Belc Co (TSE:9974) Gross Margin % : 27.47% (As of Nov. 2023)

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What is Belc Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Belc Co's Gross Profit for the three months ended in Nov. 2023 was 円24,229 Mil. Belc Co's Revenue for the three months ended in Nov. 2023 was 円88,204 Mil. Therefore, Belc Co's Gross Margin % for the quarter that ended in Nov. 2023 was 27.47%.

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

TSE:9974' s Gross Margin % Range Over the Past 10 Years
Min: 25.77 Med: 26.33 Max: 28.91
Current: 28.41

During the past 13 years, the highest Gross Margin % of Belc Co was 28.91%. The lowest was 25.77%. And the median was 26.33%.

TSE:9974's Gross Margin % is ranked better than
67.74% of 310 companies
in the Retail - Defensive industry
Industry Median: 22.835 vs TSE:9974: 28.41

Belc Co had a gross margin of 27.47% for the quarter that ended in Nov. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Belc Co was 2.00% per year.

Belc Co Gross Margin % Historical Data

The historical data trend for Belc Co'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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Belc Co Gross Margin % Chart

Belc Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Gross Margin %

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26.25

25.77

26.09

28.91

28.41

Belc Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Margin %	Get a 7-Day Free Trial															29.67	28.39	29.28	27.47	28.48

Competitive Comparison of Belc Co's Gross Margin %

For the Grocery Stores subindustry, Belc Co'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.

Belc Co's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Belc Co's Gross Margin % falls into.

Belc Co Gross Margin % Calculation

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

Belc Co's Gross Margin for the fiscal year that ended in Feb. 2024 is calculated as

Gross Margin % (A: Feb. 2024 )	=	Gross Profit (A: Feb. 2024 )	/	Revenue (A: Feb. 2024 )
	=	99949	/	351856
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(351856 - 251907)	/	351856
	=	28.41 %

Belc Co's Gross Margin for the quarter that ended in Nov. 2023 is calculated as

Gross Margin % (Q: Nov. 2023 )	=	Gross Profit (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	24229	/	88204
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(88204 - 63975)	/	88204
	=	27.47 %

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.

Belc Co (TSE:9974) 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

Belc Co had a gross margin of 27.47% for the quarter that ended in Nov. 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.

Belc Co Gross Margin % Related Terms

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Belc Co (TSE:9974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Belc Co Ltd (TSE:9974) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5456 Yodo Yorii-machi, Osato-gun, Saitama, JPN, 369-1298

Website

http://www.belc.co.jp

Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on the Saitama prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities and processed food. Belc Co. Ltd also provides services to its stores including chain management and cleaning.

Belc Co (TSE:9974) Headlines

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