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Leroy Seafood Group ASA Gross Margin %

: 56.90% (As of Mar. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Leroy Seafood Group ASA's Gross Profit for the three months ended in Mar. 2022 was $356 Mil. Leroy Seafood Group ASA's Revenue for the three months ended in Mar. 2022 was $625 Mil. Therefore, Leroy Seafood Group ASA's Gross Margin % for the quarter that ended in Mar. 2022 was 56.90%.


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

LYSFY' s Gross Margin % Range Over the Past 10 Years
Min: 32.42   Med: 41.92   Max: 51.49
Current: 50.19


During the past 13 years, the highest Gross Margin % of Leroy Seafood Group ASA was 51.49%. The lowest was 32.42%. And the median was 41.92%.

LYSFY's Gross Margin % is ranked better than
84.88% of 1739 companies
in the Consumer Packaged Goods industry
Industry Median: 26.08 vs LYSFY: 50.19

Leroy Seafood Group ASA had a gross margin of 56.90% for the quarter that ended in Mar. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Leroy Seafood Group ASA was -0.10% per year.


Leroy Seafood Group ASA Gross Margin % Historical Data

The historical data trend for Leroy Seafood Group ASA'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.

Leroy Seafood Group ASA 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 38.95 51.49 43.62 40.21 49.48

Leroy Seafood Group ASA Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 54.38 57.92 36.83 51.18 56.90

Competitive Comparison

For the Packaged Foods subindustry, Leroy Seafood Group ASA'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.

   

Leroy Seafood Group ASA Gross Margin % Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leroy Seafood Group ASA's Gross Margin % distribution charts can be found below:

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



Leroy Seafood Group ASA Gross Margin % Calculation

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

Leroy Seafood Group ASA'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 )
=1271.2 / 2569.0928728107
=(Revenue - Cost of Goods Sold) / Revenue
=(2569.0928728107 - 1297.9259778869) / 2569.0928728107
=49.48 %

Leroy Seafood Group ASA's Gross Margin for the quarter that ended in Mar. 2022 is calculated as


Gross Margin % (Q: Mar. 2022 )=Gross Profit (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=355.8 / 625.3059769074
=(Revenue - Cost of Goods Sold) / Revenue
=(625.3059769074 - 269.49490604483) / 625.3059769074
=56.90 %

* 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.


Leroy Seafood Group ASA  (OTCPK:LYSFY) 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

Leroy Seafood Group ASA had a gross margin of 56.90% for the quarter that ended in Mar. 2022 => 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.


Leroy Seafood Group ASA Gross Margin % Related Terms

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


Leroy Seafood Group ASA Business Description

Leroy Seafood Group ASA logo
Traded in Other Exchanges
Address
Thormohlens gate 51 B, P.O.Box 7600, Bergen, NOR, NO - 5006
Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are global distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Finest Salmon Loin, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab.
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