CT Automotive Group (LSE:CTA) Gross Margin % : 26.18% (As of Jun. 2023)

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What is CT Automotive Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CT Automotive Group's Gross Profit for the six months ended in Jun. 2023 was £14.1 Mil. CT Automotive Group's Revenue for the six months ended in Jun. 2023 was £54.0 Mil. Therefore, CT Automotive Group's Gross Margin % for the quarter that ended in Jun. 2023 was 26.18%.

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

LSE:CTA' s Gross Margin % Range Over the Past 10 Years
Min: 11.96 Med: 19.76 Max: 32.23
Current: 15.86

During the past 5 years, the highest Gross Margin % of CT Automotive Group was 32.23%. The lowest was 11.96%. And the median was 19.76%.

LSE:CTA's Gross Margin % is ranked worse than
62.57% of 1269 companies
in the Vehicles & Parts industry
Industry Median: 19.36 vs LSE:CTA: 15.86

CT Automotive Group had a gross margin of 26.18% for the quarter that ended in Jun. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for CT Automotive Group was 0.00% per year.

CT Automotive Group Gross Margin % Historical Data

The historical data trend for CT Automotive Group'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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CT Automotive Group Gross Margin % Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

32.23

26.19

19.40

19.76

11.96

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial				26.16	10.75	19.45	6.17	26.18

Competitive Comparison of CT Automotive Group's Gross Margin %

For the Auto Parts subindustry, CT Automotive Group'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.

CT Automotive Group's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CT Automotive Group's Gross Margin % distribution charts can be found below:

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

CT Automotive Group Gross Margin % Calculation

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

CT Automotive Group'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 )
	=	12.2	/	102.025
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(102.025 - 89.823)	/	102.025
	=	11.96 %

CT Automotive Group'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 )
	=	14.1	/	53.976
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(53.976 - 39.843)	/	53.976
	=	26.18 %

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.

CT Automotive Group (LSE:CTA) 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

CT Automotive Group had a gross margin of 26.18% 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.

CT Automotive Group Gross Margin % Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.