Belluna Co (TSE:9997) Gross Margin % : 58.01% (As of Dec. 2023)

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What is Belluna Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Belluna Co's Gross Profit for the three months ended in Dec. 2023 was 円34,907 Mil. Belluna Co's Revenue for the three months ended in Dec. 2023 was 円60,173 Mil. Therefore, Belluna Co's Gross Margin % for the quarter that ended in Dec. 2023 was 58.01%.

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

TSE:9997' s Gross Margin % Range Over the Past 10 Years
Min: 54.81 Med: 56.52 Max: 59.92
Current: 59.92

During the past 13 years, the highest Gross Margin % of Belluna Co was 59.92%. The lowest was 54.81%. And the median was 56.52%.

TSE:9997's Gross Margin % is ranked better than
86.03% of 1095 companies
in the Retail - Cyclical industry
Industry Median: 36.46 vs TSE:9997: 59.92

Belluna Co had a gross margin of 58.01% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Belluna Co was 1.20% per year.

Belluna Co Gross Margin % Historical Data

The historical data trend for Belluna 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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Belluna Co Gross Margin % Chart

Belluna Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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57.06

58.38

58.87

58.74

59.19

Belluna 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															57.72	59.51	61.35	61.29	58.01

Competitive Comparison of Belluna Co's Gross Margin %

For the Specialty Retail subindustry, Belluna 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.

Belluna Co's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Belluna Co's Gross Margin % distribution charts can be found below:

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

Belluna Co Gross Margin % Calculation

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

Belluna 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 )
	=	125701	/	212376
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(212376 - 86675)	/	212376
	=	59.19 %

Belluna 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 )
	=	34907	/	60173
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(60173 - 25266)	/	60173
	=	58.01 %

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.

Belluna Co (TSE:9997) 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

Belluna Co had a gross margin of 58.01% for the quarter that ended in Dec. 2023 => 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.

Belluna Co Gross Margin % Related Terms

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Belluna Co (TSE:9997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Belluna Co Ltd (TSE:9997) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688

Website

http://www.belluna.co.jp

Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.

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