Thai Mitsuwa PCL (BKK:TMW) Gross Margin % : 25.10% (As of Dec. 2023)

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What is Thai Mitsuwa PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Thai Mitsuwa PCL's Gross Profit for the three months ended in Dec. 2023 was ฿254 Mil. Thai Mitsuwa PCL's Revenue for the three months ended in Dec. 2023 was ฿1,013 Mil. Therefore, Thai Mitsuwa PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 25.10%.

Warning Sign:

Thai Mitsuwa PCL gross margin has been in long-term decline. The average rate of decline per year is -7.8%.

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

BKK:TMW' s Gross Margin % Range Over the Past 10 Years
Min: 14.56 Med: 17.84 Max: 21.94
Current: 20.36

During the past 13 years, the highest Gross Margin % of Thai Mitsuwa PCL was 21.94%. The lowest was 14.56%. And the median was 17.84%.

BKK:TMW's Gross Margin % is ranked worse than
54.9% of 1510 companies
in the Chemicals industry
Industry Median: 22.355 vs BKK:TMW: 20.36

Thai Mitsuwa PCL had a gross margin of 25.10% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Thai Mitsuwa PCL was -7.80% per year.

Thai Mitsuwa PCL Gross Margin % Historical Data

The historical data trend for Thai Mitsuwa 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 Mitsuwa PCL Gross Margin % Chart

Thai Mitsuwa PCL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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21.04

19.43

18.33

14.56

15.66

Thai Mitsuwa 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															17.71	14.16	18.66	22.70	25.10

Competitive Comparison of Thai Mitsuwa PCL's Gross Margin %

For the Specialty Chemicals subindustry, Thai Mitsuwa 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 Mitsuwa PCL's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Thai Mitsuwa PCL's Gross Margin % distribution charts can be found below:

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

Thai Mitsuwa PCL Gross Margin % Calculation

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

Thai Mitsuwa PCL's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	578	/	3691.732
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3691.732 - 3113.688)	/	3691.732
	=	15.66 %

Thai Mitsuwa 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 )
	=	254.3	/	1013.143
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1013.143 - 758.832)	/	1013.143
	=	25.10 %

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 Mitsuwa PCL (BKK:TMW) 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 Mitsuwa PCL had a gross margin of 25.10% for the quarter that ended in Dec. 2023 => 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.

Thai Mitsuwa PCL Gross Margin % Related Terms

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Thai Mitsuwa PCL (BKK:TMW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Mitsuwa PCL (BKK:TMW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Moo 2, Tambol Banchang, Amphur Muang, Pathum Thani, THA, 12000

Website

http://www.thaimitsuwa.com

Thai Mitsuwa PCL is a Thailand-based manufacturing company. The company's operating segment includes the manufacture and sales of plastic; the manufacture and sales of magnesium and the manufacture and sales of mold. It generates maximum revenue from the manufacture and sales of the magnesium segment. The product portfolio of the company includes Automotive parts comprising plastic parts for fenders front, rear panels, and door handles; Home Appliances comprising plastic parts for audio-video products like DVD and Home systems and magnesium products.

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