Benefit Systems (WAR:BFT) Gross Margin % : 29.75% (As of Mar. 2024)

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What is Benefit Systems Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Benefit Systems's Gross Profit for the three months ended in Mar. 2024 was zł238 Mil. Benefit Systems's Revenue for the three months ended in Mar. 2024 was zł801 Mil. Therefore, Benefit Systems's Gross Margin % for the quarter that ended in Mar. 2024 was 29.75%.

Warning Sign:

Benefit Systems SA gross margin has been in long-term decline. The average rate of decline per year is -4.2%.

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

WAR:BFT' s Gross Margin % Range Over the Past 10 Years
Min: 18.94 Med: 26.28 Max: 33.41
Current: 33.41

During the past 13 years, the highest Gross Margin % of Benefit Systems was 33.41%. The lowest was 18.94%. And the median was 26.28%.

WAR:BFT's Gross Margin % is ranked worse than
66.23% of 770 companies
in the Travel & Leisure industry
Industry Median: 43.215 vs WAR:BFT: 33.41

Benefit Systems had a gross margin of 29.75% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Benefit Systems was -4.20% per year.

Benefit Systems Gross Margin % Historical Data

The historical data trend for Benefit Systems'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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Benefit Systems Gross Margin % Chart

Benefit Systems Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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27.96

26.72

21.14

18.94

27.08

Benefit Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Gross Margin %	Get a 7-Day Free Trial															31.55	23.30	34.04	37.00	29.75

Competitive Comparison of Benefit Systems's Gross Margin %

For the Leisure subindustry, Benefit Systems'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.

Benefit Systems's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Benefit Systems's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Benefit Systems's Gross Margin % falls into.

Benefit Systems Gross Margin % Calculation

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

Benefit Systems's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	517.1	/	1909.12
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1909.12 - 1392.035)	/	1909.12
	=	27.08 %

Benefit Systems'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 )
	=	238.3	/	801.108
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(801.108 - 562.807)	/	801.108
	=	29.75 %

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.

Benefit Systems (WAR:BFT) 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

Benefit Systems had a gross margin of 29.75% 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.

Benefit Systems Gross Margin % Related Terms

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Benefit Systems (WAR:BFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Benefit Systems SA (WAR:BFT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

3ZV:Germany

Address

European Square 2, Warsaw, POL, 00-844

Website

https://www.benefitsystems.pl

Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.