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Thinking Hats Entertainment Solutions (NSE:THESL) Gross Margin % : 34.01% (As of Mar. 2024)


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What is Thinking Hats Entertainment Solutions Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Thinking Hats Entertainment Solutions's Gross Profit for the six months ended in Mar. 2024 was ₹90.6 Mil. Thinking Hats Entertainment Solutions's Revenue for the six months ended in Mar. 2024 was ₹266.3 Mil. Therefore, Thinking Hats Entertainment Solutions's Gross Margin % for the quarter that ended in Mar. 2024 was 34.01%.


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

NSE:THESL' s Gross Margin % Range Over the Past 10 Years
Min: 16.27   Med: 28.41   Max: 34.01
Current: 34.01

During the past 3 years, the highest Gross Margin % of Thinking Hats Entertainment Solutions was 34.01%. The lowest was 16.27%. And the median was 28.41%.

NSE:THESL's Gross Margin % is ranked worse than
56.79% of 972 companies
in the Media - Diversified industry
Industry Median: 38.945 vs NSE:THESL: 34.01

Thinking Hats Entertainment Solutions had a gross margin of 34.01% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Thinking Hats Entertainment Solutions was 0.00% per year.

Thinking Hats Entertainment Solutions Gross Margin % Historical Data

The historical data trend for Thinking Hats Entertainment Solutions'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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Thinking Hats Entertainment Solutions Gross Margin % Chart

Thinking Hats Entertainment Solutions Annual Data
Trend Mar22 Mar23 Mar24
Gross Margin %
16.27 28.41 34.01

Thinking Hats Entertainment Solutions Semi-Annual Data
Mar22 Mar23 Mar24
Gross Margin % 16.27 28.41 34.01

Competitive Comparison of Thinking Hats Entertainment Solutions's Gross Margin %

For the Advertising Agencies subindustry, Thinking Hats Entertainment Solutions'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.

Thinking Hats Entertainment Solutions's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thinking Hats Entertainment Solutions's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Thinking Hats Entertainment Solutions's Gross Margin % falls into.


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Thinking Hats Entertainment Solutions Gross Margin % Calculation

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

Thinking Hats Entertainment Solutions's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=90.6 / 266.318
=(Revenue - Cost of Goods Sold) / Revenue
=(266.318 - 175.738) / 266.318
=34.01 %

Thinking Hats Entertainment Solutions'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 )
=90.6 / 266.318
=(Revenue - Cost of Goods Sold) / Revenue
=(266.318 - 175.738) / 266.318
=34.01 %

* 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.

Thinking Hats Entertainment Solutions  (NSE:THESL) 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

Thinking Hats Entertainment Solutions had a gross margin of 34.01% 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.

Thinking Hats Entertainment Solutions Gross Margin % Related Terms

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Thinking Hats Entertainment Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thinking Hats Entertainment Solutions Ltd (NSE:THESL) » Definitions » Gross Margin %
Comparable Companies
BOM:543951 NSE:CMRSL NSE:VERITAAS BOM:541799 BOM:543439 BOM:543651 BOM:543305 BOM:531692 BOM:544303 NSE:TOUCHWOOD XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 TSE:4751 XPAR:DEC XTER:SAX SZSE:002131
Traded in Other Exchanges
N/A
Address
5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301
Website
https://www.thes.in
Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.

Thinking Hats Entertainment Solutions Headlines

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