Major Cineplex Group PLC gross margin has been in long-term decline. The average rate of decline per year is -5.8%.
The historical rank and industry rank for Major Cineplex Group's Gross Margin % or its related term are showing as below:
BKK:MAJOR-F'
s Gross Margin % Range Over the Past 10 Years
Min: 5.02 Med: 34.14 Max: 36.51
Current: 33.86
During the past 13 years, the highestGross Margin % of Major Cineplex Group was 36.51%. The lowest was 5.02%. And the median was 34.14%.
BKK:MAJOR-F's Gross Margin % is ranked worse than 56.8% of 956
companies
in the Media - Diversified industry
Industry Median: 38.44
vs BKK:MAJOR-F: 33.86
Major Cineplex Group had a gross margin of 31.15% for the quarter that ended in Mar. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Major Cineplex Group was -5.80% per year.
Major Cineplex Group Gross Margin % Historical Data
The historical data trend for Major Cineplex 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.
Competitive Comparison of Major Cineplex Group's Gross Margin %
For the Entertainment subindustry, Major Cineplex 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.
Major Cineplex Group's Gross Margin % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Major Cineplex Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Major Cineplex Group'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.
Major Cineplex Group (BKK:MAJOR-F) 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
Major Cineplex Group had a gross margin of 31.15% for the quarter that ended in Mar. 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.
Major Cineplex Group Gross Margin % Related Terms
Thank you for viewing the detailed overview of Major Cineplex Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Major Cineplex Group (BKK:MAJOR-F) Business Description
Major Cineplex Group PLC is a diversified media company primary engaged in the operation of cinemas. The company has five primary business segments which include cinema operations, advertising and media services, bowling and karaoke services, rental, and movie content. The cinema operations segment owns and manages several chains of movie theaters and brands. The advertising & media services segment offers on-screen advertising and media solutions. The bowling & karaoke services offers its namesake services in branded outlets. The rental segment leases real estate space. The company's movie content segment funds, produces, and distributes feature film content, as well as content on the home video market. Major Cineplex Group generates the vast majority of its revenue in Thailand.
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