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Bangkok Sheet Metal PCL (BKK:BM) Gross Margin % : 13.11% (As of Dec. 2023)


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What is Bangkok Sheet Metal PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bangkok Sheet Metal PCL's Gross Profit for the three months ended in Dec. 2023 was ฿60 Mil. Bangkok Sheet Metal PCL's Revenue for the three months ended in Dec. 2023 was ฿456 Mil. Therefore, Bangkok Sheet Metal PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 13.11%.

Warning Sign:

Bangkok Sheet Metal PCL gross margin has been in long-term decline. The average rate of decline per year is -3.8%.


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

BKK:BM' s Gross Margin % Range Over the Past 10 Years
Min: 15.09   Med: 18.3   Max: 22.22
Current: 16.38


During the past 9 years, the highest Gross Margin % of Bangkok Sheet Metal PCL was 22.22%. The lowest was 15.09%. And the median was 18.30%.

BKK:BM's Gross Margin % is ranked worse than
78.3% of 2940 companies
in the Industrial Products industry
Industry Median: 26.39 vs BKK:BM: 16.38

Bangkok Sheet Metal PCL had a gross margin of 13.11% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bangkok Sheet Metal PCL was -3.80% per year.


Bangkok Sheet Metal PCL Gross Margin % Historical Data

The historical data trend for Bangkok Sheet Metal PCL'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.

Bangkok Sheet Metal PCL Gross Margin % Chart

Bangkok Sheet Metal PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only 21.66 18.33 17.76 15.09 16.38

Bangkok Sheet Metal PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial 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 11.16 17.96 12.87 22.07 13.11

Competitive Comparison of Bangkok Sheet Metal PCL's Gross Margin %

For the Metal Fabrication subindustry, Bangkok Sheet Metal PCL'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.


Bangkok Sheet Metal PCL's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bangkok Sheet Metal PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bangkok Sheet Metal PCL's Gross Margin % falls into.



Bangkok Sheet Metal PCL Gross Margin % Calculation

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

Bangkok Sheet Metal PCL'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 )
=232.4 / 1419.276
=(Revenue - Cost of Goods Sold) / Revenue
=(1419.276 - 1186.848) / 1419.276
=16.38 %

Bangkok Sheet Metal PCL'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 )
=59.7 / 455.503
=(Revenue - Cost of Goods Sold) / Revenue
=(455.503 - 395.769) / 455.503
=13.11 %

* 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.


Bangkok Sheet Metal PCL  (BKK:BM) 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

Bangkok Sheet Metal PCL had a gross margin of 13.11% for the quarter that ended in Dec. 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.


Bangkok Sheet Metal PCL Gross Margin % Related Terms

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


Bangkok Sheet Metal PCL (BKK:BM) Business Description

Traded in Other Exchanges
N/A
Address
149 Moo 6, Suksawad Road, Tambol Bangjak, Amphur Phrapradang, Samutprakarn, Bangjak, THA, 10130
Bangkok Sheet Metal PCL is a Thailand-based company engaged in manufacturing and distributing processed metal products. The company's main products are classified into the categories of Metal trunking and white conduits, Communication racks, cabinets and enclosures, Electrical switchboards and lighting fixtures, Fabrication and metalworking, Mold and die making machine tools and equipment, Sheet metal parts, press parts, machine parts and assembly parts. Its products are mainly used in office buildings, condominiums, superstores, factories, and Bangkok mass transit stations. The firm solely operates in Thailand.

Bangkok Sheet Metal PCL (BKK:BM) Headlines

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