Unifreight Africa (XZIM:UNIF.ZW) Gross Margin % : 32.15% (As of Dec. 2023)

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What is Unifreight Africa Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Unifreight Africa's Gross Profit for the six months ended in Dec. 2023 was ZWG201.1 Mil. Unifreight Africa's Revenue for the six months ended in Dec. 2023 was ZWG625.6 Mil. Therefore, Unifreight Africa's Gross Margin % for the quarter that ended in Dec. 2023 was 32.15%.

Warning Sign:

Unifreight Africa Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.4%.

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

XZIM:UNIF.ZW' s Gross Margin % Range Over the Past 10 Years
Min: 20.63 Med: 28.35 Max: 47.08
Current: 32.15

During the past 9 years, the highest Gross Margin % of Unifreight Africa was 47.08%. The lowest was 20.63%. And the median was 28.35%.

XZIM:UNIF.ZW's Gross Margin % is not ranked
in the Transportation industry.
Industry Median: 19.84 vs XZIM:UNIF.ZW: 32.15

Unifreight Africa had a gross margin of 32.15% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Unifreight Africa was -3.40% per year.

Unifreight Africa Gross Margin % Historical Data

The historical data trend for Unifreight Africa'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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Unifreight Africa Gross Margin % Chart

Unifreight Africa Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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47.08

25.84

20.63

21.80

32.15

Unifreight Africa Semi-Annual Data
	Dec09	Dec11	Dec12	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Gross Margin %	Get a 7-Day Free Trial				47.08	25.84	20.63	21.80	32.15

Competitive Comparison of Unifreight Africa's Gross Margin %

For the Railroads subindustry, Unifreight Africa'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.

Unifreight Africa's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Unifreight Africa's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Unifreight Africa's Gross Margin % falls into.

Unifreight Africa Gross Margin % Calculation

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

Unifreight Africa'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 )
	=	201.1	/	625.649
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(625.649 - 424.528)	/	625.649
	=	32.15 %

Unifreight Africa'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 )
	=	201.1	/	625.649
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(625.649 - 424.528)	/	625.649
	=	32.15 %

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.

Unifreight Africa (XZIM:UNIF.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

Unifreight Africa had a gross margin of 32.15% 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.

Unifreight Africa Gross Margin % Related Terms

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Unifreight Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unifreight Africa Ltd (XZIM:UNIF.ZW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Orme/Willow Roads, Southerton, Harare, ZWE

Website

https://www.unifreight.co.zw

Unifreight Africa Ltd is a Zimbabwe-based transport company. It is involved in the road transport industry whose main activities include inter-city freight consolidations, the distribution of general goods, and a courier service. The company's brands include Swift Transport, Bulwark Transport, and SkyNet Worldwide Express. Its operating divisions include Transport and Courier; Dedicated and Specialised and International distribution logistics. It operates in two segments namely Transport and Logistics solution and Investment property. The company generates maximum revenue from Transport and Logistics segment. Geographically, it derives revenue from Zimbabwe.

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