Caravelle International Group (Caravelle International Group) Gross Margin % : 7.51% (As of Apr. 2023)

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What is Caravelle International Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Caravelle International Group's Gross Profit for the six months ended in Apr. 2023 was $3.4 Mil. Caravelle International Group's Revenue for the six months ended in Apr. 2023 was $45.1 Mil. Therefore, Caravelle International Group's Gross Margin % for the quarter that ended in Apr. 2023 was 7.51%.

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

CACO' s Gross Margin % Range Over the Past 10 Years
Min: -5.03 Med: 10.62 Max: 14.48
Current: 6.31

During the past 3 years, the highest Gross Margin % of Caravelle International Group was 14.48%. The lowest was -5.03%. And the median was 10.62%.

CACO's Gross Margin % is ranked worse than
87.62% of 945 companies
in the Transportation industry
Industry Median: 20.25 vs CACO: 6.31

Caravelle International Group had a gross margin of 7.51% for the quarter that ended in Apr. 2023 => No sustainable competitive advantage

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

Caravelle International Group Gross Margin % Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group Gross Margin % Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Gross Margin %

-5.03

10.62

14.48

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Gross Margin %	Get a 7-Day Free Trial			3.32	17.84	22.54	5.70	7.51

Competitive Comparison of Caravelle International Group's Gross Margin %

For the Marine Shipping subindustry, Caravelle International Group'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.

Caravelle International Group's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Gross Margin % distribution charts can be found below:

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

Caravelle International Group Gross Margin % Calculation

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

Caravelle International Group's Gross Margin for the fiscal year that ended in Oct. 2022 is calculated as

Gross Margin % (A: Oct. 2022 )	=	Gross Profit (A: Oct. 2022 )	/	Revenue (A: Oct. 2022 )
	=	26.8	/	185.35
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(185.35 - 158.503)	/	185.35
	=	14.48 %

Caravelle International Group's Gross Margin for the quarter that ended in Apr. 2023 is calculated as

Gross Margin % (Q: Apr. 2023 )	=	Gross Profit (Q: Apr. 2023 )	/	Revenue (Q: Apr. 2023 )
	=	3.4	/	45.102
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(45.102 - 41.714)	/	45.102
	=	7.51 %

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.

Caravelle International Group (NAS:CACO) 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

Caravelle International Group had a gross margin of 7.51% for the quarter that ended in Apr. 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.

Caravelle International Group Gross Margin % Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.