Greencore Group (Greencore Group) Gross Margin % : 30.89% (As of Sep. 2023)

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What is Greencore Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Greencore Group's Gross Profit for the six months ended in Sep. 2023 was $378 Mil. Greencore Group's Revenue for the six months ended in Sep. 2023 was $1,223 Mil. Therefore, Greencore Group's Gross Margin % for the quarter that ended in Sep. 2023 was 30.89%.

Warning Sign:

Greencore Group PLC gross margin has been in long-term decline. The average rate of decline per year is -1.7%.

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

GNCGF' s Gross Margin % Range Over the Past 10 Years
Min: 29.72 Med: 31.81 Max: 32.76
Current: 29.72

During the past 13 years, the highest Gross Margin % of Greencore Group was 32.76%. The lowest was 29.72%. And the median was 31.81%.

GNCGF's Gross Margin % is ranked better than
61.42% of 1809 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs GNCGF: 29.72

Greencore Group had a gross margin of 30.89% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Greencore Group was -1.70% per year.

Greencore Group Gross Margin % Historical Data

The historical data trend for Greencore Group'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.

Greencore Group Gross Margin % Chart

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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32.76

32.04

31.92

30.06

29.72

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															31.94	29.90	30.19	28.47	30.89

Competitive Comparison of Greencore Group's Gross Margin %

For the Packaged Foods subindustry, Greencore Group'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.

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

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

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

Greencore Group Gross Margin % Calculation

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

Greencore Group's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	704	/	2368.441
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2368.441 - 1664.481)	/	2368.441
	=	29.72 %

Greencore Group's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	377.7	/	1222.649
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1222.649 - 844.926)	/	1222.649
	=	30.89 %

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.

Greencore Group (OTCPK:GNCGF) 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

Greencore Group had a gross margin of 30.89% for the quarter that ended in Sep. 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.

Greencore Group Gross Margin % Related Terms

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Greencore Group (Greencore Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (OTCPK:GNCGF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GNCGY:USA GNCl:UK GNC:UK GCG:Germany GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.