Micreed Co (TSE:7687) Gross Margin % : 34.78% (As of Dec. 2023)

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What is Micreed Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Micreed Co's Gross Profit for the three months ended in Dec. 2023 was 円553 Mil. Micreed Co's Revenue for the three months ended in Dec. 2023 was 円1,590 Mil. Therefore, Micreed Co's Gross Margin % for the quarter that ended in Dec. 2023 was 34.78%.

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

TSE:7687' s Gross Margin % Range Over the Past 10 Years
Min: 30.63 Med: 33.64 Max: 34.56
Current: 34.56

During the past 6 years, the highest Gross Margin % of Micreed Co was 34.56%. The lowest was 30.63%. And the median was 33.64%.

TSE:7687's Gross Margin % is ranked better than
79.48% of 307 companies
in the Retail - Defensive industry
Industry Median: 22.85 vs TSE:7687: 34.56

Micreed Co had a gross margin of 34.78% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Micreed Co was 1.50% per year.

Micreed Co Gross Margin % Historical Data

The historical data trend for Micreed Co'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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Micreed Co Gross Margin % Chart

Micreed Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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33.59

33.69

33.79

33.58

34.00

Micreed Co Quarterly Data
	Mar18	Mar19	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														34.29	34.30	35.07	34.05	34.78

Competitive Comparison of Micreed Co's Gross Margin %

For the Food Distribution subindustry, Micreed Co'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.

Micreed Co's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Micreed Co's Gross Margin % distribution charts can be found below:

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

Micreed Co Gross Margin % Calculation

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

Micreed Co'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 )
	=	1587	/	4668
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4668 - 3081)	/	4668
	=	34.00 %

Micreed Co'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 )
	=	553	/	1590
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1590 - 1037)	/	1590
	=	34.78 %

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.

Micreed Co (TSE:7687) 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

Micreed Co had a gross margin of 34.78% for the quarter that ended in Dec. 2023 => 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.

Micreed Co Gross Margin % Related Terms

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Micreed Co (TSE:7687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Micreed Co Ltd (TSE:7687) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-16-13 Nihonbashi, Chuo-ku, Landic Nihonbashi Building 9th Floor, Tokyo- Shipping Center, Chiba Prefecture, Order Center Saga City, Saga Prefecture, Narashino, JPN, 103-0027

Website

https://corp.micreed.co.jp

Micreed Co Ltd is engaged in planning and sales of commercial ingredients for restaurants. The company sells products such as meat, fish, vegetables, skewers, fried foods and desserts, frozen foods. It serves small and medium-sized restaurants, mainly privately owned izakayas.

Micreed Co (TSE:7687) Headlines

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