PT Gudang Garam Tbk (ISX:GGRM) Gross Margin %

: 8.54% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. PT Gudang Garam Tbk's Gross Profit for the three months ended in Dec. 2023 was Rp3,177,680 Mil. PT Gudang Garam Tbk's Revenue for the three months ended in Dec. 2023 was Rp37,204,424 Mil. Therefore, PT Gudang Garam Tbk's Gross Margin % for the quarter that ended in Dec. 2023 was 8.54%.

Warning Sign:

PT Gudang Garam Tbk gross margin has been in long-term decline. The average rate of decline per year is -13.6%.

The historical rank and industry rank for PT Gudang Garam Tbk's Gross Margin % or its related term are showing as below:

ISX:GGRM' s Gross Margin % Range Over the Past 10 Years
Min: 8.9 Med: 20.01 Max: 22.01
Current: 12.27

During the past 13 years, the highest Gross Margin % of PT Gudang Garam Tbk was 22.01%. The lowest was 8.90%. And the median was 20.01%.

ISX:GGRM's Gross Margin % is ranked worse than
78.43% of 51 companies
in the Tobacco Products industry
Industry Median: 32.35 vs ISX:GGRM: 12.27

PT Gudang Garam Tbk had a gross margin of 8.54% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PT Gudang Garam Tbk was -13.60% per year.

PT Gudang Garam Tbk Gross Margin % Historical Data

The historical data trend for PT Gudang Garam Tbk'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.

PT Gudang Garam Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

20.61

15.19

11.43

8.90

12.27

PT Gudang Garam Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																11.07	14.65	13.70	13.46	8.54

Competitive Comparison

For the Tobacco subindustry, PT Gudang Garam Tbk'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.

PT Gudang Garam Tbk Gross Margin % Distribution

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PT Gudang Garam Tbk's Gross Margin % falls into.

PT Gudang Garam Tbk Gross Margin % Calculation

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

PT Gudang Garam Tbk'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 )
	=	14595621	/	118952997
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(118952997 - 104357376)	/	118952997
	=	12.27 %

PT Gudang Garam Tbk'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 )
	=	3177680	/	37204424
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(37204424 - 34026744)	/	37204424
	=	8.54 %

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.

PT Gudang Garam Tbk (ISX:GGRM) 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

PT Gudang Garam Tbk had a gross margin of 8.54% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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.

PT Gudang Garam Tbk Gross Margin % Related Terms

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PT Gudang Garam Tbk (ISX:GGRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » PT Gudang Garam Tbk (ISX:GGRM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GGNPF:USA GDNGY:USA GGG:Germany

Address

Jl. Semampir II/1, East Java, Kediri, IDN, 64121

Website

https://www.gudanggaramtbk.com

PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers, two production facilities, and dozens of offices all located in Indonesia. Nearly all of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Surya, GG, and Merah. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot.

PT Gudang Garam Tbk (ISX:GGRM) Headlines

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