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Tiong Nam Logistics Holdings Bhd (XKLS:8397) Gross Margin % : 8.30% (As of Dec. 2023)


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What is Tiong Nam Logistics Holdings Bhd Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tiong Nam Logistics Holdings Bhd's Gross Profit for the three months ended in Dec. 2023 was RM15.7 Mil. Tiong Nam Logistics Holdings Bhd's Revenue for the three months ended in Dec. 2023 was RM188.9 Mil. Therefore, Tiong Nam Logistics Holdings Bhd's Gross Margin % for the quarter that ended in Dec. 2023 was 8.30%.

Warning Sign:

Tiong Nam Logistics Holdings Bhd gross margin has been in long-term decline. The average rate of decline per year is -4.5%.


The historical rank and industry rank for Tiong Nam Logistics Holdings Bhd's Gross Margin % or its related term are showing as below:

XKLS:8397' s Gross Margin % Range Over the Past 10 Years
Min: 14.17   Med: 21.17   Max: 26.21
Current: 14.17


During the past 13 years, the highest Gross Margin % of Tiong Nam Logistics Holdings Bhd was 26.21%. The lowest was 14.17%. And the median was 21.17%.

XKLS:8397's Gross Margin % is ranked worse than
67.23% of 943 companies
in the Transportation industry
Industry Median: 20.18 vs XKLS:8397: 14.17

Tiong Nam Logistics Holdings Bhd had a gross margin of 8.30% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tiong Nam Logistics Holdings Bhd was -4.50% per year.


Tiong Nam Logistics Holdings Bhd Gross Margin % Historical Data

The historical data trend for Tiong Nam Logistics Holdings Bhd'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.

Tiong Nam Logistics Holdings Bhd Gross Margin % Chart

Tiong Nam Logistics Holdings Bhd Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.36 19.40 17.56 17.22 16.99

Tiong Nam Logistics Holdings Bhd 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 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 15.68 20.57 14.02 13.97 8.30

Competitive Comparison of Tiong Nam Logistics Holdings Bhd's Gross Margin %

For the Integrated Freight & Logistics subindustry, Tiong Nam Logistics Holdings Bhd'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.


Tiong Nam Logistics Holdings Bhd's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tiong Nam Logistics Holdings Bhd's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tiong Nam Logistics Holdings Bhd's Gross Margin % falls into.



Tiong Nam Logistics Holdings Bhd Gross Margin % Calculation

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

Tiong Nam Logistics Holdings Bhd'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 )
=123.3 / 725.692
=(Revenue - Cost of Goods Sold) / Revenue
=(725.692 - 602.389) / 725.692
=16.99 %

Tiong Nam Logistics Holdings Bhd'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 )
=15.7 / 188.906
=(Revenue - Cost of Goods Sold) / Revenue
=(188.906 - 173.221) / 188.906
=8.30 %

* 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.


Tiong Nam Logistics Holdings Bhd  (XKLS:8397) 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

Tiong Nam Logistics Holdings Bhd had a gross margin of 8.30% for the quarter that ended in Dec. 2023 => 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.


Tiong Nam Logistics Holdings Bhd Gross Margin % Related Terms

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Tiong Nam Logistics Holdings Bhd (XKLS:8397) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Kempas Baru, Lot 30462, Johor Bahru, JHR, MYS, 81200
Tiong Nam Logistics Holdings Bhd is a Malaysia-based investment holding company engaged in the provision of fully integrated logistics and warehousing services in the Asia Pacific region. It operates through four segments namely Logistics and warehousing services, which is the key revenue driver; Investment, Property Development, and Hotel and dormitory. It offers a variety of services such as warehouse space management services, trucking delivery, cross-border transfers, container haulage, heavy transportation, and last measure delivery for e-commerce companies. The company operates mainly in Malaysia.

Tiong Nam Logistics Holdings Bhd (XKLS:8397) Headlines

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