Tabreed PJSC (DFM:TABREED) Gross Margin % : 50.94% (As of Mar. 2024)

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What is Tabreed PJSC Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tabreed PJSC's Gross Profit for the three months ended in Mar. 2024 was د.إ238 Mil. Tabreed PJSC's Revenue for the three months ended in Mar. 2024 was د.إ468 Mil. Therefore, Tabreed PJSC's Gross Margin % for the quarter that ended in Mar. 2024 was 50.94%.

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

DFM:TABREED' s Gross Margin % Range Over the Past 10 Years
Min: 27.98 Med: 37.18 Max: 49.1
Current: 44.67

During the past 13 years, the highest Gross Margin % of Tabreed PJSC was 49.10%. The lowest was 27.98%. And the median was 37.18%.

DFM:TABREED's Gross Margin % is ranked better than
76.54% of 503 companies
in the Utilities - Regulated industry
Industry Median: 29.51 vs DFM:TABREED: 44.67

Tabreed PJSC had a gross margin of 50.94% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tabreed PJSC was 6.50% per year.

Tabreed PJSC Gross Margin % Historical Data

The historical data trend for Tabreed PJSC'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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Tabreed PJSC Gross Margin % Chart

Tabreed PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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35.34

49.10

44.54

46.85

44.80

Tabreed PJSC 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															51.66	47.52	36.74	46.92	50.94

Competitive Comparison of Tabreed PJSC's Gross Margin %

For the Utilities - Regulated Water subindustry, Tabreed PJSC'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.

Tabreed PJSC's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tabreed PJSC's Gross Margin % distribution charts can be found below:

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

Tabreed PJSC Gross Margin % Calculation

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

Tabreed PJSC'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 )
	=	1082.1	/	2415.475
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2415.475 - 1333.39)	/	2415.475
	=	44.80 %

Tabreed PJSC'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 )
	=	238.5	/	468.104
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(468.104 - 229.634)	/	468.104
	=	50.94 %

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.

Tabreed PJSC (DFM:TABREED) 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

Tabreed PJSC had a gross margin of 50.94% 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.

Tabreed PJSC Gross Margin % Related Terms

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Tabreed PJSC (DFM:TABREED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tabreed PJSC (DFM:TABREED) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 29478, Masdar City, Abu Dhabi, ARE

Website

https://www.tabreed.ae

Tabreed PJSC is engaged in to supply of chilled water, operation, and maintenance of plants, construction of secondary networks, manufacturing of pre-insulated pipes, and design and supervision consultancy. The company has two reportable operating segments. The chilled water segment constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems, and the Value chain business segment is involved in ancillary activities relating to the expansion of the group's chilled water business. The company generates key revenue from Chilled water.

Tabreed PJSC (DFM:TABREED) Headlines

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