Grino Ecologic (XMAD:GRI) Gross Margin % : 51.25% (As of Jun. 2023)

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What is Grino Ecologic Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Grino Ecologic's Gross Profit for the six months ended in Jun. 2023 was €17.51 Mil. Grino Ecologic's Revenue for the six months ended in Jun. 2023 was €34.17 Mil. Therefore, Grino Ecologic's Gross Margin % for the quarter that ended in Jun. 2023 was 51.25%.

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

XMAD:GRI' s Gross Margin % Range Over the Past 10 Years
Min: 48.91 Med: 53.79 Max: 66.77
Current: 50.55

During the past 13 years, the highest Gross Margin % of Grino Ecologic was 66.77%. The lowest was 48.91%. And the median was 53.79%.

XMAD:GRI's Gross Margin % is not ranked
in the Waste Management industry.
Industry Median: 28.25 vs XMAD:GRI: 50.55

Grino Ecologic had a gross margin of 51.25% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Grino Ecologic was -0.60% per year.

Grino Ecologic Gross Margin % Historical Data

The historical data trend for Grino Ecologic'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.

Grino Ecologic Gross Margin % Chart

Grino Ecologic Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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48.91

49.81

52.71

52.47

49.81

Grino Ecologic Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial															52.33	52.61	49.79	49.82	51.25

Competitive Comparison of Grino Ecologic's Gross Margin %

For the Waste Management subindustry, Grino Ecologic'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.

Grino Ecologic's Gross Margin % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Grino Ecologic's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Grino Ecologic's Gross Margin % falls into.

Grino Ecologic Gross Margin % Calculation

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

Grino Ecologic'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 )
	=	31	/	62.237
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(62.237 - 31.238)	/	62.237
	=	49.81 %

Grino Ecologic'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 )
	=	17.5	/	34.174
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(34.174 - 16.661)	/	34.174
	=	51.25 %

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.

Grino Ecologic (XMAD:GRI) 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

Grino Ecologic had a gross margin of 51.25% for the quarter that ended in Jun. 2023 => Durable 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.

Grino Ecologic Gross Margin % Related Terms

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Grino Ecologic (XMAD:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Grino Ecologic (XMAD:GRI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Placa Sant Joan 10, 6th Floor, Lleida, ESP, 25007

Website

http://www.grinyo.com

Grino Ecologic is a group of industrial companies which focuses on environmental services and green energy generation. The company operates in environmental services, waste treatment, energy, and construction.