Seneca Foods (Seneca Foods) Gross Margin % : 12.16% (As of Dec. 2023)

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What is Seneca Foods Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Seneca Foods's Gross Profit for the three months ended in Dec. 2023 was $54 Mil. Seneca Foods's Revenue for the three months ended in Dec. 2023 was $444 Mil. Therefore, Seneca Foods's Gross Margin % for the quarter that ended in Dec. 2023 was 12.16%.

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

SENEB' s Gross Margin % Range Over the Past 10 Years
Min: 3.29 Med: 7.92 Max: 15.82
Current: 10.35

During the past 13 years, the highest Gross Margin % of Seneca Foods was 15.82%. The lowest was 3.29%. And the median was 7.92%.

SENEB's Gross Margin % is ranked worse than
83.08% of 1809 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs SENEB: 10.35

Seneca Foods had a gross margin of 12.16% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Seneca Foods was 11.30% per year.

Seneca Foods Gross Margin % Historical Data

The historical data trend for Seneca Foods'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.

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Seneca Foods Gross Margin % Chart

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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3.29

10.62

15.82

10.22

6.91

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															11.37	-4.26	18.51	14.26	12.16

Competitive Comparison of Seneca Foods's Gross Margin %

For the Packaged Foods subindustry, Seneca Foods'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.

Seneca Foods's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Seneca Foods's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Seneca Foods's Gross Margin % falls into.

Seneca Foods Gross Margin % Calculation

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

Seneca Foods's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	104.3	/	1509.352
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1509.352 - 1405.033)	/	1509.352
	=	6.91 %

Seneca Foods's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	54	/	444.481
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(444.481 - 390.448)	/	444.481
	=	12.16 %

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.

Seneca Foods (NAS:SENEB) 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

Seneca Foods had a gross margin of 12.16% for the quarter that ended in Dec. 2023 => 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.

Seneca Foods Gross Margin % Related Terms

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Seneca Foods (Seneca Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (NAS:SENEB) » Definitions » Gross Margin %

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Traded in Other Exchanges

SENEA:USA

Address

350 WillowBrook Office Park, Fairport, NY, USA, 14480

Website

https://www.senecafoods.com

Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.