Gross Margin % is calculated as gross profit divided by its revenue. The Brink's Co's Gross Profit for the
three
months ended in Dec. 2023 was $324 Mil. The Brink's Co's Revenue for the
three
months ended in Dec. 2023 was $1,246 Mil. Therefore, The Brink's Co's Gross Margin % for the quarter that ended in Dec. 2023 was 25.98%.
The historical rank and industry rank for The Brink's Co's Gross Margin % or its related term are showing as below:
BCO'
s Gross Margin % Range Over the Past 10 Years
Min: 17.24 Med: 22.3 Max: 23.95
Current: 23.95
During the past 13 years, the highestGross Margin % of The Brink's Co was 23.95%. The lowest was 17.24%. And the median was 22.30%.
BCO's Gross Margin % is ranked worse than 68.27% of 996
companies
in the Business Services industry
Industry Median: 34.945
vs BCO: 23.95
The Brink's Co had a gross margin of 25.98% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for The Brink's Co was 1.20% per year.
The Brink's Co Gross Margin % Historical Data
The historical data trend for The Brink's Co'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.
The Brink's Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Gross Margin %
23.11
22.04
22.96
23.67
23.95
The Brink's Co Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Gross Margin %
26.61
22.36
22.40
24.96
25.98
Competitive Comparison
For the Security & Protection Services subindustry, The Brink's Co'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.
The Brink's Co Gross Margin % Distribution
For the Business Services industry and Industrials sector, The Brink's Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where The Brink's Co's Gross Margin % falls into.
* 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.
The Brink's Co (NYSE:BCO) 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
The Brink's Co had a gross margin of 25.98% 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.
The Brink's Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of The Brink's Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Brink's Co (The Brink's Co) Business Description
The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.
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