Sao Ta Foods JSC (STC:FMC) Gross Margin % : 6.60% (As of Mar. 2024)

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What is Sao Ta Foods JSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sao Ta Foods JSC's Gross Profit for the three months ended in Mar. 2024 was ₫96,354 Mil. Sao Ta Foods JSC's Revenue for the three months ended in Mar. 2024 was ₫1,460,715 Mil. Therefore, Sao Ta Foods JSC's Gross Margin % for the quarter that ended in Mar. 2024 was 6.60%.

Warning Sign:

Sao Ta Foods JSC gross margin has been in long-term decline. The average rate of decline per year is -1.2%.

The historical rank and industry rank for Sao Ta Foods JSC's Gross Margin % or its related term are showing as below:

STC:FMC' s Gross Margin % Range Over the Past 10 Years
Min: 9.17 Med: 10.28 Max: 11.45
Current: 9.17

During the past 6 years, the highest Gross Margin % of Sao Ta Foods JSC was 11.45%. The lowest was 9.17%. And the median was 10.28%.

STC:FMC's Gross Margin % is ranked worse than
85.12% of 1808 companies
in the Consumer Packaged Goods industry
Industry Median: 25.365 vs STC:FMC: 9.17

Sao Ta Foods JSC had a gross margin of 6.60% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sao Ta Foods JSC was -1.20% per year.

Sao Ta Foods JSC Gross Margin % Historical Data

The historical data trend for Sao Ta Foods JSC'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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Sao Ta Foods JSC Gross Margin % Chart

Sao Ta Foods JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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11.45

9.73

10.18

10.97

9.69

Sao Ta Foods JSC 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															7.98	8.48	10.26	11.16	6.60

Competitive Comparison of Sao Ta Foods JSC's Gross Margin %

For the Packaged Foods subindustry, Sao Ta Foods JSC'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.

Sao Ta Foods JSC's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sao Ta Foods JSC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sao Ta Foods JSC's Gross Margin % falls into.

Sao Ta Foods JSC Gross Margin % Calculation

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

Sao Ta Foods JSC'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 )
	=	492924.2	/	5087393
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5087393 - 4594468.807)	/	5087393
	=	9.69 %

Sao Ta Foods JSC'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 )
	=	96353.8	/	1460715.079
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1460715.079 - 1364361.233)	/	1460715.079
	=	6.60 %

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.

Sao Ta Foods JSC (STC:FMC) 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

Sao Ta Foods JSC had a gross margin of 6.60% for the quarter that ended in Mar. 2024 => 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.

Sao Ta Foods JSC Gross Margin % Related Terms

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Sao Ta Foods JSC (STC:FMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sao Ta Foods JSC (STC:FMC) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

Km 2132 National Highway 1A, Ward 2, Soc Trang town, Soc Trang, VNM

Website

https://www.fimexvn.com

Sao Ta Foods JSC is engaged in processing and exporting frozen shrimps. It offers raw, cooked, and breaded shrimps; nobashi vannamei and black tiger shrimp products; and frozen vegetables to restaurant and distribution chains.