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S P Setia Bhd (XKLS:8664PA.PFD) Gross Margin %

: 34.08% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. S P Setia Bhd's Gross Profit for the three months ended in Dec. 2023 was RM471.66 Mil. S P Setia Bhd's Revenue for the three months ended in Dec. 2023 was RM1,383.82 Mil. Therefore, S P Setia Bhd's Gross Margin % for the quarter that ended in Dec. 2023 was 34.08%.


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

XKLS:8664PA.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 21.57   Med: 29.99   Max: 32.48
Current: 30.67


During the past 13 years, the highest Gross Margin % of S P Setia Bhd was 32.48%. The lowest was 21.57%. And the median was 29.99%.

XKLS:8664PA.PFD's Gross Margin % is ranked worse than
58.6% of 1657 companies
in the Real Estate industry
Industry Median: 36.53 vs XKLS:8664PA.PFD: 30.67

S P Setia Bhd had a gross margin of 34.08% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for S P Setia Bhd was -1.00% per year.


S P Setia Bhd Gross Margin % Historical Data

The historical data trend for S P Setia Bhd'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.

S P Setia Bhd Annual Data
Trend Oct13 Oct14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.39 21.57 26.76 23.92 30.67

S P Setia Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 20.05 27.55 33.02 27.03 34.08

Competitive Comparison

For the Real Estate - Development subindustry, S P Setia Bhd'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.


S P Setia Bhd Gross Margin % Distribution

For the Real Estate industry and Real Estate sector, S P Setia Bhd's Gross Margin % distribution charts can be found below:

* The bar in red indicates where S P Setia Bhd's Gross Margin % falls into.



S P Setia Bhd Gross Margin % Calculation

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

S P Setia Bhd's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1341.3 / 4373.642
=(Revenue - Cost of Goods Sold) / Revenue
=(4373.642 - 3032.345) / 4373.642
=30.67 %

S P Setia Bhd'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 )
=471.7 / 1383.815
=(Revenue - Cost of Goods Sold) / Revenue
=(1383.815 - 912.153) / 1383.815
=34.08 %

* 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.


S P Setia Bhd  (XKLS:8664PA.PFD) 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

S P Setia Bhd had a gross margin of 34.08% for the quarter that ended in Dec. 2023 => 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.


S P Setia Bhd Gross Margin % Related Terms

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S P Setia Bhd (XKLS:8664PA.PFD) Business Description

Traded in Other Exchanges
Address
12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, S P Setia Berhad Corporate HQ, Shah Alam, MYS, 40170
S P Setia Bhd is a general real estate company that reports in three segments: Property Development, Construction, and Other operations. The vast majority of Setia's revenue is generated by its property development business, which focuses on developing residential and commercial facilities, followed by its construction segment. Setia's construction segment focuses on building and highway construction. The company considers merger and acquisition investment as a component of its operational growth strategy.

S P Setia Bhd (XKLS:8664PA.PFD) Headlines

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