Appollo Ispat Complex (DHA:APOLOISPAT) Gross Margin % : 18.07% (As of Mar. 2019)

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What is Appollo Ispat Complex Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Appollo Ispat Complex's Gross Profit for the three months ended in Mar. 2019 was BDT125 Mil. Appollo Ispat Complex's Revenue for the three months ended in Mar. 2019 was BDT689 Mil. Therefore, Appollo Ispat Complex's Gross Margin % for the quarter that ended in Mar. 2019 was 18.07%.

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

DHA:APOLOISPAT's Gross Margin % is not ranked ^*
in the Steel industry.
Industry Median: 13.11
* Ranked among companies with meaningful Gross Margin % only.

Appollo Ispat Complex had a gross margin of 18.07% for the quarter that ended in Mar. 2019 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Appollo Ispat Complex was 0.00% per year.

Appollo Ispat Complex Gross Margin % Historical Data

The historical data trend for Appollo Ispat Complex'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.

* Premium members only.

Appollo Ispat Complex Gross Margin % Chart

Appollo Ispat Complex Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Gross Margin %

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20.11

22.20

22.50

19.43

18.53

Appollo Ispat Complex Quarterly Data
	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Gross Margin %	Get a 7-Day Free Trial															12.96	33.54	21.77	27.27	18.07

Competitive Comparison of Appollo Ispat Complex's Gross Margin %

For the Steel subindustry, Appollo Ispat Complex'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.

Appollo Ispat Complex's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Appollo Ispat Complex's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Appollo Ispat Complex's Gross Margin % falls into.

Appollo Ispat Complex Gross Margin % Calculation

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

Appollo Ispat Complex's Gross Margin for the fiscal year that ended in Jun. 2018 is calculated as

Gross Margin % (A: Jun. 2018 )	=	Gross Profit (A: Jun. 2018 )	/	Revenue (A: Jun. 2018 )
	=	716	/	3863.827
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3863.827 - 3147.799)	/	3863.827
	=	18.53 %

Appollo Ispat Complex's Gross Margin for the quarter that ended in Mar. 2019 is calculated as

Gross Margin % (Q: Mar. 2019 )	=	Gross Profit (Q: Mar. 2019 )	/	Revenue (Q: Mar. 2019 )
	=	124.5	/	688.809
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(688.809 - 564.309)	/	688.809
	=	18.07 %

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.

Appollo Ispat Complex (DHA:APOLOISPAT) 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

Appollo Ispat Complex had a gross margin of 18.07% for the quarter that ended in Mar. 2019 => 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.

Appollo Ispat Complex Gross Margin % Related Terms

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Appollo Ispat Complex (DHA:APOLOISPAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Appollo Ispat Complex Ltd (DHA:APOLOISPAT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

407, Tejgaon Industrial Area, 4th Floor, Phoenix Tower, Dhaka, BGD, 1208

Website

http://www.appollo-ispat.com

Appollo Ispat Complex Ltd manufactures and sells corrugated iron sheets in Bangladesh and internationally. It offers cold rolled coils; iron or steel galvanized sheets/coils; and ridges. The company's products are used for roofing of new factories, warehouses, and sheds in industrial applications; roofing cow sheds, the roofing and side fencing of poultry farms, and the fencing of agricultural projects; and roofing small shops, shutter as well as for fencing around the construction area.

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