vs HKSE:01910: 59.76

Samsonite International had a gross margin of 59.92% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Samsonite International was 1.20% per year.

Samsonite International Gross Margin % Historical Data

The historical data trend for Samsonite International'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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Samsonite International Gross Margin % Chart

Samsonite International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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55.42

45.96

54.51

55.75

59.28

Samsonite International Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															55.03	56.54	-	59.61	59.92

Competitive Comparison of Samsonite International's Gross Margin %

For the Footwear & Accessories subindustry, Samsonite International'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.

Samsonite International's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Samsonite International's Gross Margin % distribution charts can be found below:

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

Samsonite International Gross Margin % Calculation

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

Samsonite International'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 )
	=	17047.2	/	28758.808
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(28758.808 - 11711.577)	/	28758.808
	=	59.28 %

Samsonite International'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 )
	=	4438.3	/	7407.595
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7407.595 - 2969.286)	/	7407.595
	=	59.92 %

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.

Samsonite International (HKSE:01910) 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

Samsonite International had a gross margin of 59.92% 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.

Samsonite International Gross Margin % Related Terms

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Samsonite International (HKSE:01910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Samsonite International SA (HKSE:01910) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SMSOF:USA SMSEY:USA 1SO:Germany

Address

13-15, Avenue de la Liberte, Luxembourg, LUX, L-1931

Website

https://corporate.samsonite.com/en/home.html

Samsonite is the world's largest luggage company with a 19.5% market share in 2018. The company produces and sells travel luggage under various brands targeting the mid-market to high-end consumers. The group's key brand is Samsonite, whose market presence is well established, followed by Tumi, the high-end brand acquired in 2016, which alongside mass-market brand American Tourister, are the next largest earnings contributors. The majority of its products are manufactured by third parties, but Samsonite does produce its own select proprietary materials. Except for Tumi, most of its products are sold to retailers, but the acquisition of online retailer eBags in early 2017 is boosting its online sales channel direct to consumers.

Samsonite International (HKSE:01910) Headlines

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