Top Glove Corp Bhd gross margin has been in long-term decline. The average rate of decline per year is -23.6%.
The historical rank and industry rank for Top Glove Bhd's Gross Margin % or its related term are showing as below:
During the past 13 years, the highestGross Margin % of Top Glove Bhd was 67.86%. The lowest was 2.85%. And the median was 19.19%.
TPGVF's Gross Margin % is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 51.89 * Ranked among companies with meaningful Gross Margin % only.
Top Glove Bhd had a gross margin of N/A% for the quarter that ended in May. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Top Glove Bhd was -23.60% per year.
Top Glove Bhd Gross Margin % Historical Data
The historical data trend for Top Glove Bhd'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.
Competitive Comparison of Top Glove Bhd's Gross Margin %
For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.
Top Glove Bhd's Gross Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Top Glove Bhd's Gross Margin % falls into.
* 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.
Top Glove Bhd (OTCPK:TPGVF) 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
Top Glove Bhd had a gross margin of N/A% for the quarter that ended in May. 2024 => 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.
Top Glove Bhd Gross Margin % Related Terms
Thank you for viewing the detailed overview of Top Glove Bhd's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.
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