Thai Mui PCL (BKK:THMUI) Gross Margin % : 41.41% (As of Mar. 2024)

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What is Thai Mui PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Thai Mui PCL's Gross Profit for the three months ended in Mar. 2024 was ฿34.0 Mil. Thai Mui PCL's Revenue for the three months ended in Mar. 2024 was ฿82.1 Mil. Therefore, Thai Mui PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 41.41%.

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

BKK:THMUI' s Gross Margin % Range Over the Past 10 Years
Min: 29.51 Med: 38.18 Max: 48.25
Current: 40.66

During the past 10 years, the highest Gross Margin % of Thai Mui PCL was 48.25%. The lowest was 29.51%. And the median was 38.18%.

BKK:THMUI's Gross Margin % is ranked better than
86.01% of 143 companies
in the Industrial Distribution industry
Industry Median: 22.31 vs BKK:THMUI: 40.66

Thai Mui PCL had a gross margin of 41.41% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Thai Mui PCL was 4.10% per year.

Thai Mui PCL Gross Margin % Historical Data

The historical data trend for Thai Mui 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.

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Thai Mui PCL Gross Margin % Chart

Thai Mui PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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37.28

36.71

37.54

37.50

38.82

Thai Mui 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															34.46	40.61	42.01	38.74	41.41

Competitive Comparison of Thai Mui PCL's Gross Margin %

For the Industrial Distribution subindustry, Thai Mui 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.

Thai Mui PCL's Gross Margin % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Thai Mui PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Thai Mui PCL's Gross Margin % falls into.

Thai Mui PCL Gross Margin % Calculation

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

Thai Mui 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 )
	=	158.4	/	408.138
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(408.138 - 249.698)	/	408.138
	=	38.82 %

Thai Mui 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 )
	=	34	/	82.078
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(82.078 - 48.089)	/	82.078
	=	41.41 %

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.

Thai Mui PCL (BKK:THMUI) 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

Thai Mui PCL had a gross margin of 41.41% 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.

Thai Mui PCL Gross Margin % Related Terms

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

Thai Mui PCL (BKK:THMUI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Thai Mui Corp PCL (BKK:THMUI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

759 Chareonkrung Road, Taladnoi, Sumphantawong, Krung Thep Maha Nakhon, Bangkok, THA, 10100

Website

https://www.thaimui.co.th

Thai Mui Corp PCL is engaged in the retail and wholesale of ironware, wire rope saw, and pipe and provides loop wire rope and equipment installation and inspection and plumbing contractor project and construction of a water quality improvement business for a shrimp farm. Its products include Wire rope, Skate, Soft sling, and Spiral accelerator. The company's segments are Sales and service and Project work. The key revenue is derived from the sale of wire rope and lifting equipment including replacement and installation and to provide technical inspection, testing, and analysis equipment activity. The group operates in Thailand.

Thai Mui PCL (BKK:THMUI) Headlines

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