Ascent Industries Co gross margin has been in long-term decline. The average rate of decline per year is -16.5%.
The historical rank and industry rank for Ascent Industries Co's Gross Margin % or its related term are showing as below:
ACNT'
s Gross Margin % Range Over the Past 10 Years
Min: 0.79 Med: 13.2 Max: 18.24
Current: 12.43
During the past 13 years, the highestGross Margin % of Ascent Industries Co was 18.24%. The lowest was 0.79%. And the median was 13.20%.
ACNT's Gross Margin % is ranked better than 52.19% of 594
companies
in the Steel industry
Industry Median: 11.915
vs ACNT: 12.43
Ascent Industries Co had a gross margin of 17.87% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ascent Industries Co was -16.50% per year.
Ascent Industries Co Gross Margin % Historical Data
The historical data trend for Ascent Industries 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.
Competitive Comparison of Ascent Industries Co's Gross Margin %
For the Steel subindustry, Ascent Industries 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.
Ascent Industries Co's Gross Margin % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ascent Industries Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ascent Industries Co's Gross Margin % falls into.
* 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.
Ascent Industries Co (NAS:ACNT) 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
Ascent Industries Co had a gross margin of 17.87% for the quarter that ended in Dec. 2024 => 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.
Ascent Industries Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Ascent Industries Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Specialty Chemicals and Tubular Products. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive, and commercial transportation, brewery, chemical, petrochemical, and other industries. The Specialty Chemicals segment produces specialty products for pulp and paper, coatings, adhesives, sealants, and elastomers (CASE), textile, automotive, household, and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.
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