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Gross Margin % is calculated as gross profit divided by its revenue. Chase's Gross Profit for the three months ended in Aug. 2023 was $34.7 Mil. Chase's Revenue for the three months ended in Aug. 2023 was $100.2 Mil. Therefore, Chase's Gross Margin % for the quarter that ended in Aug. 2023 was 34.61%.
The historical rank and industry rank for Chase's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Chase was 42.18%. The lowest was 35.18%. And the median was 37.94%.
Chase had a gross margin of 34.61% for the quarter that ended in Aug. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Chase was -0.30% per year.
The historical data trend for Chase'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.
Chase Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 35.97 | 38.12 | 40.46 | 37.75 | 36.00 |
Chase Quarterly Data | ||||||||||||||||||||
Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | |
Gross Margin % | Get a 7-Day Free Trial | 38.60 | 34.88 | 36.76 | 37.70 | 34.61 |
For the Specialty Chemicals subindustry, Chase'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.
For the Chemicals industry and Basic Materials sector, Chase's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Chase's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Chase's Gross Margin for the fiscal year that ended in Aug. 2023 is calculated as
Gross Margin % (A: Aug. 2023 ) | = | Gross Profit (A: Aug. 2023 ) | / | Revenue (A: Aug. 2023 ) |
= | 145.4 | / | 404.015 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (404.015 - 258.574) | / | 404.015 | |
= | 36.00 % |
Chase's Gross Margin for the quarter that ended in Aug. 2023 is calculated as
Gross Margin % (Q: Aug. 2023 ) | = | Gross Profit (Q: Aug. 2023 ) | / | Revenue (Q: Aug. 2023 ) |
= | 34.7 | / | 100.197 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (100.197 - 65.516) | / | 100.197 | |
= | 34.61 % |
* 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.
Chase (AMEX:CCF) 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
Chase had a gross margin of 34.61% for the quarter that ended in Aug. 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.
Thank you for viewing the detailed overview of Chase's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Adam Chase | officer: COO/Vice President | 104 ALBION ROAD, WELLESLEY MA 02481 |
Thomas Jr Wroe | director | |
Ellen Rubin | director | 11 CLEMENTS ROAD, NEWTON MA 02458 |
Mary Claire Chase | director | 115 SUMNER STREET, NEWTON MA 02459 |
Derby John H. Iii | director | 1029 OCEAN BLVD., RYE NH 03870 |
Jeffery D Haigh | officer: Corporate Secretary | 2 SUMMER STREET, NORWOOD MA 02062 |
Michael J. Bourque | officer: Treasurer & CFO | ANALOGIC CORPORATION, 8 CENTENNIAL DRIVE, PEABODY MA 01960 |
Lewis P Gack | director | 5 LIVINGTON CIRCLE, ANDOVER MA 01810 |
Peter R Chase | officer: President, CEO | 305 GRANGE PARK, BRIDGEWATER MA 02324 |
Joan Wallace-benjamin | director | 175 SANDY VALLEY ROAD, DEDHAM MA 02026 |
Christian John Talma | officer: Chief Accounting Officer | 5 ALHAMBRA RD., WELLESLEY MA 02481 |
Chad A. Mcdaniel | director | C/O LYDALL, INC., 1 COLONIAL ROAD, MANCHESTER CT 06042 |
Thomas D. Debyle | director | STANDEX INT'L, 6 MANOR PARKWAY, SALEM NH 03079 |
Kenneth James Feroldi | officer: CFO/Treasurer | 67 KIMBERLEY DRIVE, WAKEFIELD RI 02878 |
Everett Jr Chadwick | director | 20 SOUTH DRIVE, BRIDGEWATER MA 02324 |
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