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Muscat Thread MillsOG (MUS:MTMI) Gross Margin % : 25.02% (As of Dec. 2023)


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What is Muscat Thread MillsOG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Muscat Thread MillsOG's Gross Profit for the six months ended in Dec. 2023 was ر.ع0.82 Mil. Muscat Thread MillsOG's Revenue for the six months ended in Dec. 2023 was ر.ع3.28 Mil. Therefore, Muscat Thread MillsOG's Gross Margin % for the quarter that ended in Dec. 2023 was 25.02%.


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

MUS:MTMI' s Gross Margin % Range Over the Past 10 Years
Min: 13.26   Med: 19.81   Max: 25.99
Current: 25.02


During the past 13 years, the highest Gross Margin % of Muscat Thread MillsOG was 25.99%. The lowest was 13.26%. And the median was 19.81%.

MUS:MTMI's Gross Margin % is ranked worse than
51.02% of 1027 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.51 vs MUS:MTMI: 25.02

Muscat Thread MillsOG had a gross margin of 25.02% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Muscat Thread MillsOG was 12.30% per year.


Muscat Thread MillsOG Gross Margin % Historical Data

The historical data trend for Muscat Thread MillsOG'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.

Muscat Thread MillsOG Gross Margin % Chart

Muscat Thread MillsOG Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.06 18.42 25.99 22.89 25.02

Muscat Thread MillsOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22 Dec23
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 19.06 18.42 25.99 22.89 25.02

Competitive Comparison of Muscat Thread MillsOG's Gross Margin %

For the Textile Manufacturing subindustry, Muscat Thread MillsOG'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.


Muscat Thread MillsOG's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Muscat Thread MillsOG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Muscat Thread MillsOG's Gross Margin % falls into.



Muscat Thread MillsOG Gross Margin % Calculation

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

Muscat Thread MillsOG'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 )
=0.8 / 3.282
=(Revenue - Cost of Goods Sold) / Revenue
=(3.282 - 2.461) / 3.282
=25.02 %

Muscat Thread MillsOG's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.8 / 3.282
=(Revenue - Cost of Goods Sold) / Revenue
=(3.282 - 2.461) / 3.282
=25.02 %

* 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.


Muscat Thread MillsOG  (MUS:MTMI) 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

Muscat Thread MillsOG had a gross margin of 25.02% for the quarter that ended in Dec. 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.


Muscat Thread MillsOG Gross Margin % Related Terms

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Muscat Thread MillsOG Business Description

Traded in Other Exchanges
N/A
Address
Road No 18, P.O.Box 122, Rusayl, OMN, 124
Muscat Thread Mills SAOG manufactures and markets sewing threads in the Sultanate of Oman. It offers apparel sewing, embroidery, fire-resistant, and water-soluble threads under the Boat and Silver Falcon brand names. The firm's revenue is mainly generated from exports. The company also markets its products to Bangladesh, Sri Lanka, India, Pakistan, the United Arab Emirates, Turkey, Jordan, Madagascar, Kenya, Egypt, Mauritius, Saudi Arabia, Indonesia, Qatar, and Kuwait.

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