TCM Group A/S (LTS:0CUN) Gross Margin % : 20.68% (As of Mar. 2024)

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What is TCM Group A/S Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TCM Group A/S's Gross Profit for the three months ended in Mar. 2024 was kr61 Mil. TCM Group A/S's Revenue for the three months ended in Mar. 2024 was kr293 Mil. Therefore, TCM Group A/S's Gross Margin % for the quarter that ended in Mar. 2024 was 20.68%.

Warning Sign:

TCM Group A/S gross margin has been in long-term decline. The average rate of decline per year is -8.5%.

The historical rank and industry rank for TCM Group A/S's Gross Margin % or its related term are showing as below:

LTS:0CUN' s Gross Margin % Range Over the Past 10 Years
Min: 19.65 Med: 27.98 Max: 30.48
Current: 20.18

During the past 10 years, the highest Gross Margin % of TCM Group A/S was 30.48%. The lowest was 19.65%. And the median was 27.98%.

LTS:0CUN's Gross Margin % is ranked worse than
78.77% of 405 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.25 vs LTS:0CUN: 20.18

TCM Group A/S had a gross margin of 20.68% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for TCM Group A/S was -8.50% per year.

TCM Group A/S Gross Margin % Historical Data

The historical data trend for TCM Group A/S'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.

TCM Group A/S Gross Margin % Chart

TCM Group A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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27.77

26.63

22.97

20.13

19.65

TCM Group A/S 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															18.92	19.99	18.25	21.43	20.68

Competitive Comparison of TCM Group A/S's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, TCM Group A/S'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.

TCM Group A/S's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group A/S's Gross Margin % distribution charts can be found below:

* The bar in red indicates where TCM Group A/S's Gross Margin % falls into.

TCM Group A/S Gross Margin % Calculation

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

TCM Group A/S'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 )
	=	218.3	/	1111.346
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1111.346 - 893.015)	/	1111.346
	=	19.65 %

TCM Group A/S'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 )
	=	60.5	/	292.5
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(292.5 - 232)	/	292.5
	=	20.68 %

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.

TCM Group A/S (LTS:0CUN) 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

TCM Group A/S had a gross margin of 20.68% 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.

TCM Group A/S Gross Margin % Related Terms

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TCM Group A/S (LTS:0CUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TCM Group A/S (LTS:0CUN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

TCM:Denmark

Address

Skautrupvej 16, Tvis, Holstebro, DNK, 7500

Website

https://www.tcmgroup.dk

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark.

TCM Group A/S (LTS:0CUN) Headlines

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