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East Pipes Integrated Co for Industry (SAU:1321) Gross Margin % : 29.49% (As of Mar. 2024)


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What is East Pipes Integrated Co for Industry Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. East Pipes Integrated Co for Industry's Gross Profit for the three months ended in Mar. 2024 was ﷼213 Mil. East Pipes Integrated Co for Industry's Revenue for the three months ended in Mar. 2024 was ﷼722 Mil. Therefore, East Pipes Integrated Co for Industry's Gross Margin % for the quarter that ended in Mar. 2024 was 29.49%.


The historical rank and industry rank for East Pipes Integrated Co for Industry's Gross Margin % or its related term are showing as below:

SAU:1321' s Gross Margin % Range Over the Past 10 Years
Min: 4.64   Med: 16.78   Max: 24.61
Current: 22.72


During the past 4 years, the highest Gross Margin % of East Pipes Integrated Co for Industry was 24.61%. The lowest was 4.64%. And the median was 16.78%.

SAU:1321's Gross Margin % is ranked better than
75.51% of 584 companies
in the Steel industry
Industry Median: 13.11 vs SAU:1321: 22.72

East Pipes Integrated Co for Industry had a gross margin of 29.49% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for East Pipes Integrated Co for Industry was 0.00% per year.


East Pipes Integrated Co for Industry Gross Margin % Historical Data

The historical data trend for East Pipes Integrated Co for Industry'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.

East Pipes Integrated Co for Industry Gross Margin % Chart

East Pipes Integrated Co for Industry Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Gross Margin %
24.61 4.64 10.83 22.72

East Pipes Integrated Co for Industry Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.44 -16.27 14.38 20.09 29.49

Competitive Comparison of East Pipes Integrated Co for Industry's Gross Margin %

For the Steel subindustry, East Pipes Integrated Co for Industry'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.


East Pipes Integrated Co for Industry's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, East Pipes Integrated Co for Industry's Gross Margin % distribution charts can be found below:

* The bar in red indicates where East Pipes Integrated Co for Industry's Gross Margin % falls into.



East Pipes Integrated Co for Industry Gross Margin % Calculation

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

East Pipes Integrated Co for Industry'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 )
=350.6 / 1543.168
=(Revenue - Cost of Goods Sold) / Revenue
=(1543.168 - 1192.609) / 1543.168
=22.72 %

East Pipes Integrated Co for Industry'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 )
=212.8 / 721.753
=(Revenue - Cost of Goods Sold) / Revenue
=(721.753 - 508.931) / 721.753
=29.49 %

* 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.


East Pipes Integrated Co for Industry  (SAU:1321) 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

East Pipes Integrated Co for Industry had a gross margin of 29.49% 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.


East Pipes Integrated Co for Industry Gross Margin % Related Terms

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East Pipes Integrated Co for Industry (SAU:1321) Business Description

Traded in Other Exchanges
N/A
Address
Street No 89, 2nd Industrial City, P.O Box 12943, P. Code 31483, Dammam, SAU
East Pipes Integrated Co for Industry is engaged in the manufacturing of Helical Submerged Arc Welded (HSAW) pipes. It produces pipes that transport Water, Oil, and Gas, according to a wide range of diameters of spiral pipes. The firm provides coating services on pipes provided by the customers and generates revenue from the same. The business operating assets of the firm are located in the Kingdom of Saudi Arabia.

East Pipes Integrated Co for Industry (SAU:1321) Headlines

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