Micro Leasing PCL (BKK:MICRO) Gross Margin % : 77.03% (As of Dec. 2023)

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What is Micro Leasing PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Micro Leasing PCL's Gross Profit for the three months ended in Dec. 2023 was ฿165.0 Mil. Micro Leasing PCL's Revenue for the three months ended in Dec. 2023 was ฿214.2 Mil. Therefore, Micro Leasing PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 77.03%.

Warning Sign:

Micro Leasing PCL gross margin has been in long-term decline. The average rate of decline per year is -2.4%.

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

BKK:MICRO' s Gross Margin % Range Over the Past 10 Years
Min: 77.76 Med: 88.44 Max: 89.88
Current: 77.77

During the past 6 years, the highest Gross Margin % of Micro Leasing PCL was 89.88%. The lowest was 77.76%. And the median was 88.44%.

BKK:MICRO's Gross Margin % is ranked better than
76.32% of 359 companies
in the Credit Services industry
Industry Median: 54.12 vs BKK:MICRO: 77.77

Micro Leasing PCL had a gross margin of 77.03% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Micro Leasing PCL was -2.40% per year.

Micro Leasing PCL Gross Margin % Historical Data

The historical data trend for Micro Leasing PCL'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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Micro Leasing PCL Gross Margin % Chart

Micro Leasing PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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87.92

88.95

89.88

82.63

77.76

Micro Leasing PCL Quarterly Data
	Dec18	Jun19	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														79.30	79.89	77.37	76.65	77.03

Competitive Comparison of Micro Leasing PCL's Gross Margin %

For the Credit Services subindustry, Micro Leasing PCL'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.

Micro Leasing PCL's Gross Margin % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Micro Leasing PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Micro Leasing PCL's Gross Margin % falls into.

Micro Leasing PCL Gross Margin % Calculation

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

Micro Leasing PCL'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 )
	=	706.5	/	908.528
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(908.528 - 202.015)	/	908.528
	=	77.76 %

Micro Leasing PCL'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 )
	=	165	/	214.241
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(214.241 - 49.213)	/	214.241
	=	77.03 %

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.

Micro Leasing PCL (BKK:MICRO) 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

Micro Leasing PCL had a gross margin of 77.03% 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.

Micro Leasing PCL Gross Margin % Related Terms

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Micro Leasing PCL (BKK:MICRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Micro Leasing PCL (BKK:MICRO) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

863/3 Phetkasem Road, Sanamchan Sub-district, Muang District, Nakhon Pathom, THA, 73000

Website

https://www.microleasingplc.com

Micro Leasing PCL is engaged in the business of providing hire purchase loans for used trucks, such as 6-wheel, 10-wheel, and 12-wheel trucks. The Group's operations involves operating segments which are hire purchase of trucks business, hire purchase of motorcycles business and insurance brokerage business. The company carries its operations in Thailand.

Micro Leasing PCL (BKK:MICRO) Headlines

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