Jumbo (LTS:0LRI) Gross Margin % : 55.30% (As of Jun. 2023)

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What is Jumbo Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jumbo's Gross Profit for the six months ended in Jun. 2023 was €235 Mil. Jumbo's Revenue for the six months ended in Jun. 2023 was €425 Mil. Therefore, Jumbo's Gross Margin % for the quarter that ended in Jun. 2023 was 55.30%.

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

LTS:0LRI' s Gross Margin % Range Over the Past 10 Years
Min: 51.78 Med: 52.73 Max: 55.92
Current: 55.27

During the past 13 years, the highest Gross Margin % of Jumbo was 55.92%. The lowest was 51.78%. And the median was 52.73%.

LTS:0LRI's Gross Margin % is ranked better than
79.47% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.74 vs LTS:0LRI: 55.27

Jumbo had a gross margin of 55.30% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Jumbo was 1.50% per year.

Jumbo Gross Margin % Historical Data

The historical data trend for Jumbo'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.

Jumbo Gross Margin % Chart

Jumbo Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Gross Margin %

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52.46

52.19

51.78

55.66

55.92

Jumbo Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial															53.07	57.23	57.04	55.25	55.30

Competitive Comparison of Jumbo's Gross Margin %

For the Specialty Retail subindustry, Jumbo'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.

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

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

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

Jumbo Gross Margin % Calculation

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

Jumbo's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	530.8	/	949.381
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(949.381 - 418.534)	/	949.381
	=	55.92 %

Jumbo's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	234.9	/	424.829
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(424.829 - 189.906)	/	424.829
	=	55.30 %

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.

Jumbo (LTS:0LRI) 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

Jumbo had a gross margin of 55.30% for the quarter that ended in Jun. 2023 => Durable 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.

Jumbo Gross Margin % Related Terms

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Jumbo (LTS:0LRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jumbo SA (LTS:0LRI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

JUMSY:USA BELA:Greece 5JB:Germany

Address

9 Cyprus and Hydras street, Moschato, Attikis, Athens, GRC, 183 46

Website

https://www.e-jumbo.gr

Jumbo is a Greek retailer of toys, giftware, household products, and stationery. The company operates stores across Greece, Cyprus, Bulgaria, and Romania under the Jumbo brand name, in addition to the e-jumbo online store. The company derives the majority of its revenue domestically. Jumbo reports its sales across seven product types: toys, baby products, stationery, seasonal, home products, haberdashery and similar items, and other. The three most significant product types--home products, seasonal, and toys--collectively contribute the vast majority of revenue, followed by stationery and baby products.

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