Gross Margin % is calculated as gross profit divided by its revenue. Vingroup JSC's Gross Profit for the
three
months ended in Mar. 2024 was ₫-1,955,140 Mil. Vingroup JSC's Revenue for the
three
months ended in Mar. 2024 was ₫21,738,502 Mil. Therefore, Vingroup JSC's Gross Margin % for the quarter that ended in Mar. 2024 was -8.99%.
Warning Sign:
Vingroup JSC gross margin has been in long-term decline. The average rate of decline per year is -10.8%.
The historical rank and industry rank for Vingroup JSC's Gross Margin % or its related term are showing as below:
STC:VIC'
s Gross Margin % Range Over the Past 10 Years
Min: 14.43 Med: 27.99 Max: 37.65
Current: 14.48
During the past 13 years, the highestGross Margin % of Vingroup JSC was 37.65%. The lowest was 14.43%. And the median was 27.99%.
STC:VIC's Gross Margin % is ranked worse than 84.94% of 1653
companies
in the Real Estate industry
Industry Median: 36.8
vs STC:VIC: 14.48
Vingroup JSC had a gross margin of -8.99% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Vingroup JSC was -10.80% per year.
Vingroup JSC Gross Margin % Historical Data
The historical data trend for Vingroup JSC'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.
Competitive Comparison of Vingroup JSC's Gross Margin %
For the Real Estate Services subindustry, Vingroup JSC'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.
Vingroup JSC's Gross Margin % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Vingroup JSC's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Vingroup JSC's Gross Margin % falls into.
* 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.
Vingroup JSC (STC:VIC) 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
Vingroup JSC had a gross margin of -8.99% for the quarter that ended in Mar. 2024 => 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.
Vingroup JSC Gross Margin % Related Terms
Thank you for viewing the detailed overview of Vingroup JSC's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vingroup JSC is a Vietnam-based company engaged in construction and provides retail outlets, commercial offices for lease, residential units for lease and sale. It also carries out investment activities, to provide the management service and to conduct other businesses. The company operates through the segments of Sale of inventory properties, Leasing investment properties and related services, Hospitality, entertainment and other services, Health care and related services, Education services, Retail services, Manufacturing activities, and Others. The company generates the majority of its revenue from Sale of inventory properties including developing and trading apartments and villas at real estate projects of the group.
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