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Sirakorn PCL (BKK:SK) Gross Margin % : 19.55% (As of Mar. 2024)


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What is Sirakorn PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sirakorn PCL's Gross Profit for the three months ended in Mar. 2024 was ฿31.1 Mil. Sirakorn PCL's Revenue for the three months ended in Mar. 2024 was ฿158.8 Mil. Therefore, Sirakorn PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 19.55%.

Warning Sign:

Sirakorn PCL gross margin has been in long-term decline. The average rate of decline per year is -3.7%.


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

BKK:SK' s Gross Margin % Range Over the Past 10 Years
Min: 15.41   Med: 20.94   Max: 24.85
Current: 21.62


During the past 7 years, the highest Gross Margin % of Sirakorn PCL was 24.85%. The lowest was 15.41%. And the median was 20.94%.

BKK:SK's Gross Margin % is ranked worse than
59.09% of 374 companies
in the Building Materials industry
Industry Median: 24.995 vs BKK:SK: 21.62

Sirakorn PCL had a gross margin of 19.55% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sirakorn PCL was -3.70% per year.


Sirakorn PCL Gross Margin % Historical Data

The historical data trend for Sirakorn 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.

* Premium members only.

Sirakorn PCL Gross Margin % Chart

Sirakorn PCL Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 24.85 20.59 19.60 15.41 21.95

Sirakorn PCL Quarterly Data
Dec18 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial 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 20.82 21.35 22.04 22.85 19.55

Competitive Comparison of Sirakorn PCL's Gross Margin %

For the Building Materials subindustry, Sirakorn 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.


Sirakorn PCL's Gross Margin % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Sirakorn PCL's Gross Margin % distribution charts can be found below:

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



Sirakorn PCL Gross Margin % Calculation

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

Sirakorn 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 )
=149.5 / 681.136
=(Revenue - Cost of Goods Sold) / Revenue
=(681.136 - 531.635) / 681.136
=21.95 %

Sirakorn PCL's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=31.1 / 158.846
=(Revenue - Cost of Goods Sold) / Revenue
=(158.846 - 127.791) / 158.846
=19.55 %

* 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.


Sirakorn PCL  (BKK:SK) 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

Sirakorn PCL had a gross margin of 19.55% for the quarter that ended in Mar. 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.


Sirakorn PCL Gross Margin % Related Terms

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Sirakorn PCL (BKK:SK) Business Description

Traded in Other Exchanges
N/A
Address
53/35 Moo 8, Tumbol Bang Krang, Amphur Muang Nonthaburi, Bangkrang Sub-district, Nonthaburi, THA, 11000
Sirakorn PCL is engaged in the business of manufacturing and distribution of concrete products and construction work services. Its product portfolio includes Concrete, Prestressed Concrete Pile and Prestressed Concrete Bridge Girder, Section Prestressed Concrete Pile, Solid Square Prestressed Concrete Pile among others. The company derives a vast majority of its revenues from the sales of concrete products.

Sirakorn PCL (BKK:SK) Headlines

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