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Lee Feed Mill PCL (BKK:LEE-F) Gross Margin % : 8.78% (As of Dec. 2023)


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What is Lee Feed Mill PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Lee Feed Mill PCL's Gross Profit for the three months ended in Dec. 2023 was ฿64 Mil. Lee Feed Mill PCL's Revenue for the three months ended in Dec. 2023 was ฿728 Mil. Therefore, Lee Feed Mill PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 8.78%.

Warning Sign:

Lee Feed Mill PCL gross margin has been in long-term decline. The average rate of decline per year is -12.5%.


The historical rank and industry rank for Lee Feed Mill PCL's Gross Margin % or its related term are showing as below:

BKK:LEE-F' s Gross Margin % Range Over the Past 10 Years
Min: 5.84   Med: 10.33   Max: 13.81
Current: 7.76


During the past 13 years, the highest Gross Margin % of Lee Feed Mill PCL was 13.81%. The lowest was 5.84%. And the median was 10.33%.

BKK:LEE-F's Gross Margin % is ranked worse than
87.6% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.32 vs BKK:LEE-F: 7.76

Lee Feed Mill PCL had a gross margin of 8.78% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Lee Feed Mill PCL was -12.50% per year.


Lee Feed Mill PCL Gross Margin % Historical Data

The historical data trend for Lee Feed Mill PCL'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.

Lee Feed Mill PCL Gross Margin % Chart

Lee Feed Mill PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.68 13.81 7.59 5.84 7.76

Lee Feed Mill PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.50 5.53 7.38 9.21 8.78

Competitive Comparison of Lee Feed Mill PCL's Gross Margin %

For the Packaged Foods subindustry, Lee Feed Mill PCL'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.


Lee Feed Mill PCL's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lee Feed Mill PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Lee Feed Mill PCL's Gross Margin % falls into.



Lee Feed Mill PCL Gross Margin % Calculation

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

Lee Feed Mill PCL'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 )
=227.1 / 2924.572
=(Revenue - Cost of Goods Sold) / Revenue
=(2924.572 - 2697.494) / 2924.572
=7.76 %

Lee Feed Mill PCL'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 )
=63.9 / 728.11
=(Revenue - Cost of Goods Sold) / Revenue
=(728.11 - 664.208) / 728.11
=8.78 %

* 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.


Lee Feed Mill PCL  (BKK:LEE-F) 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

Lee Feed Mill PCL had a gross margin of 8.78% for the quarter that ended in Dec. 2023 => 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.


Lee Feed Mill PCL Gross Margin % Related Terms

Thank you for viewing the detailed overview of Lee Feed Mill PCL's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Lee Feed Mill PCL (BKK:LEE-F) Business Description

Traded in Other Exchanges
Address
33/137 Surawong Road, 28th Floor, Wall Street Tower, Bangrak, Bangkok, THA, 10500
Lee Feed Mill PCL engages in the production, and distribution of animal feed for both livestock, and aquaculture in concentrated pellet and powder forms, as well as feed for swine, chickens, ducks, cattle, fish, and shrimp, under the brand names of Lee, Win, Max, and Pro-Grade. The company operates through the following segments: Manufacture and Distribution of Animal Feed, Crop Drying, Experimental Farming, and Crop Farming. It offers pet food, land-animal feed, and aquatic animal feed. The company is also involved in breeding broiler chicks; silo grain storage as well as rental farming businesses. Its operations are majorly carried out in Thailand.

Lee Feed Mill PCL (BKK:LEE-F) Headlines

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