The historical rank and industry rank for Virco Manufacturing's Gross Margin % or its related term are showing as below:
VIRC'
s Gross Margin % Range Over the Past 10 Years
Min: 32.97 Med: 35.66 Max: 43.13
Current: 43.13
During the past 13 years, the highestGross Margin % of Virco Manufacturing was 43.13%. The lowest was 32.97%. And the median was 35.66%.
VIRC's Gross Margin % is ranked better than 81.17% of 409
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.42
vs VIRC: 43.13
Virco Manufacturing had a gross margin of 37.72% for the quarter that ended in Jan. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Virco Manufacturing was 3.40% per year.
Virco Manufacturing Gross Margin % Historical Data
The historical data trend for Virco Manufacturing'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 Virco Manufacturing's Gross Margin %
For the Furnishings, Fixtures & Appliances subindustry, Virco Manufacturing'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.
Virco Manufacturing's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Virco Manufacturing's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Virco Manufacturing'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.
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
Virco Manufacturing had a gross margin of 37.72% for the quarter that ended in Jan. 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.
Virco Manufacturing Gross Margin % Related Terms
Thank you for viewing the detailed overview of Virco Manufacturing's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Virco Manufacturing (Virco Manufacturing) Business Description
Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.
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