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Sun TV Network (BOM:532733) Gross Margin % : 96.29% (As of Mar. 2024)


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What is Sun TV Network Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sun TV Network's Gross Profit for the three months ended in Mar. 2024 was ₹9,256 Mil. Sun TV Network's Revenue for the three months ended in Mar. 2024 was ₹9,613 Mil. Therefore, Sun TV Network's Gross Margin % for the quarter that ended in Mar. 2024 was 96.29%.


The historical rank and industry rank for Sun TV Network's Gross Margin % or its related term are showing as below:

BOM:532733' s Gross Margin % Range Over the Past 10 Years
Min: 84.76   Med: 87.97   Max: 98.3
Current: 96.67


During the past 13 years, the highest Gross Margin % of Sun TV Network was 98.30%. The lowest was 84.76%. And the median was 87.97%.

BOM:532733's Gross Margin % is ranked better than
96.13% of 956 companies
in the Media - Diversified industry
Industry Median: 38.44 vs BOM:532733: 96.67

Sun TV Network had a gross margin of 96.29% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sun TV Network was 2.60% per year.


Sun TV Network Gross Margin % Historical Data

The historical data trend for Sun TV Network'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.

Sun TV Network Gross Margin % Chart

Sun TV Network Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.37 86.98 84.76 98.30 96.67

Sun TV Network 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 98.04 92.22 100.00 99.81 96.29

Competitive Comparison of Sun TV Network's Gross Margin %

For the Broadcasting subindustry, Sun TV Network'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.


Sun TV Network's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sun TV Network's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sun TV Network's Gross Margin % falls into.



Sun TV Network Gross Margin % Calculation

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

Sun TV Network's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=41396.1 / 42821
=(Revenue - Cost of Goods Sold) / Revenue
=(42821 - 1424.9) / 42821
=96.67 %

Sun TV Network'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 )
=9256 / 9612.8
=(Revenue - Cost of Goods Sold) / Revenue
=(9612.8 - 356.8) / 9612.8
=96.29 %

* 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.


Sun TV Network  (BOM:532733) 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

Sun TV Network had a gross margin of 96.29% 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.


Sun TV Network Gross Margin % Related Terms

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Sun TV Network (BOM:532733) Business Description

Traded in Other Exchanges
Address
73, MRC Nagar Main Road, Murasoli Maran Towers, MRC Nagar, Chennai, TN, IND, 600028
Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment being Broadcasting. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with few operations outside India.

Sun TV Network (BOM:532733) Headlines

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