Gross Margin % is calculated as gross profit divided by its revenue. Marine Products's Gross Profit for the
three
months ended in Jun. 2022 was $23.0 Mil. Marine Products's Revenue for the
three
months ended in Jun. 2022 was $95.8 Mil. Therefore, Marine Products's Gross Margin % for the quarter that ended in Jun. 2022 was 24.00%.
The historical rank and industry rank for Marine Products's Gross Margin % or its related term are showing as below:
MPX'
s Gross Margin % Range Over the Past 10 Years
Min: 17.71 Med: 21.62 Max: 23.58
Current: 23.58
During the past 13 years, the highestGross Margin % of Marine Products was 23.58%. The lowest was 17.71%. And the median was 21.62%.
MPX's Gross Margin % is ranked better than 64.81% of 1202
companies
in the Vehicles & Parts industry
Industry Median: 18.89
vs MPX: 23.58
Marine Products had a gross margin of 24.00% for the quarter that ended in Jun. 2022 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Marine Products was 1.40% per year.
Marine Products Gross Margin % Historical Data
The historical data trend for Marine Products'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.
Marine Products Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Gross Margin %
22.08
22.21
22.38
22.35
22.91
Marine Products Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Gross Margin %
21.72
21.15
25.03
24.01
24.00
Competitive Comparison
For the Recreational Vehicles subindustry, Marine Products'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.
Marine Products Gross Margin % Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Marine Products's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Marine Products's Gross Margin % falls into.
* 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.
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
Marine Products had a gross margin of 24.00% for the quarter that ended in Jun. 2022 => 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.
Marine Products Gross Margin % Related Terms
Thank you for viewing the detailed overview of Marine Products's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.
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