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Tiger Brands (Tiger Brands) Gross Margin % : 28.31% (As of Sep. 2023)


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What is Tiger Brands Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tiger Brands's Gross Profit for the six months ended in Sep. 2023 was $269 Mil. Tiger Brands's Revenue for the six months ended in Sep. 2023 was $949 Mil. Therefore, Tiger Brands's Gross Margin % for the quarter that ended in Sep. 2023 was 28.31%.

Warning Sign:

Tiger Brands Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.9%.


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

TBLMY' s Gross Margin % Range Over the Past 10 Years
Min: 27.66   Med: 31.74   Max: 33.77
Current: 27.66


During the past 13 years, the highest Gross Margin % of Tiger Brands was 33.77%. The lowest was 27.66%. And the median was 31.74%.

TBLMY's Gross Margin % is ranked better than
56.56% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.03 vs TBLMY: 27.66

Tiger Brands had a gross margin of 28.31% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Tiger Brands was -2.90% per year.


Tiger Brands Gross Margin % Historical Data

The historical data trend for Tiger Brands'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.

Tiger Brands Gross Margin % Chart

Tiger Brands Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.86 30.07 28.46 30.31 27.66

Tiger Brands Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 26.05 29.17 31.43 27.05 28.31

Competitive Comparison of Tiger Brands's Gross Margin %

For the Packaged Foods subindustry, Tiger Brands'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.


Tiger Brands's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tiger Brands's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tiger Brands's Gross Margin % falls into.



Tiger Brands Gross Margin % Calculation

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

Tiger Brands's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )=Gross Profit (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=545.2 / 1971.375
=(Revenue - Cost of Goods Sold) / Revenue
=(1971.375 - 1426.164) / 1971.375
=27.66 %

Tiger Brands's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=268.8 / 949.498
=(Revenue - Cost of Goods Sold) / Revenue
=(949.498 - 680.655) / 949.498
=28.31 %

* 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.


Tiger Brands  (OTCPK:TBLMY) 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

Tiger Brands had a gross margin of 28.31% for the quarter that ended in Sep. 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.


Tiger Brands Gross Margin % Related Terms

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


Tiger Brands (Tiger Brands) Business Description

Traded in Other Exchanges
Address
3010 William Nicol Drive, P.O. Box 78056, Bryanston, Sandton, Johannesburg, GT, ZAF, 2146
Tiger Brands Ltd is an African manufacturer of branded food, home-care, and personal-care products. Present in 22 African countries, the company also has global distribution in the rest of the world: Germany, the United Kingdom, Sweden, Ireland, Canada, Sweden, the Philippines, Singapore, and Taiwan, among others. The product offering includes perishables, personal-care products, home-care products, snacks, baby care, beverages, grains, groceries, and out-of-home meals. The company reports under the following segments: grains, consumer brands, Home, Personal Care and Baby (HPCB), and export and international. The Grains segment is the largest segment. Some of the best-known brands are Oros, Hall's, Rose's, Ace, Albany, Purity, Ice Cap, Hugo's, and All Good.

Tiger Brands (Tiger Brands) Headlines

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