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MasterCraft Boat Holdings (MasterCraft Boat Holdings) Gross Margin % : 18.83% (As of Dec. 2023)


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What is MasterCraft Boat Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MasterCraft Boat Holdings's Gross Profit for the three months ended in Dec. 2023 was $18.7 Mil. MasterCraft Boat Holdings's Revenue for the three months ended in Dec. 2023 was $99.5 Mil. Therefore, MasterCraft Boat Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 18.83%.


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

MCFT' s Gross Margin % Range Over the Past 10 Years
Min: 20.76   Med: 25.92   Max: 27.76
Current: 23.48


During the past 11 years, the highest Gross Margin % of MasterCraft Boat Holdings was 27.76%. The lowest was 20.76%. And the median was 25.92%.

MCFT's Gross Margin % is ranked better than
63.46% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 19.36 vs MCFT: 23.48

MasterCraft Boat Holdings had a gross margin of 18.83% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for MasterCraft Boat Holdings was 0.60% per year.


MasterCraft Boat Holdings Gross Margin % Historical Data

The historical data trend for MasterCraft Boat 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.

MasterCraft Boat Holdings Gross Margin % Chart

MasterCraft Boat Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.26 20.76 26.85 26.21 25.63

MasterCraft Boat Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.01 25.54 25.76 20.95 18.83

Competitive Comparison of MasterCraft Boat Holdings's Gross Margin %

For the Recreational Vehicles subindustry, MasterCraft Boat 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.


MasterCraft Boat Holdings's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MasterCraft Boat Holdings's Gross Margin % distribution charts can be found below:

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



MasterCraft Boat Holdings Gross Margin % Calculation

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

MasterCraft Boat Holdings's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )=Gross Profit (A: Jun. 2023 ) / Revenue (A: Jun. 2023 )
=169.7 / 662.046
=(Revenue - Cost of Goods Sold) / Revenue
=(662.046 - 492.333) / 662.046
=25.63 %

MasterCraft Boat Holdings'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 )
=18.7 / 99.481
=(Revenue - Cost of Goods Sold) / Revenue
=(99.481 - 80.752) / 99.481
=18.83 %

* 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.

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.


MasterCraft Boat Holdings  (NAS:MCFT) 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

MasterCraft Boat Holdings had a gross margin of 18.83% 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.


MasterCraft Boat Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of MasterCraft Boat Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


MasterCraft Boat Holdings (MasterCraft Boat Holdings) Business Description

Traded in Other Exchanges
Address
100 Cherokee Cove Drive, Vonore, TN, USA, 37885
MasterCraft Boat Holdings Inc designs, manufactures, and markets performance sport boats and outboard boats. The company is based in the United States and operates in three brand-specific segments. The MasterCraft segment generates the majority of the company's revenue and includes inboard boats for water skiing, wakeboarding, and wake surfing. The NauticStar segment includes outboard boats for fishing and recreational boating. Its Crest boats are used for general recreational boating. the majority of the company's sales are made in North America.
Executives
Donald C Campion director 3747 LOCH BEND DR., COMMERCE MI 48382
Coliseum Capital Management, Llc 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Kamilah Mitchell-thomas director C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Coliseum Capital Partners, L.p. 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Adam Gray 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Coliseum Capital, Llc 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Christopher S Shackelton 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Stephan Cloutier officer: President, Aviara C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jennifer Deason director 1040 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10018
Peter G Leemputte director CHICAGO TITLE CORP, 171 N CLARK ST, CHICAGO IL 80601
Roch Lambert director 100 CHEROKEE COVE DRIVE, VONORE TN 37855
George Steinbarger officer: Chief Revenue Officer 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Timothy M. Oxley officer: Chief Financial Officer C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855
Scott Womack officer: President, NauticStar 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jay S. Povlin officer: President, NauticStar C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855