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Gross Margin % is calculated as gross profit divided by its revenue. Thor Industries's Gross Profit for the three months ended in Jan. 2024 was $271 Mil. Thor Industries's Revenue for the three months ended in Jan. 2024 was $2,207 Mil. Therefore, Thor Industries's Gross Margin % for the quarter that ended in Jan. 2024 was 12.27%.
The historical rank and industry rank for Thor Industries's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Thor Industries was 17.20%. The lowest was 12.37%. And the median was 14.17%.
Thor Industries had a gross margin of 12.27% for the quarter that ended in Jan. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Thor Industries was 3.60% per year.
The historical data trend for Thor Industries'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.
Thor Industries Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 12.37 | 13.69 | 15.38 | 17.20 | 14.35 |
Thor Industries Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Gross Margin % | Get a 7-Day Free Trial | 12.06 | 14.77 | 14.40 | 14.31 | 12.27 |
For the Recreational Vehicles subindustry, Thor Industries'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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Thor Industries's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Thor Industries's Gross Margin for the fiscal year that ended in Jul. 2023 is calculated as
Gross Margin % (A: Jul. 2023 ) | = | Gross Profit (A: Jul. 2023 ) | / | Revenue (A: Jul. 2023 ) |
= | 1596.4 | / | 11121.605 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (11121.605 - 9525.252) | / | 11121.605 | |
= | 14.35 % |
Thor Industries's Gross Margin for the quarter that ended in Jan. 2024 is calculated as
Gross Margin % (Q: Jan. 2024 ) | = | Gross Profit (Q: Jan. 2024 ) | / | Revenue (Q: Jan. 2024 ) |
= | 270.8 | / | 2207.369 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (2207.369 - 1936.522) | / | 2207.369 | |
= | 12.27 % |
* 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.
Thor Industries (NYSE:THO) 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
Thor Industries had a gross margin of 12.27% for the quarter that ended in Jan. 2024 => 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.
Thank you for viewing the detailed overview of Thor Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
W. Todd Woelfer | officer: Sr. VP, Gen Counsel & Sec. | PO BOX 3300, ELKHART IN 46515 |
Kenneth D Julian | officer: VP of Admin. and HR | 3080 WINDSOR CT., ELKHART IN 46514 |
Peter Busch Orthwein | director, officer: Exec. Chairman of the Board | ONE LAGAYETTE PLACE, GREENWICH CT 06830 |
James L Ziemer | director | C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208 |
Amelia Huntington | director | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVE., ELKHART IN 46514-3305 |
Trevor Q. Gasper | officer: VP, General Counsel and Sec. | 601 EAST BEARDSLEY AVE., ELKHART IN 46514 |
Laurel Hurd | director | C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328 |
Christina Hennington | director | 1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
J Allen Kosowsky | director | C/O THOR INDUSTRIES, INC., 419 WEST PIKE STREET, JACKSON CENTER OH 45334-0629 |
Kelley William J. Jr | director | USG CORPORATION, 550 WEST ADAMS STREET, CHICAGO IL 60661 |
Josef Hjelmaker | officer: Chief Innovation Officer | C/O THOR INDUSTRIES, INC., 601 E. BEARDSLEY AVE., ELKHART IN 46514-3305 |
Christopher J Klein | director | 520 LAKE COOK ROAD, DEERFIELD IL 60015 |
Jan Suwinski | director | 9450 SEWARD RD, C/O OHIO CASUALTY GROUP, FAIRFIELD OH 45014 |
Robert W Martin | director, officer: Chief Exec. Officer & Pres. | C/O KEYSTONE RV COMPANY, 2642 HACKBERRY DRIVE, GOSHEN IN 46526 |
Troy James | officer: SVP International Operations | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVENUE, ELKHART IN 46514-3305 |
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