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Surapon Foods PCL (BKK:SSF) Gross Margin % : 12.77% (As of Dec. 2023)


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What is Surapon Foods PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Surapon Foods PCL's Gross Profit for the three months ended in Dec. 2023 was ฿170 Mil. Surapon Foods PCL's Revenue for the three months ended in Dec. 2023 was ฿1,327 Mil. Therefore, Surapon Foods PCL's Gross Margin % for the quarter that ended in Dec. 2023 was 12.77%.


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

BKK:SSF' s Gross Margin % Range Over the Past 10 Years
Min: 10.48   Med: 12.77   Max: 16.21
Current: 13.37


During the past 13 years, the highest Gross Margin % of Surapon Foods PCL was 16.21%. The lowest was 10.48%. And the median was 12.77%.

BKK:SSF's Gross Margin % is ranked worse than
76.55% of 1808 companies
in the Consumer Packaged Goods industry
Industry Median: 25.085 vs BKK:SSF: 13.37

Surapon Foods PCL had a gross margin of 12.77% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Surapon Foods PCL was 2.00% per year.


Surapon Foods PCL Gross Margin % Historical Data

The historical data trend for Surapon Foods 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.

Surapon Foods PCL Gross Margin % Chart

Surapon Foods PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.81 14.64 14.81 10.48 13.37

Surapon Foods PCL Quarterly Data
Mar19 Jun19 Sep19 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 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 10.88 13.52 13.69 13.51 12.77

Competitive Comparison of Surapon Foods PCL's Gross Margin %

For the Packaged Foods subindustry, Surapon Foods 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.


Surapon Foods PCL's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Surapon Foods PCL's Gross Margin % distribution charts can be found below:

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



Surapon Foods PCL Gross Margin % Calculation

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

Surapon Foods 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 )
=701.9 / 5248.836
=(Revenue - Cost of Goods Sold) / Revenue
=(5248.836 - 4546.971) / 5248.836
=13.37 %

Surapon Foods 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 )
=169.6 / 1327.322
=(Revenue - Cost of Goods Sold) / Revenue
=(1327.322 - 1157.76) / 1327.322
=12.77 %

* 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.


Surapon Foods PCL  (BKK:SSF) 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

Surapon Foods PCL had a gross margin of 12.77% for the quarter that ended in Dec. 2023 => 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.


Surapon Foods PCL Gross Margin % Related Terms

Thank you for viewing the detailed overview of Surapon Foods PCL's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Surapon Foods PCL (BKK:SSF) Business Description

Traded in Other Exchanges
N/A
Address
247 Moo 1, Teparak Road, Amphur Muang, Tambon Teparak, Samutprakarn Province, Samutprakarn, THA, 10270
Surapon Foods PCL is the manufacturer and distributor of seafood, finished and semi-finished frozen foods, including ready-to-cook and ready-to-eat. The group operates in two business segments: the manufacturing & distribution of seafood, and finished & semi-finished frozen foods; and Cold storage warehouse & logistic service. The diversity of its products includes the main ingredients (boiled shrimp, sushi shrimp, fish, squid, etc.), ready-to-eat (dim sum, deep-fried food, and processed chicken), as well as Halal products under the Farhana brand (dim sum and deep-fried food).

Surapon Foods PCL (BKK:SSF) Headlines

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