Bic (BICEF) Gross Margin % : 49.34% (As of Jun. 2024)

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What is Bic Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bic's Gross Profit for the six months ended in Jun. 2024 was $605 Mil. Bic's Revenue for the six months ended in Jun. 2024 was $1,226 Mil. Therefore, Bic's Gross Margin % for the quarter that ended in Jun. 2024 was 49.34%.

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

BICEF' s Gross Margin % Range Over the Past 10 Years
Min: 48.06 Med: 50.77 Max: 52.59
Current: 50.75

During the past 13 years, the highest Gross Margin % of Bic was 52.59%. The lowest was 48.06%. And the median was 50.77%.

BICEF's Gross Margin % is ranked better than
84.96% of 1835 companies
in the Consumer Packaged Goods industry
Industry Median: 25.85 vs BICEF: 50.75

Bic had a gross margin of 49.34% for the quarter that ended in Jun. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bic was -0.50% per year.

Bic Gross Margin % Historical Data

The historical data trend for Bic'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.

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Bic Gross Margin % Chart

Bic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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50.13

48.06

50.81

48.26

50.72

Bic 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															49.66	46.83	49.35	52.22	49.34

Competitive Comparison of Bic's Gross Margin %

For the Household & Personal Products subindustry, Bic'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.

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

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

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

Bic Gross Margin % Calculation

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

Bic'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 )
	=	1252	/	2468.203
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2468.203 - 1216.215)	/	2468.203
	=	50.72 %

Bic'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 )
	=	605.2	/	1226.48
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1226.48 - 621.313)	/	1226.48
	=	49.34 %

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.

Bic (OTCPK:BICEF) 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

Bic had a gross margin of 49.34% for the quarter that ended in Jun. 2024 => 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.

Bic Gross Margin % Related Terms

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Bic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bic (OTCPK:BICEF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BICEY:USA BBp:UK 0MGP:UK BB:France BIF:Germany

Address

12 Boulevard Victor Hugo, Clichy Cedex, Paris, FRA, 92110

Website

https://www.bic.com

Bic SA Bic SA manufactures and markets writing instruments lighters shavers advertising and promotional products in France and globally. The company offers its products through various channels stationery stores office supplies companies convenience stores distributors wholesalers cash and carry stores and e-commerce. Its products include BIC 3 BIC Comfort 3 BIC EasyHybrid 3blade BIC Flex range BIC Flex Hybrid range BIC Pure 3 Lady BIC Soleil and Others. By net sales, the majority of the market is in North America followed by Europe and the developing markets of the Middle East Africa Latin America, and Asia.