Gross Margin % is calculated as gross profit divided by its revenue. Corby Spirit and Wine's Gross Profit for the
three
months ended in Dec. 2023 was $21.4 Mil. Corby Spirit and Wine's Revenue for the
three
months ended in Dec. 2023 was $41.8 Mil. Therefore, Corby Spirit and Wine's Gross Margin % for the quarter that ended in Dec. 2023 was 51.22%.
Warning Sign:
Corby Spirit and Wine Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.3%.
The historical rank and industry rank for Corby Spirit and Wine's Gross Margin % or its related term are showing as below:
CRBBF'
s Gross Margin % Range Over the Past 10 Years
Min: 53.06 Med: 62.17 Max: 64.75
Current: 53.06
During the past 13 years, the highestGross Margin % of Corby Spirit and Wine was 64.75%. The lowest was 53.06%. And the median was 62.17%.
CRBBF's Gross Margin % is ranked better than 75.85% of 207
companies
in the Beverages - Alcoholic industry
Industry Median: 38.78
vs CRBBF: 53.06
Corby Spirit and Wine had a gross margin of 51.22% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Corby Spirit and Wine was -1.30% per year.
Corby Spirit and Wine Gross Margin % Historical Data
The historical data trend for Corby Spirit and Wine'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.
Competitive Comparison of Corby Spirit and Wine's Gross Margin %
For the Beverages - Wineries & Distilleries subindustry, Corby Spirit and Wine'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.
Corby Spirit and Wine's Gross Margin % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Corby Spirit and Wine's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Corby Spirit and Wine'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.
Corby Spirit and Wine (OTCPK:CRBBF) 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
Corby Spirit and Wine had a gross margin of 51.22% for the quarter that ended in Dec. 2023 => Durable 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.
Corby Spirit and Wine Gross Margin % Related Terms
Thank you for viewing the detailed overview of Corby Spirit and Wine's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Corby Spirit and Wine (Corby Spirit and Wine) Business Description
Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.
Corby Spirit and Wine (Corby Spirit and Wine) Headlines
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