P.B. Group (HKSE:08331) Gross Margin % : 38.08% (As of Sep. 2023)

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What is P.B. Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. P.B. Group's Gross Profit for the three months ended in Sep. 2023 was HK$5.75 Mil. P.B. Group's Revenue for the three months ended in Sep. 2023 was HK$15.10 Mil. Therefore, P.B. Group's Gross Margin % for the quarter that ended in Sep. 2023 was 38.08%.

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

HKSE:08331' s Gross Margin % Range Over the Past 10 Years
Min: 35.91 Med: 45.07 Max: 52.69
Current: 37.98

During the past 8 years, the highest Gross Margin % of P.B. Group was 52.69%. The lowest was 35.91%. And the median was 45.07%.

HKSE:08331's Gross Margin % is ranked better than
74.43% of 704 companies
in the Metals & Mining industry
Industry Median: 19.22 vs HKSE:08331: 37.98

P.B. Group had a gross margin of 38.08% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for P.B. Group was 5.10% per year.

P.B. Group Gross Margin % Historical Data

The historical data trend for P.B. 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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P.B. Group Gross Margin % Chart

P.B. Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Gross Margin %

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35.91

42.86

51.54

52.69

47.59

P.B. Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															42.69	44.58	44.73	37.89	38.08

Competitive Comparison of P.B. Group's Gross Margin %

For the Other Industrial Metals & Mining subindustry, P.B. 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.

P.B. Group's Gross Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, P.B. Group's Gross Margin % distribution charts can be found below:

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

P.B. Group Gross Margin % Calculation

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

P.B. Group's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )	=	Gross Profit (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	41.3	/	86.812
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(86.812 - 45.497)	/	86.812
	=	47.59 %

P.B. Group's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	5.7	/	15.096
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(15.096 - 9.348)	/	15.096
	=	38.08 %

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.

P.B. Group (HKSE:08331) 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

P.B. Group had a gross margin of 38.08% for the quarter that ended in Sep. 2023 => Competition eroding margins

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.

P.B. Group Gross Margin % Related Terms

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P.B. Group (HKSE:08331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P.B. Group Ltd (HKSE:08331) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Tung Lo Wan Road, Park Commercial Centre, Room 1601, 16/F, Causeway Bay, Hong Kong, HKG

Website

http://www.thepbg.com

P.B. Group Ltd is engaged in bentonite mining, production and sales of drilling mud and pelletising clay. The company is also engaged in the financial service business. It operates in two reportable segments Bentonite mining operation engaged in Bentonite mining, production and sales of drilling mud and pelletising clay; and Financial service business engaged in provision of wealth management services, money lending services and provision of financial services. It derives revenue from Bentonite mining operations.

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