Voda Vrnjci a.d (XBEL:VDAV) Gross Margin % : 39.17% (As of Dec. 2023)

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What is Voda Vrnjci a.d Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Voda Vrnjci a.d's Gross Profit for the six months ended in Dec. 2023 was RSD228 Mil. Voda Vrnjci a.d's Revenue for the six months ended in Dec. 2023 was RSD582 Mil. Therefore, Voda Vrnjci a.d's Gross Margin % for the quarter that ended in Dec. 2023 was 39.17%.

Warning Sign:

Voda Vrnjci a.d gross margin has been in long-term decline. The average rate of decline per year is -3.6%.

The historical rank and industry rank for Voda Vrnjci a.d's Gross Margin % or its related term are showing as below:

XBEL:VDAV' s Gross Margin % Range Over the Past 10 Years
Min: 27.61 Med: 35.55 Max: 41.2
Current: 37.72

During the past 13 years, the highest Gross Margin % of Voda Vrnjci a.d was 41.20%. The lowest was 27.61%. And the median was 35.55%.

XBEL:VDAV's Gross Margin % is not ranked
in the Beverages - Non-Alcoholic industry.
Industry Median: 37.605 vs XBEL:VDAV: 37.72

Voda Vrnjci a.d had a gross margin of 39.17% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Voda Vrnjci a.d was -3.60% per year.

Voda Vrnjci a.d Gross Margin % Historical Data

The historical data trend for Voda Vrnjci a.d'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.

* Premium members only.

Voda Vrnjci a.d Gross Margin % Chart

Voda Vrnjci a.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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39.26

32.16

34.84

27.61

37.72

Voda Vrnjci a.d Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-	29.44	26.10	36.08	39.17

Competitive Comparison of Voda Vrnjci a.d's Gross Margin %

For the Beverages - Non-Alcoholic subindustry, Voda Vrnjci a.d'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.

Voda Vrnjci a.d's Gross Margin % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Voda Vrnjci a.d's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Voda Vrnjci a.d's Gross Margin % falls into.

Voda Vrnjci a.d Gross Margin % Calculation

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

Voda Vrnjci a.d's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	412.6	/	1093.757
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1093.757 - 681.165)	/	1093.757
	=	37.72 %

Voda Vrnjci a.d'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 )
	=	228.1	/	582.282
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(582.282 - 354.227)	/	582.282
	=	39.17 %

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.

Voda Vrnjci a.d (XBEL:VDAV) 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

Voda Vrnjci a.d had a gross margin of 39.17% 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.

Voda Vrnjci a.d Gross Margin % Related Terms

Thank you for viewing the detailed overview of Voda Vrnjci a.d's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Voda Vrnjci a.d (XBEL:VDAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Voda Vrnjci a.d (XBEL:VDAV) » Definitions » Gross Margin %

Comparable Companies

MOJO BOM:507690 BUD:FUTURAQUA HKSE:00359 ASX:ERG GHMP COL:CCS.N0000 TSE:2901 TPE:1213 XCNQ:MILK

Traded in Other Exchanges

N/A

Address

Kneza Milosa 162, Vrnjacka Banja, SRB, 36210

Website

http://www.vodavrnjci.rs

Voda Vrnjci a.d is engaged in the production of soft drinks, mineral waters, and other bottled waters. The company bottled water brands include Gazirana 21, Slightly carbonated 21, Negated 1.51, and premiun non-greasy O.751.

Voda Vrnjci a.d (XBEL:VDAV) Headlines

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