Banners Co (TSE:3011) Gross Margin % : 22.42% (As of Dec. 2023)

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What is Banners Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Banners Co's Gross Profit for the three months ended in Dec. 2023 was 円292 Mil. Banners Co's Revenue for the three months ended in Dec. 2023 was 円1,303 Mil. Therefore, Banners Co's Gross Margin % for the quarter that ended in Dec. 2023 was 22.42%.

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

TSE:3011' s Gross Margin % Range Over the Past 10 Years
Min: 23.12 Med: 23.76 Max: 24.57
Current: 24.16

During the past 13 years, the highest Gross Margin % of Banners Co was 24.57%. The lowest was 23.12%. And the median was 23.76%.

TSE:3011's Gross Margin % is ranked better than
64.27% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 19.545 vs TSE:3011: 24.16

Banners Co had a gross margin of 22.42% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Banners Co was 0.10% per year.

Banners Co Gross Margin % Historical Data

The historical data trend for Banners Co'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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Banners Co Gross Margin % Chart

Banners Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

Get a 7-Day Free Trial

23.98

24.39

23.90

24.28

23.62

Banners Co 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															23.77	24.84	25.89	24.00	22.42

Competitive Comparison of Banners Co's Gross Margin %

For the Auto & Truck Dealerships subindustry, Banners Co'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.

Banners Co's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Banners Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Banners Co's Gross Margin % falls into.

Banners Co Gross Margin % Calculation

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

Banners Co'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 )
	=	1024.1	/	4335.315
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4335.315 - 3311.252)	/	4335.315
	=	23.62 %

Banners Co'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 )
	=	292.1	/	1302.617
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1302.617 - 1010.509)	/	1302.617
	=	22.42 %

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.

Banners Co (TSE:3011) 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

Banners Co had a gross margin of 22.42% 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.

Banners Co Gross Margin % Related Terms

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Banners Co (TSE:3011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Banners Co Ltd (TSE:3011) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Ishihara, Kumagaya-shi, Saitama, JPN, 3600816

Website

http://www.banners.jp

Banners Co Ltd is a Japan-based company. It operates its business activities in three divisions including real estate utilization business, automobile sales business and musical instrument sales business. In the real estate utilization business, the company mainly rent tenants. In the automobile sales business, it sells Honda Vehicles and non-life insurance. In the musical instrument sales business, it imports and sells oboe and bathoons as a specialty store of double reed musical instruments. It also provides maintenance and after-sales services.

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