CTI Logistics (ASX:CLX) Gross Margin % : 99.61% (As of Dec. 2023)

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What is CTI Logistics Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CTI Logistics's Gross Profit for the six months ended in Dec. 2023 was A$161.2 Mil. CTI Logistics's Revenue for the six months ended in Dec. 2023 was A$161.8 Mil. Therefore, CTI Logistics's Gross Margin % for the quarter that ended in Dec. 2023 was 99.61%.

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

ASX:CLX' s Gross Margin % Range Over the Past 10 Years
Min: 94.57 Med: 99.46 Max: 99.67
Current: 99.59

During the past 13 years, the highest Gross Margin % of CTI Logistics was 99.67%. The lowest was 94.57%. And the median was 99.46%.

ASX:CLX's Gross Margin % is ranked better than
99.47% of 945 companies
in the Transportation industry
Industry Median: 19.98 vs ASX:CLX: 99.59

CTI Logistics had a gross margin of 99.61% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CTI Logistics was 0.00% per year.

CTI Logistics Gross Margin % Historical Data

The historical data trend for CTI Logistics'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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CTI Logistics Gross Margin % Chart

CTI Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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99.51

99.52

99.61

99.49

99.67

CTI Logistics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															99.63	99.35	99.76	99.57	99.61

Competitive Comparison of CTI Logistics's Gross Margin %

For the Integrated Freight & Logistics subindustry, CTI Logistics'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.

CTI Logistics's Gross Margin % Distribution in the Transportation Industry

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

* The bar in red indicates where CTI Logistics's Gross Margin % falls into.

CTI Logistics Gross Margin % Calculation

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

CTI Logistics's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	300.7	/	301.658
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(301.658 - 0.99000000000001)	/	301.658
	=	99.67 %

CTI Logistics'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 )
	=	161.2	/	161.847
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(161.847 - 0.63300000000001)	/	161.847
	=	99.61 %

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.

CTI Logistics (ASX:CLX) 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

CTI Logistics had a gross margin of 99.61% 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.

CTI Logistics Gross Margin % Related Terms

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CTI Logistics (ASX:CLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTI Logistics Ltd (ASX:CLX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Drummond Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.ctilogistics.com

CTI Logistics Ltd is an integrated shipping and logistics company. It is organized into four operating segments, which are Transport, Logistics, Property, and Other. The Transport Services segment includes the provision of the courier, taxi truck, parcel distribution, and fleet management. Logistics services include the provision of warehousing and distribution, specialized flooring logistics, supply-based management services, and document storage services. The property segment includes rental of owner-occupied and investment property. The Other segment is engaged in the provision of security services.