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Quanex Building Products Gross Margin %

: 23.35% (As of Jan. 2021)
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Gross Margin % is calculated as gross profit divided by its revenue. Quanex Building Products's Gross Profit for the three months ended in Jan. 2021 was $53.8 Mil. Quanex Building Products's Revenue for the three months ended in Jan. 2021 was $230.1 Mil. Therefore, Quanex Building Products's Gross Margin % for the quarter that ended in Jan. 2021 was 23.35%.


NYSE:NX' s Gross Margin % Range Over the Past 10 Years
Min: 16.06   Med: 22.52   Max: 25.68
Current: 23.43
16.06
25.68

During the past 13 years, the highest Gross Margin % of Quanex Building Products was 25.68%. The lowest was 16.06%. And the median was 22.52%.

NYSE:NX's Gross Margin % is ranked higher than
60% of the 1500 Companies
in the Construction industry.

( Industry Median: 18.69 vs. NYSE:NX: 23.43 )

Quanex Building Products had a gross margin of 23.35% for the quarter that ended in Jan. 2021 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Quanex Building Products was -0.50% per year.

Quanex Building Products Gross Margin % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Quanex Building Products Annual Data
Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.44 22.40 21.66 22.31 22.64

Quanex Building Products Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
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 19.92 20.13 23.42 25.94 23.35
Competitive Comparison
* 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.

Quanex Building Products Gross Margin % Distribution

* The bar in red indicates where Quanex Building Products's Gross Margin % falls into.


Quanex Building Products Gross Margin % Calculation

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

Quanex Building Products's Gross Margin for the fiscal year that ended in Oct. 2020 is calculated as

Gross Margin % (A: Oct. 2020 )=Gross Profit (A: Oct. 2020 ) / Revenue (A: Oct. 2020 )
=192.8 / 851.573
=(Revenue - Cost of Goods Sold) / Revenue
=(851.573 - 658.75) / 851.573
=22.64 %

Quanex Building Products's Gross Margin for the quarter that ended in Jan. 2021 is calculated as


Gross Margin % (Q: Jan. 2021 )=Gross Profit (Q: Jan. 2021 ) / Revenue (Q: Jan. 2021 )
=53.8 / 230.147
=(Revenue - Cost of Goods Sold) / Revenue
=(230.147 - 176.397) / 230.147
=23.35 %

* All numbers are in millions except for per share data and ratio. All numbers 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.

Quanex Building Products  (NYSE:NX) 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

Quanex Building Products had a gross margin of 23.35% for the quarter that ended in Jan. 2021 => 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.

Quanex Building Products Gross Margin % Related Terms

Quanex Building Products Gross Margin % Headlines

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