BRDCY (Bridgestone) Gross Margin % : 38.50% (As of Jun. 2024)

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What is Bridgestone Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bridgestone's Gross Profit for the three months ended in Jun. 2024 was $2,713 Mil. Bridgestone's Revenue for the three months ended in Jun. 2024 was $7,048 Mil. Therefore, Bridgestone's Gross Margin % for the quarter that ended in Jun. 2024 was 38.50%.

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

BRDCY' s Gross Margin % Range Over the Past 10 Years
Min: 37.61 Med: 38.11 Max: 40.89
Current: 39.09

During the past 13 years, the highest Gross Margin % of Bridgestone was 40.89%. The lowest was 37.61%. And the median was 38.11%.

BRDCY's Gross Margin % is ranked better than
86.71% of 1279 companies
in the Vehicles & Parts industry
Industry Median: 20.04 vs BRDCY: 39.09

Bridgestone had a gross margin of 38.50% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Bridgestone was 0.60% per year.

Bridgestone Gross Margin % Historical Data

The historical data trend for Bridgestone'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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Bridgestone Gross Margin % Chart

Bridgestone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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37.77

37.61

40.56

38.76

38.31

Bridgestone Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															38.09	38.13	40.30	38.50	39.50

Competitive Comparison of Bridgestone's Gross Margin %

For the Auto Parts subindustry, Bridgestone'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.

Bridgestone's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bridgestone's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bridgestone's Gross Margin % falls into.

Bridgestone Gross Margin % Calculation

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

Bridgestone'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 )
	=	11477.7	/	29960.794
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(29960.794 - 18483.118)	/	29960.794
	=	38.31 %

Bridgestone's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2713.4	/	7048.385
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7048.385 - 4334.968)	/	7048.385
	=	38.50 %

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.

Bridgestone (OTCPK:BRDCY) 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

Bridgestone had a gross margin of 38.50% for the quarter that ended in Jun. 2024 => 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.

Bridgestone Gross Margin % Related Terms

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Bridgestone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bridgestone Corp (OTCPK:BRDCY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BRDCF:USA 5108:Japan BGTA:Germany BGT:Germany BGT:Germany

Address

1-1-3 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8340

Website

http://www.bridgestone.co.jp

Bridgestone Corp is engaged in developing, manufacturing and marketing tires and diversified products. The company manufactures tires and tubes for passenger cars, trucks and buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles and scooters and others. Its tire operations include retread business, automotive maintenance and repairs, retail business and raw material supplies, as well as tire development, manufacturing, and marketing. Bridgestone also provides diversified products that include, industrial products, chemical products, automotive components, construction materials, electronic equipment, bicycles, and sporting goods.