Ricegrowers (ASX:SGLLV) Gross Margin % : 39.53% (As of Oct. 2023)

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What is Ricegrowers Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ricegrowers's Gross Profit for the six months ended in Oct. 2023 was A$362 Mil. Ricegrowers's Revenue for the six months ended in Oct. 2023 was A$916 Mil. Therefore, Ricegrowers's Gross Margin % for the quarter that ended in Oct. 2023 was 39.53%.

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

ASX:SGLLV' s Gross Margin % Range Over the Past 10 Years
Min: 36.73 Med: 38.47 Max: 41.01
Current: 39.57

During the past 5 years, the highest Gross Margin % of Ricegrowers was 41.01%. The lowest was 36.73%. And the median was 38.47%.

ASX:SGLLV's Gross Margin % is ranked better than
77.32% of 1808 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs ASX:SGLLV: 39.57

Ricegrowers had a gross margin of 39.53% for the quarter that ended in Oct. 2023 => Competition eroding margins

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

Ricegrowers Gross Margin % Historical Data

The historical data trend for Ricegrowers'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.

Ricegrowers Gross Margin % Chart

Ricegrowers Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Gross Margin %

39.17

37.52

36.73

38.47

41.01

Ricegrowers Semi-Annual Data
	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Gross Margin %	Get a 7-Day Free Trial					39.85	37.45	42.62	39.62	39.53

Competitive Comparison of Ricegrowers's Gross Margin %

For the Farm Products subindustry, Ricegrowers'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.

Ricegrowers's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ricegrowers's Gross Margin % distribution charts can be found below:

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

Ricegrowers Gross Margin % Calculation

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

Ricegrowers's Gross Margin for the fiscal year that ended in Apr. 2023 is calculated as

Gross Margin % (A: Apr. 2023 )	=	Gross Profit (A: Apr. 2023 )	/	Revenue (A: Apr. 2023 )
	=	670.2	/	1634.456
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1634.456 - 964.214)	/	1634.456
	=	41.01 %

Ricegrowers's Gross Margin for the quarter that ended in Oct. 2023 is calculated as

Gross Margin % (Q: Oct. 2023 )	=	Gross Profit (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	362	/	915.863
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(915.863 - 553.841)	/	915.863
	=	39.53 %

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.

Ricegrowers (ASX:SGLLV) 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

Ricegrowers had a gross margin of 39.53% for the quarter that ended in Oct. 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.

Ricegrowers Gross Margin % Related Terms

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Ricegrowers (ASX:SGLLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ricegrowers Ltd (ASX:SGLLV) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

7H0:Germany

Address

57 Yanco Avenue, Leeton, NSW, AUS, 2705

Website

https://www.sunrice.com.au

Ricegrowers Ltd is engaged in offering varieties of rice and related products. The business activities of the company are operated under Rice Food, International Rice, Rice Food, Riviana, CopRice, and Corporate segments. The principal activities of the company and its entities consist of the purchase and storage of paddy rice, the milling, processing, manufacturing, procurement, distribution, and marketing of rice and related products, animal feed and nutrition products, groceries, and others. The company generates maximum revenue from the International Rice segment.

Ricegrowers (ASX:SGLLV) Headlines

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