Gross Margin % is calculated as gross profit divided by its revenue. Quebecor's Gross Profit for the
three
months ended in Dec. 2023 was C$764 Mil. Quebecor's Revenue for the
three
months ended in Dec. 2023 was C$1,505 Mil. Therefore, Quebecor's Gross Margin % for the quarter that ended in Dec. 2023 was 50.74%.
Warning Sign:
Quebecor Inc gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for Quebecor's Gross Margin % or its related term are showing as below:
TSX:QBR.B'
s Gross Margin % Range Over the Past 10 Years
Min: 54.95 Med: 57.56 Max: 60.09
Current: 55.08
During the past 13 years, the highestGross Margin % of Quebecor was 60.09%. The lowest was 54.95%. And the median was 57.56%.
TSX:QBR.B's Gross Margin % is ranked better than 57.63% of 354
companies
in the Telecommunication Services industry
Industry Median: 48.98
vs TSX:QBR.B: 55.08
Quebecor had a gross margin of 50.74% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Quebecor was -1.40% per year.
Quebecor Gross Margin % Historical Data
The historical data trend for Quebecor'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 Quebecor's Gross Margin %
For the Telecom Services subindustry, Quebecor'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.
Quebecor's Gross Margin % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Quebecor's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Quebecor'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.
Quebecor (TSX:QBR.B) 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
Quebecor had a gross margin of 50.74% 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.
Quebecor Gross Margin % Related Terms
Thank you for viewing the detailed overview of Quebecor's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—equating to a penetration rate of about 50% in its footprint—and over 3 million mobile subscribers, including more than 20% wireless market share in Quebec. With the acquisition of Freedom Mobile in April 2023, Quebecor also has more than 1.5 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor also offers a French-language subscription video on demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and has ownership of live-event venues.
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