Gale Pacific (ASX:GAP) Gross Margin % : 51.41% (As of Dec. 2023)

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What is Gale Pacific Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Gale Pacific's Gross Profit for the six months ended in Dec. 2023 was A$39.6 Mil. Gale Pacific's Revenue for the six months ended in Dec. 2023 was A$77.0 Mil. Therefore, Gale Pacific's Gross Margin % for the quarter that ended in Dec. 2023 was 51.41%.

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

ASX:GAP' s Gross Margin % Range Over the Past 10 Years
Min: 38 Med: 47.52 Max: 53.35
Current: 52.16

During the past 13 years, the highest Gross Margin % of Gale Pacific was 53.35%. The lowest was 38.00%. And the median was 47.52%.

ASX:GAP's Gross Margin % is ranked better than
82.07% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.35 vs ASX:GAP: 52.16

Gale Pacific had a gross margin of 51.41% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Gale Pacific was 0.30% per year.

Gale Pacific Gross Margin % Historical Data

The historical data trend for Gale Pacific'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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Gale Pacific Gross Margin % Chart

Gale Pacific Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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53.35

50.67

50.81

46.66

50.89

Gale Pacific Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															43.89	49.09	48.96	52.77	51.41

Competitive Comparison of Gale Pacific's Gross Margin %

For the Textile Manufacturing subindustry, Gale Pacific'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.

Gale Pacific's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gale Pacific's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Gale Pacific's Gross Margin % falls into.

Gale Pacific Gross Margin % Calculation

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

Gale Pacific'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 )
	=	95.4	/	187.564
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(187.564 - 92.119)	/	187.564
	=	50.89 %

Gale Pacific'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 )
	=	39.6	/	77.002
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(77.002 - 37.412)	/	77.002
	=	51.41 %

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.

Gale Pacific (ASX:GAP) 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

Gale Pacific had a gross margin of 51.41% for the quarter that ended in Dec. 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.

Gale Pacific Gross Margin % Related Terms

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Gale Pacific (ASX:GAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gale Pacific Ltd (ASX:GAP) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

145 Woodlands Drive, P.O. Box 892, Braeside, Melbourne, VIC, AUS, 3195

Website

https://www.galepacific.com

Gale Pacific Ltd is engaged in the manufacturing and marketing of branded screening and shading products for domestic, commercial, and industrial applications. The company's geographical segments include Australia/ New Zealand, the Americas, and Developing Markets. It derives a majority of its revenue from the Americas. The company brands include GALE Pacific Commercial, Coolaroo, GALE Guard, and Zone Interiors.

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