Affa FoodOG (MUS:SPFI) Gross Margin % : 30.73% (As of Sep. 2023)

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What is Affa FoodOG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Affa FoodOG's Gross Profit for the three months ended in Sep. 2023 was ر.ع3.82 Mil. Affa FoodOG's Revenue for the three months ended in Sep. 2023 was ر.ع12.43 Mil. Therefore, Affa FoodOG's Gross Margin % for the quarter that ended in Sep. 2023 was 30.73%.

Warning Sign:

A Saffa Food SAOG gross margin has been in long-term decline. The average rate of decline per year is -9.6%.

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

MUS:SPFI' s Gross Margin % Range Over the Past 10 Years
Min: 23.13 Med: 36.33 Max: 44.55
Current: 28.4

During the past 13 years, the highest Gross Margin % of Affa FoodOG was 44.55%. The lowest was 23.13%. And the median was 36.33%.

MUS:SPFI's Gross Margin % is ranked better than
58.26% of 1809 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs MUS:SPFI: 28.40

Affa FoodOG had a gross margin of 30.73% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Affa FoodOG was -9.60% per year.

Affa FoodOG Gross Margin % Historical Data

The historical data trend for Affa FoodOG'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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Affa FoodOG Gross Margin % Chart

Affa FoodOG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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34.34

34.68

34.69

23.13

23.76

Affa FoodOG Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															24.52	25.55	26.11	28.93	30.73

Competitive Comparison of Affa FoodOG's Gross Margin %

For the Packaged Foods subindustry, Affa FoodOG'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.

Affa FoodOG's Gross Margin % Distribution in the Consumer Packaged Goods Industry

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

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

Affa FoodOG Gross Margin % Calculation

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

Affa FoodOG'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 )
	=	13.4	/	56.293
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(56.293 - 42.916)	/	56.293
	=	23.76 %

Affa FoodOG'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 )
	=	3.8	/	12.43
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12.43 - 8.61)	/	12.43
	=	30.73 %

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.

Affa FoodOG (MUS:SPFI) 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

Affa FoodOG had a gross margin of 30.73% 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.

Affa FoodOG Gross Margin % Related Terms

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Affa FoodOG (MUS:SPFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » A Saffa Food SAOG (MUS:SPFI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 3436, Ruwi, Muscat, OMN, PC 112

Website

https://www.asaffa.com

A Saffa Food SAOG is an Oman-based company engaged in the manufacturing and distribution of poultry meat. In addition, the company, through its subsidiaries is also involved in the manufacturing and distribution of meat, vegetables and fish products. The products offered by the group include frozen chicken, vegetables, seafood range, fruits and fruit pulps, natural and mineral water, and other related products. The company operates in Oman, and international countries, of which the majority of the revenue is generated within Oman.