PT Steadyfe Tbk (ISX:SAFE) Gross Margin % : 30.17% (As of Mar. 2024)

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What is PT Steadyfe Tbk Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PT Steadyfe Tbk's Gross Profit for the three months ended in Mar. 2024 was Rp17,786 Mil. PT Steadyfe Tbk's Revenue for the three months ended in Mar. 2024 was Rp58,944 Mil. Therefore, PT Steadyfe Tbk's Gross Margin % for the quarter that ended in Mar. 2024 was 30.17%.

Warning Sign:

PT Steady Safe Tbk gross margin has been in long-term decline. The average rate of decline per year is -2.2%.

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

ISX:SAFE' s Gross Margin % Range Over the Past 10 Years
Min: 25.83 Med: 32.61 Max: 93.11
Current: 28.07

During the past 13 years, the highest Gross Margin % of PT Steadyfe Tbk was 93.11%. The lowest was 25.83%. And the median was 32.61%.

ISX:SAFE's Gross Margin % is ranked better than
66.28% of 943 companies
in the Transportation industry
Industry Median: 20.18 vs ISX:SAFE: 28.07

PT Steadyfe Tbk had a gross margin of 30.17% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for PT Steadyfe Tbk was -2.20% per year.

PT Steadyfe Tbk Gross Margin % Historical Data

The historical data trend for PT Steadyfe Tbk'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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PT Steadyfe Tbk Gross Margin % Chart

PT Steadyfe Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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35.28

25.83

32.61

25.92

26.74

PT Steadyfe Tbk 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															25.15	27.47	28.33	26.33	30.17

Competitive Comparison of PT Steadyfe Tbk's Gross Margin %

For the Railroads subindustry, PT Steadyfe Tbk'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.

PT Steadyfe Tbk's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Steadyfe Tbk's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PT Steadyfe Tbk's Gross Margin % falls into.

PT Steadyfe Tbk Gross Margin % Calculation

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

PT Steadyfe Tbk'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 )
	=	64913.9	/	242792.618
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(242792.618 - 177878.752)	/	242792.618
	=	26.74 %

PT Steadyfe Tbk'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 )
	=	17786	/	58944.107
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(58944.107 - 41158.066)	/	58944.107
	=	30.17 %

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.

PT Steadyfe Tbk (ISX:SAFE) 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

PT Steadyfe Tbk had a gross margin of 30.17% for the quarter that ended in Mar. 2024 => 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.

PT Steadyfe Tbk Gross Margin % Related Terms

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

PT Steadyfe Tbk (ISX:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Steady Safe Tbk (ISX:SAFE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Prof. DR. Satrio No.7, 15th Floor Satrio Tower RT.7/RW.2, Kuningan, Kecamatan Setiabudi Kota Jakarta Selatan, Daerah Khusus Ibukota, Jakarta, IDN, 12950

Website

http://www.steadysafe.co.id

PT Steady Safe Tbk is a public transportation company. Its business activities are in the field of transportation services, especially to be busway operator in Jakarta. The company and subsidiaries classify their business activities in two main business segments namely Land Transportation and Financial Services segment. The firm's revenue is dominated by the Land Transportation segment.