Goodfellow (TSX:GDL) Gross Margin % : 21.63% (As of Feb. 2024)

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What is Goodfellow Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Goodfellow's Gross Profit for the three months ended in Feb. 2024 was C$22.8 Mil. Goodfellow's Revenue for the three months ended in Feb. 2024 was C$105.3 Mil. Therefore, Goodfellow's Gross Margin % for the quarter that ended in Feb. 2024 was 21.63%.

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

TSX:GDL' s Gross Margin % Range Over the Past 10 Years
Min: 14.38 Med: 19.02 Max: 22.17
Current: 22.16

During the past 13 years, the highest Gross Margin % of Goodfellow was 22.17%. The lowest was 14.38%. And the median was 19.02%.

TSX:GDL's Gross Margin % is ranked better than
55.83% of 283 companies
in the Forest Products industry
Industry Median: 19.84 vs TSX:GDL: 22.16

Goodfellow had a gross margin of 21.63% for the quarter that ended in Feb. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Goodfellow was 3.90% per year.

Goodfellow Gross Margin % Historical Data

The historical data trend for Goodfellow'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.

Goodfellow Gross Margin % Chart

Goodfellow Annual Data

Trend

Aug13

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Gross Margin %

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18.92

20.20

22.17

21.56

21.91

Goodfellow Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Margin %	Get a 7-Day Free Trial															20.45	22.69	22.72	21.36	21.63

Competitive Comparison of Goodfellow's Gross Margin %

For the Lumber & Wood Production subindustry, Goodfellow'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.

Goodfellow's Gross Margin % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Goodfellow's Gross Margin % distribution charts can be found below:

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

Goodfellow Gross Margin % Calculation

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

Goodfellow's Gross Margin for the fiscal year that ended in Nov. 2023 is calculated as

Gross Margin % (A: Nov. 2023 )	=	Gross Profit (A: Nov. 2023 )	/	Revenue (A: Nov. 2023 )
	=	112.4	/	512.821
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(512.821 - 400.461)	/	512.821
	=	21.91 %

Goodfellow's Gross Margin for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )	=	Gross Profit (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	22.8	/	105.334
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(105.334 - 82.546)	/	105.334
	=	21.63 %

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.

Goodfellow (TSX:GDL) 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

Goodfellow had a gross margin of 21.63% for the quarter that ended in Feb. 2024 => 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.

Goodfellow Gross Margin % Related Terms

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Goodfellow (TSX:GDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Goodfellow Inc (TSX:GDL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Goodfellow Street, Delson, QC, CAN, J5B 1V5

Website

https://www.goodfellowinc.com

Goodfellow Inc is engaged in various business activities related to remanufacturing and distribution of lumber and wood products. The Company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring and Building materials. Majority of company's revenue is generated from sale of Lumber. The company operates in Canada and The United States; majority revenue is generated from Canada.