Edgars Stores (XZIM:EDGR.ZW) Gross Margin % : 77.89% (As of Jun. 2023)

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What is Edgars Stores Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Edgars Stores's Gross Profit for the six months ended in Jun. 2023 was $77.63 Mil. Edgars Stores's Revenue for the six months ended in Jun. 2023 was $99.66 Mil. Therefore, Edgars Stores's Gross Margin % for the quarter that ended in Jun. 2023 was 77.89%.

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

XZIM:EDGR.ZW' s Gross Margin % Range Over the Past 10 Years
Min: 32.81 Med: 47.17 Max: 61.35
Current: 61.33

During the past 8 years, the highest Gross Margin % of Edgars Stores was 61.35%. The lowest was 32.81%. And the median was 47.17%.

XZIM:EDGR.ZW's Gross Margin % is ranked better than
87.95% of 1095 companies
in the Retail - Cyclical industry
Industry Median: 36.46 vs XZIM:EDGR.ZW: 61.33

Edgars Stores had a gross margin of 77.89% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Edgars Stores was 9.80% per year.

Edgars Stores Gross Margin % Historical Data

The historical data trend for Edgars Stores'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.

Edgars Stores Gross Margin % Chart

Edgars Stores Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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32.81

38.20

41.31

61.27

61.35

Edgars Stores Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial									46.25	64.10	74.94	228.22	77.89

Competitive Comparison of Edgars Stores's Gross Margin %

For the Apparel Retail subindustry, Edgars Stores'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.

Edgars Stores's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Edgars Stores's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Edgars Stores's Gross Margin % falls into.

Edgars Stores Gross Margin % Calculation

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

Edgars Stores'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 )
	=	68.4	/	111.566
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(111.566 - 43.119)	/	111.566
	=	61.35 %

Edgars Stores's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	77.6	/	99.664
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(99.664 - 22.039)	/	99.664
	=	77.89 %

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.

Edgars Stores (XZIM:EDGR.ZW) 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

Edgars Stores had a gross margin of 77.89% for the quarter that ended in Jun. 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.

Edgars Stores Gross Margin % Related Terms

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Edgars Stores (XZIM:EDGR.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Edgars Stores Ltd (XZIM:EDGR.ZW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cnr Ninth Avenue / Herbert Chitepo Street, P.O. Box 894, Bulawayo, ZWE

Website

https://www.edgars.co.zw

Edgars Stores Ltd retails clothing, footwear, textiles, and accessories in Zimbabwe. The company also manufactures and sells a range of denim, as well as ladies', children's, and gents' casual wear to other retailers. The company has classified its products and services into six operating segments namely Retailing, Edgars, Jet, Manufacturing, Micro Finance, and Financial Services. The majority of the revenue is generated from the retail sales of its products. Its operations are spread across Zimbabwe.

Edgars Stores (XZIM:EDGR.ZW) Headlines

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