Thanulux PCL (BKK:TNL) Gross Margin % : 37.07% (As of Mar. 2024)

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What is Thanulux PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Thanulux PCL's Gross Profit for the three months ended in Mar. 2024 was ฿161 Mil. Thanulux PCL's Revenue for the three months ended in Mar. 2024 was ฿434 Mil. Therefore, Thanulux PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 37.07%.

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

BKK:TNL' s Gross Margin % Range Over the Past 10 Years
Min: 26.03 Med: 28.82 Max: 37.82
Current: 37.43

During the past 13 years, the highest Gross Margin % of Thanulux PCL was 37.82%. The lowest was 26.03%. And the median was 28.82%.

BKK:TNL's Gross Margin % is ranked better than
64.52% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 26.95 vs BKK:TNL: 37.43

Thanulux PCL had a gross margin of 37.07% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Thanulux PCL was 4.80% per year.

Thanulux PCL Gross Margin % Historical Data

The historical data trend for Thanulux 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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Thanulux PCL Gross Margin % Chart

Thanulux PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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27.08

26.03

28.65

30.07

37.82

Thanulux PCL Quarterly Data
	Jun19	Sep19	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															38.50	39.40	37.59	35.43	37.07

Competitive Comparison of Thanulux PCL's Gross Margin %

For the Apparel Manufacturing subindustry, Thanulux 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.

Thanulux PCL's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thanulux PCL's Gross Margin % distribution charts can be found below:

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

Thanulux PCL Gross Margin % Calculation

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

Thanulux 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 )
	=	690.8	/	1826.5
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1826.5 - 1135.747)	/	1826.5
	=	37.82 %

Thanulux 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 )
	=	161	/	434.226
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(434.226 - 273.265)	/	434.226
	=	37.07 %

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.

Thanulux PCL (BKK:TNL) 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

Thanulux PCL had a gross margin of 37.07% for the quarter that ended in Mar. 2024 => 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.

Thanulux PCL Gross Margin % Related Terms

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Thanulux PCL (BKK:TNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thanulux PCL (BKK:TNL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

129/1, Chongnonthri Road, Chongnonthri, Yannawa, Bangkok, THA, 10120

Website

https://www.thanulux.com

Thanulux PCL is engaged in the manufacture and distribution of apparel. The group's business operation involves three principal segments: (1) textiles and apparels industries, (2) financial business and (3) real estate. Apparels products include shirts, t-shirts, trousers, jeans, suits, jackets, pajamas, underwear, neckties and socks. The company is geographically present in Europe, Asia, America, Australia and South Africa.