WBNEF (WestBond Enterprises) Gross Margin % : 15.46% (As of Sep. 2024)

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What is WestBond Enterprises Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. WestBond Enterprises's Gross Profit for the three months ended in Sep. 2024 was $0.29 Mil. WestBond Enterprises's Revenue for the three months ended in Sep. 2024 was $1.90 Mil. Therefore, WestBond Enterprises's Gross Margin % for the quarter that ended in Sep. 2024 was 15.46%.

Warning Sign:

WestBond Enterprises Corp gross margin has been in long-term decline. The average rate of decline per year is -15.1%.

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

WBNEF' s Gross Margin % Range Over the Past 10 Years
Min: 8.71 Med: 20.61 Max: 38.11
Current: 10.36

During the past 13 years, the highest Gross Margin % of WestBond Enterprises was 38.11%. The lowest was 8.71%. And the median was 20.61%.

WBNEF's Gross Margin % is ranked worse than
80.29% of 279 companies
in the Forest Products industry
Industry Median: 19.11 vs WBNEF: 10.36

WestBond Enterprises had a gross margin of 15.46% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for WestBond Enterprises was -15.10% per year.

WestBond Enterprises Gross Margin % Historical Data

The historical data trend for WestBond Enterprises'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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WestBond Enterprises Gross Margin % Chart

WestBond Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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23.16

38.11

25.33

17.48

8.71

WestBond Enterprises Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															14.58	8.87	4.14	11.25	15.46

Competitive Comparison of WestBond Enterprises's Gross Margin %

For the Paper & Paper Products subindustry, WestBond Enterprises'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.

WestBond Enterprises's Gross Margin % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, WestBond Enterprises's Gross Margin % distribution charts can be found below:

* The bar in red indicates where WestBond Enterprises's Gross Margin % falls into.

WestBond Enterprises Gross Margin % Calculation

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

WestBond Enterprises'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 )
	=	0.6	/	6.811
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.811 - 6.218)	/	6.811
	=	8.71 %

WestBond Enterprises's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.3	/	1.902
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.902 - 1.608)	/	1.902
	=	15.46 %

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.

WestBond Enterprises (OTCPK:WBNEF) 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

WestBond Enterprises had a gross margin of 15.46% for the quarter that ended in Sep. 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.

WestBond Enterprises Gross Margin % Related Terms

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WestBond Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » WestBond Enterprises Corp (OTCPK:WBNEF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

WBE:Canada

Address

7403 Progress Way, Unit 101, Delta, BC, CAN, V4G 1E7

Website

https://www.westbond.ca

WestBond Enterprises Corp is mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses. The company operates in a single segment of Disposable Paper Products. Its products are categorized under Personal hygiene, Clinical, Wipes, Non-Wipe air-laid, and Other products. The company's product pipeline includes examination table paper, dental bibs, sheets, pillowcases, gowns, aprons, Jumbo Roll Bathroom Tissue, Conventional Bathroom Tissue, Towels such as Center Pull, Kraft Roll, and Single Fold, Roll Air Laid Wipes, among others.