Quess (NSE:QUESS) Gross Margin % : 10.60% (As of Dec. 2023)

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What is Quess Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Quess's Gross Profit for the three months ended in Dec. 2023 was ₹5,134 Mil. Quess's Revenue for the three months ended in Dec. 2023 was ₹48,418 Mil. Therefore, Quess's Gross Margin % for the quarter that ended in Dec. 2023 was 10.60%.

Warning Sign:

Quess Corp Ltd gross margin has been in long-term decline. The average rate of decline per year is -10.6%.

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

NSE:QUESS' s Gross Margin % Range Over the Past 10 Years
Min: 11.1 Med: 15.63 Max: 21.24
Current: 11.1

During the past 11 years, the highest Gross Margin % of Quess was 21.24%. The lowest was 11.10%. And the median was 15.63%.

NSE:QUESS's Gross Margin % is ranked worse than
90.6% of 989 companies
in the Business Services industry
Industry Median: 34.65 vs NSE:QUESS: 11.10

Quess had a gross margin of 10.60% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Quess was -10.60% per year.

Quess Gross Margin % Historical Data

The historical data trend for Quess'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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Quess Gross Margin % Chart

Quess Annual Data

Trend

Mar13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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16.71

21.24

18.67

12.61

11.77

Quess Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															11.57	11.94	10.72	11.20	10.60

Competitive Comparison of Quess's Gross Margin %

For the Staffing & Employment Services subindustry, Quess'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.

Quess's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Quess's Gross Margin % distribution charts can be found below:

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

Quess Gross Margin % Calculation

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

Quess'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 )
	=	20193.9	/	171583.87
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(171583.87 - 151390)	/	171583.87
	=	11.77 %

Quess'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 )
	=	5134.1	/	48418.32
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(48418.32 - 43284.21)	/	48418.32
	=	10.60 %

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.

Quess (NSE:QUESS) 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

Quess had a gross margin of 10.60% for the quarter that ended in Dec. 2023 => No sustainable 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.

Quess Gross Margin % Related Terms

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Quess (NSE:QUESS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quess Corp Ltd (NSE:QUESS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

539978:India

Address

3/3/2 Bellandur Gate, Sarjapur Main Road, Quess House, Bengaluru, KA, IND, 560103

Website

https://www.quesscorp.com

Quess Corp Ltd is a business service provider based in India. The company's operating segment includes Workforce Management; Operating Asset Management. Global technology solutions and Product led business. Its Workforce Management segment provides staffing services and solutions including general staffing, recruitment, and executive search, recruitment process outsourcing, as well as payroll, compliance, and background verification services, training and skill development, and logistic services; Operating Asset Managements; and Global technology solutions. It generates maximum revenue from the Workforce Management segment. Geographically, it derives a majority of its revenue from India.

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