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Panasonic Manufacturing Philippines (PHS:PMPC) Gross Margin % : 14.20% (As of Dec. 2023)


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What is Panasonic Manufacturing Philippines Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Panasonic Manufacturing Philippines's Gross Profit for the three months ended in Dec. 2023 was ₱440 Mil. Panasonic Manufacturing Philippines's Revenue for the three months ended in Dec. 2023 was ₱3,099 Mil. Therefore, Panasonic Manufacturing Philippines's Gross Margin % for the quarter that ended in Dec. 2023 was 14.20%.

Warning Sign:

Panasonic Manufacturing Philippines Corp gross margin has been in long-term decline. The average rate of decline per year is -1.3%.


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

PHS:PMPC' s Gross Margin % Range Over the Past 10 Years
Min: 16.59   Med: 20.85   Max: 26.26
Current: 18.8


During the past 13 years, the highest Gross Margin % of Panasonic Manufacturing Philippines was 26.26%. The lowest was 16.59%. And the median was 20.85%.

PHS:PMPC's Gross Margin % is ranked worse than
63.07% of 2440 companies
in the Hardware industry
Industry Median: 24.375 vs PHS:PMPC: 18.80

Panasonic Manufacturing Philippines had a gross margin of 14.20% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Panasonic Manufacturing Philippines was -1.30% per year.


Panasonic Manufacturing Philippines Gross Margin % Historical Data

The historical data trend for Panasonic Manufacturing Philippines'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.

Panasonic Manufacturing Philippines Gross Margin % Chart

Panasonic Manufacturing Philippines Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.56 20.15 23.58 20.22 16.59

Panasonic Manufacturing Philippines 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.97 27.97 15.48 14.72 14.20

Competitive Comparison of Panasonic Manufacturing Philippines's Gross Margin %

For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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.


Panasonic Manufacturing Philippines's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Panasonic Manufacturing Philippines's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Panasonic Manufacturing Philippines's Gross Margin % falls into.



Panasonic Manufacturing Philippines Gross Margin % Calculation

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

Panasonic Manufacturing Philippines'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 )
=2518.4 / 15178.323
=(Revenue - Cost of Goods Sold) / Revenue
=(15178.323 - 12659.892) / 15178.323
=16.59 %

Panasonic Manufacturing Philippines'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 )
=440.2 / 3099.454
=(Revenue - Cost of Goods Sold) / Revenue
=(3099.454 - 2659.218) / 3099.454
=14.20 %

* 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.


Panasonic Manufacturing Philippines  (PHS:PMPC) 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

Panasonic Manufacturing Philippines had a gross margin of 14.20% 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.


Panasonic Manufacturing Philippines Gross Margin % Related Terms

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Panasonic Manufacturing Philippines (PHS:PMPC) Business Description

Traded in Other Exchanges
N/A
Address
Ortigas Avenue Extension, Barrio Mapandan, Barangay San Isidro, Rizal, Taytay, RIZ, PHL, 1920
Panasonic Manufacturing Philippines Corp company is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Life Solutions includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. The Consumer segment generates maximum revenue for the company. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hongkong, and Taiwan.

Panasonic Manufacturing Philippines (PHS:PMPC) Headlines

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