Veste Estilo (BSP:VSTE) Gross Margin % : 67.30% (As of Dec. 2023)

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What is Veste Estilo Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Veste Estilo's Gross Profit for the three months ended in Dec. 2023 was R$190 Mil. Veste Estilo's Revenue for the three months ended in Dec. 2023 was R$282 Mil. Therefore, Veste Estilo's Gross Margin % for the quarter that ended in Dec. 2023 was 67.30%.

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

BSP:VSTE' s Gross Margin % Range Over the Past 10 Years
Min: 47.52 Med: 58.2 Max: 66.15
Current: 65.67

During the past 13 years, the highest Gross Margin % of Veste Estilo was 66.15%. The lowest was 47.52%. And the median was 58.20%.

BSP:VSTE's Gross Margin % is ranked better than
91.87% of 1095 companies
in the Retail - Cyclical industry
Industry Median: 36.46 vs BSP:VSTE: 65.67

Veste Estilo had a gross margin of 67.30% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Veste Estilo was 2.90% per year.

Veste Estilo Gross Margin % Historical Data

The historical data trend for Veste Estilo'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.

Veste Estilo Gross Margin % Chart

Veste Estilo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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47.52

49.28

52.20

61.96

65.67

Veste Estilo 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															64.60	64.02	67.69	63.48	67.30

Competitive Comparison of Veste Estilo's Gross Margin %

For the Apparel Retail subindustry, Veste Estilo'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.

Veste Estilo's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Veste Estilo's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Veste Estilo's Gross Margin % falls into.

Veste Estilo Gross Margin % Calculation

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

Veste Estilo'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 )
	=	728.8	/	1109.823
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1109.823 - 380.985)	/	1109.823
	=	65.67 %

Veste Estilo'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 )
	=	189.7	/	281.847
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(281.847 - 92.166)	/	281.847
	=	67.30 %

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.

Veste Estilo (BSP:VSTE) 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

Veste Estilo had a gross margin of 67.30% 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.

Veste Estilo Gross Margin % Related Terms

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

Veste Estilo (BSP:VSTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Veste SA Estilo (BSP:VSTE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Othão, 405, Sao Paulo, SP, BRA, 05313-020

Website

https://www.veste.com

Veste SA Estilo is engaged in apparel industry retailers and high-end accessories in Brazil. The Company's main objectives are: development, exploration of the industry, trade, import and export of clothing and clothing accessories and trading in decorative, hygiene and cosmetic objects, among others. It produces clothes, accessories, footwear, and articles for the home, always in line with contemporary lifestyle, bringing joy, elegance, and well-being to customers under its brands Le Lis, Dudalina, john john, Stew, and Individual. The company focuses on designing, developing, manufacturing, and trading apparel and accessories for women and men.

Veste Estilo (BSP:VSTE) Headlines

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