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The Shyft Group Gross Margin %

: 18.14% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. The Shyft Group's Gross Profit for the three months ended in Jun. 2022 was $42.1 Mil. The Shyft Group's Revenue for the three months ended in Jun. 2022 was $232.2 Mil. Therefore, The Shyft Group's Gross Margin % for the quarter that ended in Jun. 2022 was 18.14%.


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

SHYF' s Gross Margin % Range Over the Past 10 Years
Min: 8.56   Med: 12.64   Max: 21.64
Current: 17.74


During the past 13 years, the highest Gross Margin % of The Shyft Group was 21.64%. The lowest was 8.56%. And the median was 12.64%.

SHYF's Gross Margin % is ranked worse than
64.74% of 190 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 21.96 vs SHYF: 17.74

The Shyft Group had a gross margin of 18.14% for the quarter that ended in Jun. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for The Shyft Group was 11.00% per year.


The Shyft Group Gross Margin % Historical Data

The historical data trend for The Shyft Group'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.

The Shyft Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.57 12.82 15.47 21.64 20.09

The Shyft Group Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.27 20.56 18.51 12.53 18.14

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, The Shyft Group'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.

   

The Shyft Group Gross Margin % Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Gross Margin % distribution charts can be found below:

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



The Shyft Group Gross Margin % Calculation

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

The Shyft Group's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=199.3 / 991.792
=(Revenue - Cost of Goods Sold) / Revenue
=(991.792 - 792.527) / 991.792
=20.09 %

The Shyft Group's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=42.1 / 232.195
=(Revenue - Cost of Goods Sold) / Revenue
=(232.195 - 190.077) / 232.195
=18.14 %

* 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.


The Shyft Group  (NAS:SHYF) 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

The Shyft Group had a gross margin of 18.14% for the quarter that ended in Jun. 2022 => 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.


The Shyft Group Gross Margin % Related Terms

Thank you for viewing the detailed overview of The Shyft Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


The Shyft Group Business Description

The Shyft Group logo
Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is a North American specialty vehicle manufacturer, engaged in assembling and upfitting for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Group is organized into two core business units Fleet Vehicles and Services and Specialty Vehicles. Its brands include Utilimaster, Royal Truck Body, Strobes-R- Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. It operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico.
Executives
Esposito Carl A. director 21557 TELEGRAPH ROAD SOUTHFIELD MI 48033
Sherbin Joshua A officer: Chief Legal Officer 38505 WOODWARD AVENUE SUITE 200 BLOOMFIELD HILLS MI 48304
Rourke Mark B. director 3101 PACKERLAND DRIVE GREEN BAY WI 54313
Pizzuto Terri director 3050 HIGHLAND PARKWAY STE 100 DOWNERS GROVA IL 60515
Dinkins Michael director 6166 NW 85TH WAY PARKLAND FL 33067
Douyard Jonathan C officer: Chief Financial Officer C/O SPARTAN MOTORS, INC. 41280 BRIDGE STREET NOVI MI 48375
Freeman Angela K. director 14701 CHARLSON ROAD EDEN PRAIRIE MN 55437
Heavin Todd A officer: Chief Operating Officer 1950 OAK POINTE DR ROCHESTER HILLS MI 48306
Heminover Chad M officer: President, Fleet Vehicles and C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Isbell Jeri L director ONE LEXMARK CENTRE DR 740 WEST NEW CIRCLE RD LEXINGTON KY 40550
Roney Ryan L officer: Chief Legal Officer & Secretar 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Long Matthew W officer: Interim CFO 2581 E KERCHER ROAD GOSHEN IN 46528
Mascarenas Paul Anthony director 3850 HAMLIN ROAD AUBURN HILLS MI 48326
Ninneman Thomas C officer: Chief Operating Officer C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Clevinger Thomas R director C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813

The Shyft Group Headlines

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