JBS (JBSAY) Gross Margin % : 11.60% (As of Dec. 2023)

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What is JBS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. JBS's Gross Profit for the three months ended in Dec. 2023 was $2,297 Mil. JBS's Revenue for the three months ended in Dec. 2023 was $19,803 Mil. Therefore, JBS's Gross Margin % for the quarter that ended in Dec. 2023 was 11.60%.

Warning Sign:

JBS SA gross margin has been in long-term decline. The average rate of decline per year is -3.5%.

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

JBSAY' s Gross Margin % Range Over the Past 10 Years
Min: 10.9 Med: 15.04 Max: 18.89
Current: 10.9

During the past 13 years, the highest Gross Margin % of JBS was 18.89%. The lowest was 10.90%. And the median was 15.04%.

JBSAY's Gross Margin % is ranked worse than
81.48% of 1809 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs JBSAY: 10.90

JBS had a gross margin of 11.60% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for JBS was -3.50% per year.

JBS Gross Margin % Historical Data

The historical data trend for JBS'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.

JBS Gross Margin % Chart

JBS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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15.62

16.73

18.89

15.90

10.93

JBS 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															12.30	8.78	11.06	12.09	11.60

Competitive Comparison of JBS's Gross Margin %

For the Packaged Foods subindustry, JBS'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.

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

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

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

JBS Gross Margin % Calculation

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

JBS'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 )
	=	7967.2	/	72918.123
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(72918.123 - 64950.972)	/	72918.123
	=	10.93 %

JBS'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 )
	=	2296.9	/	19803.261
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19803.261 - 17506.36)	/	19803.261
	=	11.60 %

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.

JBS (OTCPK:JBSAY) 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

JBS had a gross margin of 11.60% 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.

JBS Gross Margin % Related Terms

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JBS (JBSAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JBS SA (OTCPK:JBSAY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

YJ3A:Germany JBSS3:Brazil

Address

Avenue Marginal Direita do Tiete, 500, Bloco 3, Vila Jaguara, Sao Paulo, SP, BRA, 05118-100

Website

https://www.jbs.com.br

JBS SA is an international company involved in beef, lamb, and poultry processing. It is originally from Brazil. JBS is one of the world's exporters of animal protein, selling to more than 150 countries. Sales offices are in Brazil, the United States, Australia, Canada, Argentina, Uruguay, Paraguay, Mexico, Italy, Ireland, the United Kingdom, France, the Netherlands, China, and Russia, among others. The company also sells hygiene and cleaning products, collagen, metal packaging, and biodiesel, among others.