Reetech International Cargourier (BOM:543617) Gross Margin % : 3.64% (As of Sep. 2023)

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What is Reetech International Cargourier Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Reetech International Cargourier's Gross Profit for the six months ended in Sep. 2023 was ₹3.4 Mil. Reetech International Cargourier's Revenue for the six months ended in Sep. 2023 was ₹93.8 Mil. Therefore, Reetech International Cargourier's Gross Margin % for the quarter that ended in Sep. 2023 was 3.64%.

The historical rank and industry rank for Reetech International Cargourier's Gross Margin % or its related term are showing as below:

BOM:543617' s Gross Margin % Range Over the Past 10 Years
Min: -1.13 Med: 2.32 Max: 3.35
Current: 2.78

During the past 4 years, the highest Gross Margin % of Reetech International Cargourier was 3.35%. The lowest was -1.13%. And the median was 2.32%.

BOM:543617's Gross Margin % is ranked worse than
87.01% of 585 companies
in the Steel industry
Industry Median: 13.01 vs BOM:543617: 2.78

Reetech International Cargourier had a gross margin of 3.64% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Reetech International Cargourier was 0.00% per year.

Reetech International Cargourier Gross Margin % Historical Data

The historical data trend for Reetech International Cargourier'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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Reetech International Cargourier Gross Margin % Chart

Reetech International Cargourier Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Gross Margin %

2.32

3.35

-1.13

Reetech International Cargourier Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial			-	-	-3.74	2.65	3.64

Competitive Comparison of Reetech International Cargourier's Gross Margin %

For the Coking Coal subindustry, Reetech International Cargourier'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.

Reetech International Cargourier's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Reetech International Cargourier's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Reetech International Cargourier's Gross Margin % falls into.

Reetech International Cargourier Gross Margin % Calculation

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

Reetech International Cargourier'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 )
	=	-18.3	/	1617.676
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1617.676 - 1635.991)	/	1617.676
	=	-1.13 %

Reetech International Cargourier's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.4	/	93.839
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(93.839 - 90.423)	/	93.839
	=	3.64 %

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.

Reetech International Cargourier (BOM:543617) 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

Reetech International Cargourier had a gross margin of 3.64% for the quarter that ended in Sep. 2023 => No sustainable 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.

Reetech International Cargourier Gross Margin % Related Terms

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Reetech International Cargourier (BOM:543617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Reetech International Cargo & Courier Ltd (BOM:543617) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sai Kunj Civil Lines, Raipur, CT, IND, 492001

Website

https://www.reetechinternational.com

Reetech International Cargo And Courier Ltd is a Coal Supplier in India. The company's diversified product portfolio comprises coal from Indonesia, South Africa, Australia and India, among other origins. The company supply the products to customers in various sectors such as Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation and Railway.

Reetech International Cargourier (BOM:543617) Headlines

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