Ciments du Maroc (CAS:CMA) Gross Margin % : 48.87% (As of Dec. 2023)

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What is Ciments du Maroc Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ciments du Maroc's Gross Profit for the six months ended in Dec. 2023 was MAD1,063 Mil. Ciments du Maroc's Revenue for the six months ended in Dec. 2023 was MAD2,175 Mil. Therefore, Ciments du Maroc's Gross Margin % for the quarter that ended in Dec. 2023 was 48.87%.

Warning Sign:

Ciments du Maroc SA gross margin has been in long-term decline. The average rate of decline per year is -4%.

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

CAS:CMA' s Gross Margin % Range Over the Past 10 Years
Min: 43.81 Med: 52.05 Max: 56.78
Current: 47.77

During the past 13 years, the highest Gross Margin % of Ciments du Maroc was 56.78%. The lowest was 43.81%. And the median was 52.05%.

CAS:CMA's Gross Margin % is ranked better than
87.67% of 373 companies
in the Building Materials industry
Industry Median: 24.74 vs CAS:CMA: 47.77

Ciments du Maroc had a gross margin of 48.87% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ciments du Maroc was -4.00% per year.

Ciments du Maroc Gross Margin % Historical Data

The historical data trend for Ciments du Maroc'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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Ciments du Maroc Gross Margin % Chart

Ciments du Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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56.78

56.00

51.55

43.81

47.77

Ciments du Maroc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															50.22	45.95	41.69	46.65	48.87

Competitive Comparison of Ciments du Maroc's Gross Margin %

For the Building Materials subindustry, Ciments du Maroc'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.

Ciments du Maroc's Gross Margin % Distribution in the Building Materials Industry

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

* The bar in red indicates where Ciments du Maroc's Gross Margin % falls into.

Ciments du Maroc Gross Margin % Calculation

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

Ciments du Maroc'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 )
	=	2069.7	/	4333.153
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4333.153 - 2263.407)	/	4333.153
	=	47.77 %

Ciments du Maroc'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 )
	=	1062.7	/	2174.598
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2174.598 - 1111.9)	/	2174.598
	=	48.87 %

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.

Ciments du Maroc (CAS:CMA) 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

Ciments du Maroc had a gross margin of 48.87% 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.

Ciments du Maroc Gross Margin % Related Terms

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Ciments du Maroc (CAS:CMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ciments du Maroc SA (CAS:CMA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

621. Boulevard Panoramique, Casablanca, MAR, 20150

Website

http://www.cimentsdumaroc.com

Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.