NoHo Partners Oyj (LTS:0QI6) Gross Margin % : 40.64% (As of Mar. 2024)

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What is NoHo Partners Oyj Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. NoHo Partners Oyj's Gross Profit for the three months ended in Mar. 2024 was €38.0 Mil. NoHo Partners Oyj's Revenue for the three months ended in Mar. 2024 was €93.5 Mil. Therefore, NoHo Partners Oyj's Gross Margin % for the quarter that ended in Mar. 2024 was 40.64%.

Warning Sign:

NoHo Partners Oyj gross margin has been in long-term decline. The average rate of decline per year is -2.1%.

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

LTS:0QI6' s Gross Margin % Range Over the Past 10 Years
Min: 31.82 Med: 46.84 Max: 52.07
Current: 45

During the past 12 years, the highest Gross Margin % of NoHo Partners Oyj was 52.07%. The lowest was 31.82%. And the median was 46.84%.

LTS:0QI6's Gross Margin % is ranked worse than
53.8% of 342 companies
in the Restaurants industry
Industry Median: 47.415 vs LTS:0QI6: 45.00

NoHo Partners Oyj had a gross margin of 40.64% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for NoHo Partners Oyj was -2.10% per year.

NoHo Partners Oyj Gross Margin % Historical Data

The historical data trend for NoHo Partners Oyj'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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NoHo Partners Oyj Gross Margin % Chart

NoHo Partners Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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49.49

31.82

41.86

44.63

45.27

NoHo Partners Oyj 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															41.11	42.02	42.92	53.26	40.64

Competitive Comparison of NoHo Partners Oyj's Gross Margin %

For the Restaurants subindustry, NoHo Partners Oyj'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.

NoHo Partners Oyj's Gross Margin % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, NoHo Partners Oyj's Gross Margin % distribution charts can be found below:

* The bar in red indicates where NoHo Partners Oyj's Gross Margin % falls into.

NoHo Partners Oyj Gross Margin % Calculation

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

NoHo Partners Oyj'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 )
	=	168.6	/	372.4
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(372.4 - 203.8)	/	372.4
	=	45.27 %

NoHo Partners Oyj'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 )
	=	38	/	93.5
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(93.5 - 55.5)	/	93.5
	=	40.64 %

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.

NoHo Partners Oyj (LTS:0QI6) 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

NoHo Partners Oyj had a gross margin of 40.64% for the quarter that ended in Mar. 2024 => 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.

NoHo Partners Oyj Gross Margin % Related Terms

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NoHo Partners Oyj (LTS:0QI6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » NoHo Partners Oyj (LTS:0QI6) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

NOHO:Finland

Address

Hatanpaan valtatie 1 B, Tampere, FIN, FI-33100

Website

https://www.noho.fi

NoHo Partners Oyj is a Finnish company engaged in the production of restaurant services and labor-hire services. It operates restaurants, cafes, and nightclubs throughout Finland. The partner group includes approximately 250 restaurants in Finland, Denmark, and Norway. Well-known restaurant concepts of the company include Elite, Savoy, Teatteri, Yes Yes Yes, Stefan's Steakhouse, Palace, Loyly, Hanko Sushi, Friends and Brgrs, and Cock's and Cows. It has two segments Finnish operations and International business.

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