Ciech (WAR:CIE) Gross Margin % : 19.79% (As of Sep. 2023)

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What is Ciech Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ciech's Gross Profit for the three months ended in Sep. 2023 was zł230 Mil. Ciech's Revenue for the three months ended in Sep. 2023 was zł1,161 Mil. Therefore, Ciech's Gross Margin % for the quarter that ended in Sep. 2023 was 19.79%.

Warning Sign:

Ciech SA gross margin has been in long-term decline. The average rate of decline per year is -3.7%.

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

WAR:CIE' s Gross Margin % Range Over the Past 10 Years
Min: 17.7 Med: 21.38 Max: 30.09
Current: 18.9

During the past 13 years, the highest Gross Margin % of Ciech was 30.09%. The lowest was 17.70%. And the median was 21.38%.

WAR:CIE's Gross Margin % is not ranked
in the Chemicals industry.
Industry Median: 22.31 vs WAR:CIE: 18.90

Ciech had a gross margin of 19.79% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ciech was -3.70% per year.

Ciech Gross Margin % Historical Data

The historical data trend for Ciech'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.

Ciech Gross Margin % Chart

Ciech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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20.79

21.98

21.19

18.15

21.57

Ciech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															18.18	25.16	15.26	15.26	19.79

Competitive Comparison of Ciech's Gross Margin %

For the Chemicals subindustry, Ciech'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.

Ciech's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ciech's Gross Margin % distribution charts can be found below:

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

Ciech Gross Margin % Calculation

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

Ciech's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	1168.2	/	5415.459
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5415.459 - 4247.23)	/	5415.459
	=	21.57 %

Ciech's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	229.8	/	1161.124
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1161.124 - 931.324)	/	1161.124
	=	19.79 %

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.

Ciech (WAR:CIE) 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

Ciech had a gross margin of 19.79% for the quarter that ended in Sep. 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.

Ciech Gross Margin % Related Terms

Thank you for viewing the detailed overview of Ciech's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ciech (WAR:CIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ciech SA (WAR:CIE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul Wspolna Street 62, Warsaw, POL, 00-684

Website

https://www.ciechgroup.com

Ciech SA manufactures and sells soda ash, glass, and chemical-based products. The firm's four segments are based on product type and function. The Soda segment, which generates the majority of revenue, sells soda ash used in the production of glass, detergents, and chemicals. Agro Segment is a manufacturer of crop protection products used in agriculture. The resins segment produces epoxy resins and polyester resins. Foams Segment is a producer of polyurethane foams, mainly used in the furniture industry for upholstered furniture and mattresses. Silicates Segment manufactures sodium silicates and potassium silicates. The packaging segment manufactures glass packaging lanterns and jars, used in the food industry and for the production of headstone lamps.

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