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Maybank Securities (Thailand) PCL (BKK:MST) Gross Margin % : 50.17% (As of Mar. 2024)


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What is Maybank Securities (Thailand) PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Maybank Securities (Thailand) PCL's Gross Profit for the three months ended in Mar. 2024 was ฿281 Mil. Maybank Securities (Thailand) PCL's Revenue for the three months ended in Mar. 2024 was ฿560 Mil. Therefore, Maybank Securities (Thailand) PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 50.17%.


The historical rank and industry rank for Maybank Securities (Thailand) PCL's Gross Margin % or its related term are showing as below:

BKK:MST' s Gross Margin % Range Over the Past 10 Years
Min: 31.06   Med: 41.42   Max: 48.05
Current: 37.9


During the past 13 years, the highest Gross Margin % of Maybank Securities (Thailand) PCL was 48.05%. The lowest was 31.06%. And the median was 41.42%.

BKK:MST's Gross Margin % is ranked worse than
58.98% of 607 companies
in the Capital Markets industry
Industry Median: 48.61 vs BKK:MST: 37.90

Maybank Securities (Thailand) PCL had a gross margin of 50.17% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Maybank Securities (Thailand) PCL was 7.80% per year.


Maybank Securities (Thailand) PCL Gross Margin % Historical Data

The historical data trend for Maybank Securities (Thailand) 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.

Maybank Securities (Thailand) PCL Gross Margin % Chart

Maybank Securities (Thailand) PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.06 37.87 46.90 45.00 41.63

Maybank Securities (Thailand) PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.99 34.17 48.40 16.30 50.17

Competitive Comparison of Maybank Securities (Thailand) PCL's Gross Margin %

For the Capital Markets subindustry, Maybank Securities (Thailand) 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.


Maybank Securities (Thailand) PCL's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Maybank Securities (Thailand) PCL's Gross Margin % falls into.



Maybank Securities (Thailand) PCL Gross Margin % Calculation

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

Maybank Securities (Thailand) 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 )
=985.2 / 2366.822
=(Revenue - Cost of Goods Sold) / Revenue
=(2366.822 - 1381.601) / 2366.822
=41.63 %

Maybank Securities (Thailand) PCL's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=281.1 / 560.322
=(Revenue - Cost of Goods Sold) / Revenue
=(560.322 - 279.196) / 560.322
=50.17 %

* 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.


Maybank Securities (Thailand) PCL  (BKK:MST) 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

Maybank Securities (Thailand) PCL had a gross margin of 50.17% for the quarter that ended in Mar. 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.


Maybank Securities (Thailand) PCL Gross Margin % Related Terms

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Maybank Securities (Thailand) PCL (BKK:MST) Business Description

Traded in Other Exchanges
N/A
Address
Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan Sub-District, Pathumwan District, Bangkok, THA, 10330
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which provides service according to brokering and derivative brokering and securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing, and lending and corporate finance advisory services.