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Solar District Cooling Group Bhd (XKLS:0321) Gross Margin % : 53.91% (As of Dec. 2023)


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What is Solar District Cooling Group Bhd Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Solar District Cooling Group Bhd's Gross Profit for the six months ended in Dec. 2023 was RM14.35 Mil. Solar District Cooling Group Bhd's Revenue for the six months ended in Dec. 2023 was RM26.62 Mil. Therefore, Solar District Cooling Group Bhd's Gross Margin % for the quarter that ended in Dec. 2023 was 53.91%.


The historical rank and industry rank for Solar District Cooling Group Bhd's Gross Margin % or its related term are showing as below:

XKLS:0321' s Gross Margin % Range Over the Past 10 Years
Min: 41   Med: 52.7   Max: 57.26
Current: 53.91


During the past 4 years, the highest Gross Margin % of Solar District Cooling Group Bhd was 57.26%. The lowest was 41.00%. And the median was 52.70%.

XKLS:0321's Gross Margin % is ranked better than
74.52% of 981 companies
in the Business Services industry
Industry Median: 34.52 vs XKLS:0321: 53.91

Solar District Cooling Group Bhd had a gross margin of 53.91% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Solar District Cooling Group Bhd was 0.00% per year.


Solar District Cooling Group Bhd Gross Margin % Historical Data

The historical data trend for Solar District Cooling Group Bhd'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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Solar District Cooling Group Bhd Gross Margin % Chart

Solar District Cooling Group Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
41.00 51.48 57.26 53.91

Solar District Cooling Group Bhd Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Gross Margin % 41.00 51.48 57.26 53.91

Competitive Comparison of Solar District Cooling Group Bhd's Gross Margin %

For the Specialty Business Services subindustry, Solar District Cooling Group Bhd'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.


Solar District Cooling Group Bhd's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Solar District Cooling Group Bhd's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Solar District Cooling Group Bhd's Gross Margin % falls into.



Solar District Cooling Group Bhd Gross Margin % Calculation

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

Solar District Cooling Group Bhd'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 )
=14.4 / 26.622
=(Revenue - Cost of Goods Sold) / Revenue
=(26.622 - 12.27) / 26.622
=53.91 %

Solar District Cooling Group Bhd'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 )
=14.4 / 26.622
=(Revenue - Cost of Goods Sold) / Revenue
=(26.622 - 12.27) / 26.622
=53.91 %

* 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.


Solar District Cooling Group Bhd  (XKLS:0321) 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

Solar District Cooling Group Bhd had a gross margin of 53.91% for the quarter that ended in Dec. 2023 => Durable 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.


Solar District Cooling Group Bhd Gross Margin % Related Terms

Thank you for viewing the detailed overview of Solar District Cooling Group Bhd's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Solar District Cooling Group Bhd Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Jalan Kajang Perdana 3/2, Wisma SDC No. 25, Taman Kajang Perdana, Kajang, SGR, MYS, 43000
Solar District Cooling Group Bhd is principally involved in the provision and maintenance of BMS, solar thermal systems, other systems and equipment and other energy services. Its wholly-owned subsidiary is principally involved in mechanical and electrical works, and project management services.

Solar District Cooling Group Bhd Headlines

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