BDVSY (Bidvest Group) Gross Margin % : 27.99% (As of Jun. 2024)

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What is Bidvest Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bidvest Group's Gross Profit for the six months ended in Jun. 2024 was $918 Mil. Bidvest Group's Revenue for the six months ended in Jun. 2024 was $3,280 Mil. Therefore, Bidvest Group's Gross Margin % for the quarter that ended in Jun. 2024 was 27.99%.

Warning Sign:

Bidvest Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.1%.

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

BDVSY' s Gross Margin % Range Over the Past 10 Years
Min: 28.44 Med: 29.13 Max: 30.77
Current: 28.44

During the past 13 years, the highest Gross Margin % of Bidvest Group was 30.77%. The lowest was 28.44%. And the median was 29.13%.

BDVSY's Gross Margin % is ranked better than
59.2% of 500 companies
in the Conglomerates industry
Industry Median: 24.575 vs BDVSY: 28.44

Bidvest Group had a gross margin of 27.99% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Bidvest Group was -1.10% per year.

Bidvest Group Gross Margin % Historical Data

The historical data trend for Bidvest Group'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.

Bidvest Group Gross Margin % Chart

Bidvest Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Gross Margin %

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30.63

30.77

29.98

29.01

28.44

Bidvest Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial															30.33	29.47	28.57	28.88	27.99

Competitive Comparison of Bidvest Group's Gross Margin %

For the Conglomerates subindustry, Bidvest Group'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.

Bidvest Group's Gross Margin % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Bidvest Group's Gross Margin % distribution charts can be found below:

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

Bidvest Group Gross Margin % Calculation

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

Bidvest Group's Gross Margin for the fiscal year that ended in Jun. 2024 is calculated as

Gross Margin % (A: Jun. 2024 )	=	Gross Profit (A: Jun. 2024 )	/	Revenue (A: Jun. 2024 )
	=	1892.5	/	6653.39
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6653.39 - 4760.921)	/	6653.39
	=	28.44 %

Bidvest Group's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	918.2	/	3280.284
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3280.284 - 2362.12)	/	3280.284
	=	27.99 %

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.

Bidvest Group (OTCPK:BDVSY) 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

Bidvest Group had a gross margin of 27.99% for the quarter that ended in Jun. 2024 => Competition eroding margins

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.

Bidvest Group Gross Margin % Related Terms

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Bidvest Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Bidvest Group Ltd (OTCPK:BDVSY) » Definitions » Gross Margin %

Comparable Companies

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BVT:South Africa

Address

18 Crescent Drive, Bidvest House, Melrose Arch, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.bidvest.com

Bidvest Group Ltd is a South African distribution, manufacturing, and services company. The Group principally generates revenue from providing a wide range of goods and services through its segments; Services International, Services South Africa, Freight, Commercial Products, Branded Products, Financial Services and Automotive, Adcock Ingram, Properties and Corporate and Investments. The company earns majority of its revenue from Services International.