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DIIBF (Dorel Industries) Gross Margin % : 18.51% (As of Sep. 2024)


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What is Dorel Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Dorel Industries's Gross Profit for the three months ended in Sep. 2024 was $66 Mil. Dorel Industries's Revenue for the three months ended in Sep. 2024 was $354 Mil. Therefore, Dorel Industries's Gross Margin % for the quarter that ended in Sep. 2024 was 18.51%.

Warning Sign:

Dorel Industries Inc gross margin has been in long-term decline. The average rate of decline per year is -7%.


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

DIIBF' s Gross Margin % Range Over the Past 10 Years
Min: 13.06   Med: 20.95   Max: 23.73
Current: 19.29


During the past 13 years, the highest Gross Margin % of Dorel Industries was 23.73%. The lowest was 13.06%. And the median was 20.95%.

DIIBF's Gross Margin % is ranked worse than
78.37% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.695 vs DIIBF: 19.29

Dorel Industries had a gross margin of 18.51% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Dorel Industries was -7.00% per year.


Dorel Industries Gross Margin % Historical Data

The historical data trend for Dorel Industries'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.

Dorel Industries Gross Margin % Chart

Dorel Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.33 19.70 16.74 13.06 17.55

Dorel Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.35 20.20 19.44 19.01 18.51

Competitive Comparison of Dorel Industries's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Dorel Industries'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.


Dorel Industries's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Dorel Industries's Gross Margin % distribution charts can be found below:

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



Dorel Industries Gross Margin % Calculation

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

Dorel Industries'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 )
=243.8 / 1388.748
=(Revenue - Cost of Goods Sold) / Revenue
=(1388.748 - 1144.968) / 1388.748
=17.55 %

Dorel Industries's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=65.6 / 354.22
=(Revenue - Cost of Goods Sold) / Revenue
=(354.22 - 288.65) / 354.22
=18.51 %

* 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.

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.


Dorel Industries  (OTCPK:DIIBF) 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

Dorel Industries had a gross margin of 18.51% for the quarter that ended in Sep. 2024 => 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.


Dorel Industries Gross Margin % Related Terms

Thank you for viewing the detailed overview of Dorel Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Dorel Industries Business Description

Traded in Other Exchanges
Address
1255 Greene Avenue, Suite 300, Westmount, QC, CAN, H3Z 2A4
Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments includes Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children's accessories which include infant car seats, strollers, high chairs, and infant health and safety aids. Its geographical segments include Canada, the United States, Europe, Latin America, Asia, and Other countries.

Dorel Industries Headlines

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