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Coca-Cola FemsaB de CV (Coca-Cola FemsaB de CV) Gross Margin %

: 46.16% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Coca-Cola FemsaB de CV's Gross Profit for the three months ended in Dec. 2023 was $1,733 Mil. Coca-Cola FemsaB de CV's Revenue for the three months ended in Dec. 2023 was $3,753 Mil. Therefore, Coca-Cola FemsaB de CV's Gross Margin % for the quarter that ended in Dec. 2023 was 46.16%.


The historical rank and industry rank for Coca-Cola FemsaB de CV's Gross Margin % or its related term are showing as below:

KOF' s Gross Margin % Range Over the Past 10 Years
Min: 44.24   Med: 45.36   Max: 47.28
Current: 45.25


During the past 13 years, the highest Gross Margin % of Coca-Cola FemsaB de CV was 47.28%. The lowest was 44.24%. And the median was 45.36%.

KOF's Gross Margin % is ranked better than
72.22% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 36.665 vs KOF: 45.25

Coca-Cola FemsaB de CV had a gross margin of 46.16% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Coca-Cola FemsaB de CV was -0.40% per year.


Coca-Cola FemsaB de CV Gross Margin % Historical Data

The historical data trend for Coca-Cola FemsaB de CV'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.

Coca-Cola FemsaB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.00 45.10 45.48 44.24 45.23

Coca-Cola FemsaB de CV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % 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 Premium Member Only Premium Member Only Premium Member Only 44.20 44.39 44.39 45.90 46.16

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola FemsaB de CV'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.


Coca-Cola FemsaB de CV Gross Margin % Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola FemsaB de CV's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Coca-Cola FemsaB de CV's Gross Margin % falls into.



Coca-Cola FemsaB de CV Gross Margin % Calculation

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

Coca-Cola FemsaB de CV'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 )
=6531.1 / 14438.813
=(Revenue - Cost of Goods Sold) / Revenue
=(14438.813 - 7907.743) / 14438.813
=45.23 %

Coca-Cola FemsaB de CV'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 )
=1732.6 / 3753.451
=(Revenue - Cost of Goods Sold) / Revenue
=(3753.451 - 2020.885) / 3753.451
=46.16 %

* 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.


Coca-Cola FemsaB de CV  (NYSE:KOF) 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

Coca-Cola FemsaB de CV had a gross margin of 46.16% 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.


Coca-Cola FemsaB de CV Gross Margin % Related Terms

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Coca-Cola FemsaB de CV (Coca-Cola FemsaB de CV) Business Description

Address
Calle Mario Pani Number 100, Santa Fe Cuajimalpa, Cuajimalpa de Morelos, Ciudad de Mexico, DF, MEX, 05348
Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of wide-moat Coca-Cola in unit case volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through on-trade and off-trade channels, including retailers and food-service providers. Mexico and Brazil make up 80% of total sales for Coca-Cola Femsa, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Parent Femsa and Coca-Cola hold 47% and 28% of economic interests in Coca-Cola Femsa, through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the respective voting rights.