Grupo Mateus (BSP:GMAT3) Gross Margin % : 21.84% (As of Dec. 2023)

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What is Grupo Mateus Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Grupo Mateus's Gross Profit for the three months ended in Dec. 2023 was R$1,647 Mil. Grupo Mateus's Revenue for the three months ended in Dec. 2023 was R$7,541 Mil. Therefore, Grupo Mateus's Gross Margin % for the quarter that ended in Dec. 2023 was 21.84%.

Warning Sign:

Grupo Mateus SA gross margin has been in long-term decline. The average rate of decline per year is -4.2%.

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

BSP:GMAT3' s Gross Margin % Range Over the Past 10 Years
Min: 21.71 Med: 24.11 Max: 26.43
Current: 21.71

During the past 8 years, the highest Gross Margin % of Grupo Mateus was 26.43%. The lowest was 21.71%. And the median was 24.11%.

BSP:GMAT3's Gross Margin % is ranked worse than
77.33% of 1094 companies
in the Retail - Cyclical industry
Industry Median: 36.63 vs BSP:GMAT3: 21.71

Grupo Mateus had a gross margin of 21.84% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Grupo Mateus was -4.20% per year.

Grupo Mateus Gross Margin % Historical Data

The historical data trend for Grupo Mateus'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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Grupo Mateus Gross Margin % Chart

Grupo Mateus Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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25.91

24.11

23.32

22.05

21.71

Grupo Mateus Quarterly Data
	Dec17	Dec18	Jun19	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															21.25	21.13	21.80	21.98	21.84

Competitive Comparison of Grupo Mateus's Gross Margin %

For the Department Stores subindustry, Grupo Mateus'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.

Grupo Mateus's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Grupo Mateus's Gross Margin % distribution charts can be found below:

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

Grupo Mateus Gross Margin % Calculation

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

Grupo Mateus'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 )
	=	5812.9	/	26773.586
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(26773.586 - 20960.658)	/	26773.586
	=	21.71 %

Grupo Mateus'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 )
	=	1647.2	/	7541.305
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7541.305 - 5894.06)	/	7541.305
	=	21.84 %

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.

Grupo Mateus (BSP:GMAT3) 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

Grupo Mateus had a gross margin of 21.84% 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.

Grupo Mateus Gross Margin % Related Terms

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Grupo Mateus (BSP:GMAT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Grupo Mateus SA (BSP:GMAT3) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Daniel de la Touche, 7, Cohama, Sao Luis, MA, BRA

Website

https://www.grupomateus.com.br

Grupo Mateus SA which which operate in the wholesale and retail, electro, mix, and industry segments through the subsidiary. The company has its operations in the supermarket, wholesale, appliance, furniture, bakery, slicing, and portioning. The business's product portfolio consists of maetus, mix atacarejo, camino supermercados, electro mateus among others.

Grupo Mateus (BSP:GMAT3) Headlines

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