Pepkor Holdings (JSE:PPH) Gross Margin % : 35.69% (As of Sep. 2023)

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What is Pepkor Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pepkor Holdings's Gross Profit for the six months ended in Sep. 2023 was R15,561 Mil. Pepkor Holdings's Revenue for the six months ended in Sep. 2023 was R43,603 Mil. Therefore, Pepkor Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was 35.69%.

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

JSE:PPH' s Gross Margin % Range Over the Past 10 Years
Min: 34.17 Med: 34.57 Max: 36.45
Current: 35.51

During the past 9 years, the highest Gross Margin % of Pepkor Holdings was 36.45%. The lowest was 34.17%. And the median was 34.57%.

JSE:PPH's Gross Margin % is ranked worse than
52.37% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.74 vs JSE:PPH: 35.51

Pepkor Holdings had a gross margin of 35.69% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Pepkor Holdings was 0.10% per year.

Pepkor Holdings Gross Margin % Historical Data

The historical data trend for Pepkor Holdings'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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Pepkor Holdings Gross Margin % Chart

Pepkor Holdings Annual Data

Trend

Jun15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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36.45

34.17

34.31

35.34

35.51

Pepkor Holdings Semi-Annual Data
	Jun15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial											34.35	35.27	35.42	35.33	35.69

Competitive Comparison of Pepkor Holdings's Gross Margin %

For the Department Stores subindustry, Pepkor Holdings'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.

Pepkor Holdings's Gross Margin % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Pepkor Holdings's Gross Margin % falls into.

Pepkor Holdings Gross Margin % Calculation

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

Pepkor Holdings'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 )
	=	31038	/	87408
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(87408 - 56370)	/	87408
	=	35.51 %

Pepkor Holdings'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 )
	=	15561	/	43603
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(43603 - 28042)	/	43603
	=	35.69 %

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.

Pepkor Holdings (JSE:PPH) 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

Pepkor Holdings had a gross margin of 35.69% 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.

Pepkor Holdings Gross Margin % Related Terms

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Pepkor Holdings (JSE:PPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pepkor Holdings Ltd (JSE:PPH) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

PPKRF:USA S1VA:Germany

Address

36 Stellenberg Road, Parow Industria, Cape Town, WC, ZAF, 7493

Website

https://www.pepkor.co.za

Pepkor Holdings Ltd is an operator of a chain of retail stores based in Parow East, South Africa. The company functions offer segments that include clothing and general merchandise, furniture, appliances and electronics, building materials and fintech, it generates the vast majority of its revenue from the clothing and general merchandise segment, which consists of clothing, footwear and homeware products, fast-moving consumer specialty goods, cellular and financial services, thereby enabling its customers to get easy access to everyday products and services at adorable prices. Geographically, it generates majority of its revenue from South Africa and also operates in other countries.