Mullen Group (TSX:MTL) Gross Margin % : 22.52% (As of Mar. 2024)

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What is Mullen Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Mullen Group's Gross Profit for the three months ended in Mar. 2024 was C$104 Mil. Mullen Group's Revenue for the three months ended in Mar. 2024 was C$463 Mil. Therefore, Mullen Group's Gross Margin % for the quarter that ended in Mar. 2024 was 22.52%.

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

TSX:MTL' s Gross Margin % Range Over the Past 10 Years
Min: 20.11 Med: 22.8 Max: 25.04
Current: 23.7

During the past 13 years, the highest Gross Margin % of Mullen Group was 25.04%. The lowest was 20.11%. And the median was 22.80%.

TSX:MTL's Gross Margin % is ranked better than
59.89% of 945 companies
in the Transportation industry
Industry Median: 20.14 vs TSX:MTL: 23.70

Mullen Group had a gross margin of 22.52% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Mullen Group was 2.40% per year.

Mullen Group Gross Margin % Historical Data

The historical data trend for Mullen 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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Mullen Group Gross Margin % Chart

Mullen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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20.11

22.86

20.85

22.96

23.76

Mullen Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															22.83	24.64	24.39	23.17	22.52

Competitive Comparison of Mullen Group's Gross Margin %

For the Trucking subindustry, Mullen 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.

Mullen Group's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's Gross Margin % distribution charts can be found below:

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

Mullen Group Gross Margin % Calculation

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

Mullen Group'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 )
	=	473.9	/	1994.721
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1994.721 - 1520.845)	/	1994.721
	=	23.76 %

Mullen Group's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	104.2	/	462.585
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(462.585 - 358.398)	/	462.585
	=	22.52 %

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.

Mullen Group (TSX:MTL) 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

Mullen Group had a gross margin of 22.52% for the quarter that ended in Mar. 2024 => 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.

Mullen Group Gross Margin % Related Terms

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Mullen Group (TSX:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (TSX:MTL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany

Address

121A - 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.