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Sunsweet PCL (BKK:SUN) Gross Margin % : 21.83% (As of Dec. 2023)


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What is Sunsweet PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sunsweet PCL's Gross Profit for the three months ended in Dec. 2023 was ฿184 Mil. Sunsweet PCL's Revenue for the three months ended in Dec. 2023 was ฿844 Mil. Therefore, Sunsweet PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 21.83%.


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

BKK:SUN' s Gross Margin % Range Over the Past 10 Years
Min: 7.55   Med: 16.35   Max: 20.67
Current: 20.67


During the past 10 years, the highest Gross Margin % of Sunsweet PCL was 20.67%. The lowest was 7.55%. And the median was 16.35%.

BKK:SUN's Gross Margin % is ranked worse than
60.09% of 1809 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs BKK:SUN: 20.67

Sunsweet PCL had a gross margin of 21.83% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Sunsweet PCL was 12.60% per year.


Sunsweet PCL Gross Margin % Historical Data

The historical data trend for Sunsweet PCL'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.

Sunsweet PCL Gross Margin % Chart

Sunsweet PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.55 16.17 18.03 16.35 20.66

Sunsweet PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.58 19.78 20.95 20.23 21.83

Competitive Comparison of Sunsweet PCL's Gross Margin %

For the Farm Products subindustry, Sunsweet PCL'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.


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

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

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



Sunsweet PCL Gross Margin % Calculation

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

Sunsweet PCL'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 )
=763.9 / 3696.548
=(Revenue - Cost of Goods Sold) / Revenue
=(3696.548 - 2932.663) / 3696.548
=20.66 %

Sunsweet PCL'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 )
=184.2 / 843.919
=(Revenue - Cost of Goods Sold) / Revenue
=(843.919 - 659.709) / 843.919
=21.83 %

* 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.


Sunsweet PCL  (BKK:SUN) 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

Sunsweet PCL had a gross margin of 21.83% 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.


Sunsweet PCL Gross Margin % Related Terms

Thank you for viewing the detailed overview of Sunsweet PCL's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunsweet PCL (BKK:SUN) Business Description

Traded in Other Exchanges
N/A
Address
Number 9 Moo 1, Thung Satok Sub-district, Sanpatong district, Chiang Mai, THA, 50120
Sunsweet PCL is a Thailand-based company engaged in the production and distribution of processed sweet corn products. The company manufactures and supplies agricultural products including fresh and processed of fruits and vegetables. It offers various products such as canned sweet corn, ready-to-eat pouch corn, and frozen sweet corn. The company's other processed agricultural products consist of onions, tapioca, canned pineapple, corn oil, sunflower oil, tomato sauce, and others. The company operates in two reportable segments Sales of goods in domestic segment and Export of goods to overseas segment. The majority of revenue is derived from the Export of goods to overseas segment.