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Gross Margin % is calculated as gross profit divided by its revenue. OneWater Marine's Gross Profit for the three months ended in Dec. 2023 was $91 Mil. OneWater Marine's Revenue for the three months ended in Dec. 2023 was $364 Mil. Therefore, OneWater Marine's Gross Margin % for the quarter that ended in Dec. 2023 was 25.12%.
The historical rank and industry rank for OneWater Marine's Gross Margin % or its related term are showing as below:
During the past 7 years, the highest Gross Margin % of OneWater Marine was 31.73%. The lowest was 21.89%. And the median was 23.02%.
OneWater Marine had a gross margin of 25.12% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for OneWater Marine was 6.60% per year.
The historical data trend for OneWater Marine'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.
OneWater Marine Annual Data | ||||||||||||||||
Trend | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||
Gross Margin % | Get a 7-Day Free Trial | 22.42 | 23.02 | 29.10 | 31.73 | 27.64 |
OneWater Marine Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Margin % | Get a 7-Day Free Trial | 30.00 | 27.98 | 26.83 | 26.39 | 25.12 |
For the Specialty Retail subindustry, OneWater Marine'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, OneWater Marine's Gross Margin % distribution charts can be found below:
* The bar in red indicates where OneWater Marine's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
OneWater Marine'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 ) |
= | 535.1 | / | 1936.31 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1936.31 - 1401.184) | / | 1936.31 | |
= | 27.64 % |
OneWater Marine'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 ) |
= | 91.4 | / | 364.013 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (364.013 - 272.57) | / | 364.013 | |
= | 25.12 % |
* 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.
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.
OneWater Marine (NAS:ONEW) 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
OneWater Marine had a gross margin of 25.12% for the quarter that ended in Dec. 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.
Thank you for viewing the detailed overview of OneWater Marine's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Singleton Philip Austin Jr. | director, officer: CEO and Director | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
John Schraudenbach | director | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Jeffrey B. Lamkin | director | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Anthony M Aisquith | officer: President and COO | C/O ONE WATER MARINE INC., 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Carmen Bauza | director | 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192 |
J Steven Roy | director | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Mitchell W Legler | director | C/O STEIN MORT INC, 1200 RIVERPLACE BLVD, JACKSONVILLE FL 32207 |
Shell Greg Allen Sr. | director | 200 CLARENDON STREET, BOSTON MA 02116 |
John Troiano | director | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Jack P Ezzell | officer: Chief Financial Officer | C/O ONEWATER MARINE INC., 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Keith Style | director | C/O ASBURY AUTOMOTIVE GROUP, INC., 2905 PREMIERE PARKWAY NW, SUITE 300, DULUTH GA 30097 |
Michelle Singleton | other: Member of 10% Ownership Group | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Owmh, Lllp Auburn | other: Member of 10% Ownership Group | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Austin Singleton Irrevocable Trust, Dated December 30, 2015 | other: Member of 10% Ownership Group | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
Philip Singleton Irrevocable Trust, Dated December 24, 2015 | other: Member of 10% Ownership Group | 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518 |
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