Aitken Spence (COL:SPEN.N0000) Gross Margin % : 33.41% (As of Dec. 2023)

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What is Aitken Spence Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Aitken Spence's Gross Profit for the three months ended in Dec. 2023 was රු9,106 Mil. Aitken Spence's Revenue for the three months ended in Dec. 2023 was රු27,259 Mil. Therefore, Aitken Spence's Gross Margin % for the quarter that ended in Dec. 2023 was 33.41%.

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

COL:SPEN.N0000' s Gross Margin % Range Over the Past 10 Years
Min: 7.38 Med: 27.47 Max: 47.77
Current: 31.32

During the past 13 years, the highest Gross Margin % of Aitken Spence was 47.77%. The lowest was 7.38%. And the median was 27.47%.

COL:SPEN.N0000's Gross Margin % is ranked better than
65% of 480 companies
in the Conglomerates industry
Industry Median: 24.83 vs COL:SPEN.N0000: 31.32

Aitken Spence had a gross margin of 33.41% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Aitken Spence was 0.20% per year.

Aitken Spence Gross Margin % Historical Data

The historical data trend for Aitken Spence'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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Aitken Spence Gross Margin % Chart

Aitken Spence Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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26.64

22.59

7.38

28.29

32.38

Aitken Spence 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															33.93	36.51	24.16	27.15	33.41

Competitive Comparison of Aitken Spence's Gross Margin %

For the Conglomerates subindustry, Aitken Spence'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.

Aitken Spence's Gross Margin % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aitken Spence's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Aitken Spence's Gross Margin % falls into.

Aitken Spence Gross Margin % Calculation

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

Aitken Spence's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	31404.2	/	96988.994
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(96988.994 - 65584.817)	/	96988.994
	=	32.38 %

Aitken Spence'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 )
	=	9106.3	/	27259.28
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(27259.28 - 18153.015)	/	27259.28
	=	33.41 %

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.

Aitken Spence (COL:SPEN.N0000) 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

Aitken Spence had a gross margin of 33.41% for the quarter that ended in Dec. 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.

Aitken Spence Gross Margin % Related Terms

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Aitken Spence (COL:SPEN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aitken Spence PLC (COL:SPEN.N0000) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

No. 315, Vauxhall Street, Aitken Spence Towers II, Colombo, LKA, 02

Website

https://www.aitkenspence.com

Aitken Spence PLC is a Sri Lankan-based conglomerate company. Its segments consist of Tourism, Maritime and Freight Logistics, Strategic Investments, and Services. The tourism segment includes Hotels, destination management, and Airline GSA. Maritime and Freight Logistics segments consist of Maritime and Port Services, Freight Forwarding and Courier, Airline GSA (Cargo), Integrated Logistics, and Education. Strategic Investment includes Power Generation, Apparel Manufacture, Printing and Packaging, and Plantations. The services sector is engaged in Money Transfer Services, Elevator Agencies, Insurance, and Property Management. The company's geographical segments are Sri Lanka, Maldives, and Other Countries.

Aitken Spence (COL:SPEN.N0000) Headlines

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