Seeka (NZSE:SEK) Gross Margin % : 27.81% (As of Jun. 2024)

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What is Seeka Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Seeka's Gross Profit for the six months ended in Jun. 2024 was NZ$79.0 Mil. Seeka's Revenue for the six months ended in Jun. 2024 was NZ$284.2 Mil. Therefore, Seeka's Gross Margin % for the quarter that ended in Jun. 2024 was 27.81%.

Warning Sign:

Seeka Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.1%.

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

NZSE:SEK' s Gross Margin % Range Over the Past 10 Years
Min: 16.19 Med: 18.93 Max: 23.66
Current: 21.3

During the past 13 years, the highest Gross Margin % of Seeka was 23.66%. The lowest was 16.19%. And the median was 18.93%.

NZSE:SEK's Gross Margin % is ranked worse than
60.27% of 1840 companies
in the Consumer Packaged Goods industry
Industry Median: 25.825 vs NZSE:SEK: 21.30

Seeka had a gross margin of 27.81% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Seeka was -2.10% per year.

Seeka Gross Margin % Historical Data

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

Seeka Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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20.04

20.95

23.66

19.61

16.19

Seeka Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial															25.05	6.28	22.77	0.34	27.81

Competitive Comparison of Seeka's Gross Margin %

For the Farm Products subindustry, Seeka'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.

Seeka's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Seeka's Gross Margin % distribution charts can be found below:

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

Seeka Gross Margin % Calculation

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

Seeka'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 )
	=	48.7	/	300.92
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(300.92 - 252.194)	/	300.92
	=	16.19 %

Seeka's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	79	/	284.196
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(284.196 - 205.156)	/	284.196
	=	27.81 %

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.

Seeka (NZSE:SEK) 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

Seeka had a gross margin of 27.81% for the quarter that ended in Jun. 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.

Seeka Gross Margin % Related Terms

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Seeka Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seeka Ltd (NZSE:SEK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

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Address

34 Young Road, PO Box 47, RD9, Paengaroa, Te Puke, BOP, NZL, 3153

Website

https://www.seeka.co.nz

Seeka Ltd is engaged in providing orcharding, post-harvest and retail services to New Zealand's produce industries. It handles products including avocados and kiwi berries, kiwifruit pollen, imported tropical fruits and local seasonal fruits and vegetables. The group has five operating segments: Orchard operations, Post-harvest operations, Retail service operations, All other segments and Australian operations. It generates maximum revenue from the Post harvest operations segment in which it provides post-harvest services to the kiwifruit, avocado, citrus, persimmon and Kiwiberry industries. This includes all crops from the company's orchard management and lease operations, plus crops from independent orchard owners.

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