CTT-Correios de Portugal (CTT-Correios de Portugal) Gross Margin % : 46.77% (As of Dec. 2023)

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What is CTT-Correios de Portugal Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CTT-Correios de Portugal's Gross Profit for the three months ended in Dec. 2023 was $131 Mil. CTT-Correios de Portugal's Revenue for the three months ended in Dec. 2023 was $280 Mil. Therefore, CTT-Correios de Portugal's Gross Margin % for the quarter that ended in Dec. 2023 was 46.77%.

The historical rank and industry rank for CTT-Correios de Portugal's Gross Margin % or its related term are showing as below:

CTTPY' s Gross Margin % Range Over the Past 10 Years
Min: 33.36 Med: 41.7 Max: 52.38
Current: 48.6

During the past 13 years, the highest Gross Margin % of CTT-Correios de Portugal was 52.38%. The lowest was 33.36%. And the median was 41.70%.

CTTPY's Gross Margin % is ranked better than
88.55% of 943 companies
in the Transportation industry
Industry Median: 20.14 vs CTTPY: 48.60

CTT-Correios de Portugal had a gross margin of 46.77% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CTT-Correios de Portugal was 4.30% per year.

CTT-Correios de Portugal Gross Margin % Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal Gross Margin % Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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40.41

40.29

41.73

41.67

48.99

CTT-Correios de Portugal 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															30.74	50.20	46.03	51.68	46.77

Competitive Comparison of CTT-Correios de Portugal's Gross Margin %

For the Integrated Freight & Logistics subindustry, CTT-Correios de Portugal'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.

CTT-Correios de Portugal's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CTT-Correios de Portugal's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CTT-Correios de Portugal's Gross Margin % falls into.

CTT-Correios de Portugal Gross Margin % Calculation

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

CTT-Correios de Portugal'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 )
	=	504	/	1028.787
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1028.787 - 524.752)	/	1028.787
	=	48.99 %

CTT-Correios de Portugal'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 )
	=	131.2	/	280.451
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(280.451 - 149.284)	/	280.451
	=	46.77 %

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.

CTT-Correios de Portugal (GREY:CTTPY) 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

CTT-Correios de Portugal had a gross margin of 46.77% for the quarter that ended in Dec. 2023 => 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.

CTT-Correios de Portugal Gross Margin % Related Terms

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CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.