Sameer Africa (NAI:SMER) Gross Margin % : 86.76% (As of Jun. 2023)

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What is Sameer Africa Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sameer Africa's Gross Profit for the six months ended in Jun. 2023 was KES174.6 Mil. Sameer Africa's Revenue for the six months ended in Jun. 2023 was KES201.2 Mil. Therefore, Sameer Africa's Gross Margin % for the quarter that ended in Jun. 2023 was 86.76%.

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

NAI:SMER' s Gross Margin % Range Over the Past 10 Years
Min: 15.38 Med: 27.67 Max: 75.37
Current: 68.09

During the past 12 years, the highest Gross Margin % of Sameer Africa was 75.37%. The lowest was 15.38%. And the median was 27.67%.

NAI:SMER's Gross Margin % is ranked better than
98.42% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 19.67 vs NAI:SMER: 68.09

Sameer Africa had a gross margin of 86.76% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sameer Africa was 28.70% per year.

Sameer Africa Gross Margin % Historical Data

The historical data trend for Sameer Africa'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.

Sameer Africa Gross Margin % Chart

Sameer Africa Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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16.54

15.38

32.17

75.37

60.37

Sameer Africa Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial															86.97	63.94	64.97	55.55	86.76

Competitive Comparison of Sameer Africa's Gross Margin %

For the Auto Parts subindustry, Sameer Africa'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.

Sameer Africa's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sameer Africa's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sameer Africa's Gross Margin % falls into.

Sameer Africa Gross Margin % Calculation

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

Sameer Africa's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	370.1	/	613.065
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(613.065 - 242.974)	/	613.065
	=	60.37 %

Sameer Africa's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	174.6	/	201.197
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(201.197 - 26.636)	/	201.197
	=	86.76 %

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.

Sameer Africa (NAI:SMER) 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

Sameer Africa had a gross margin of 86.76% for the quarter that ended in Jun. 2023 => Durable 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.

Sameer Africa Gross Margin % Related Terms

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Sameer Africa (NAI:SMER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sameer Africa Ltd (NAI:SMER) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mombasa Road Junction, PO Box 30429, LR No. 12081/9, Nairobi, KEN, 00100

Website

https://www.sameerafrica.com

Sameer Africa Ltd engages in the manufacturing and distribution of tyres and allied products and the letting of investment property. The company operates through four business segments: sourcing and distribution, regional operations, Yana tyre centre, and rental business where the sourcing and distribution segment is engaged in the manufacturing and distribution of tires, tubes, and flaps, the regional operations segment engages in the buying and distribution of tires, tubes, and flaps in the Eastern Africa region, Yana tyre center segment is involved in the retailing of tires, tubes, and flaps, and the provision of tire-related services and the rental business segment is engaged in the letting of investment properties.

Sameer Africa (NAI:SMER) Headlines

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