Marco Cables and Conductors (NSE:MARCO) Gross Margin % : 23.87% (As of Mar. 2023)

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What is Marco Cables and Conductors Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Marco Cables and Conductors's Gross Profit for the six months ended in Mar. 2023 was ₹135.5 Mil. Marco Cables and Conductors's Revenue for the six months ended in Mar. 2023 was ₹567.7 Mil. Therefore, Marco Cables and Conductors's Gross Margin % for the quarter that ended in Mar. 2023 was 23.87%.

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

NSE:MARCO' s Gross Margin % Range Over the Past 10 Years
Min: 18.04 Med: 19.91 Max: 23.87
Current: 23.87

During the past 3 years, the highest Gross Margin % of Marco Cables and Conductors was 23.87%. The lowest was 18.04%. And the median was 19.91%.

NSE:MARCO's Gross Margin % is ranked worse than
58.07% of 2931 companies
in the Industrial Products industry
Industry Median: 26.55 vs NSE:MARCO: 23.87

Marco Cables and Conductors had a gross margin of 23.87% for the quarter that ended in Mar. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Marco Cables and Conductors was 0.00% per year.

Marco Cables and Conductors Gross Margin % Historical Data

The historical data trend for Marco Cables and Conductors'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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Marco Cables and Conductors Gross Margin % Chart

Marco Cables and Conductors Annual Data

Trend

Mar21

Mar22

Mar23

Gross Margin %

19.91

18.04

23.87

Marco Cables and Conductors Semi-Annual Data
	Mar21	Mar22	Mar23
Gross Margin %	19.91	18.04	23.87

Competitive Comparison of Marco Cables and Conductors's Gross Margin %

For the Electrical Equipment & Parts subindustry, Marco Cables and Conductors'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.

Marco Cables and Conductors's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marco Cables and Conductors's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Marco Cables and Conductors's Gross Margin % falls into.

Marco Cables and Conductors Gross Margin % Calculation

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

Marco Cables and Conductors's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	135.5	/	567.679
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(567.679 - 432.172)	/	567.679
	=	23.87 %

Marco Cables and Conductors's Gross Margin for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	135.5	/	567.679
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(567.679 - 432.172)	/	567.679
	=	23.87 %

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.

Marco Cables and Conductors (NSE:MARCO) 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

Marco Cables and Conductors had a gross margin of 23.87% for the quarter that ended in Mar. 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.

Marco Cables and Conductors Gross Margin % Related Terms

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Marco Cables and Conductors (NSE:MARCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marco Cables and Conductors Ltd (NSE:MARCO) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

Main Road, Shop No 100, Opposite Bhai Gangaram Market, Ulhasnagar, Thane, MH, IND, 421005

Website

https://www.marcocables.com

Marco Cables and Conductors Ltd is engaged in the business of manufacturing and selling wires, cables wires and conductors in India. It commenced its operations with the manufacturing of wires (with aluminium/copper conductor), LT XLPE cables, LT PVC cables, and LT Aerial Bunched Cables, including AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors.

Marco Cables and Conductors (NSE:MARCO) Headlines

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