The historical rank and industry rank for GEN Restaurant Group's Gross Margin % or its related term are showing as below:
GENK'
s Gross Margin % Range Over the Past 10 Years
Min: 33.71 Med: 36.35 Max: 39.24
Current: 36.35
During the past 5 years, the highestGross Margin % of GEN Restaurant Group was 39.24%. The lowest was 33.71%. And the median was 36.35%.
GENK's Gross Margin % is ranked worse than 67.64% of 343
companies
in the Restaurants industry
Industry Median: 47.41
vs GENK: 36.35
GEN Restaurant Group had a gross margin of 35.32% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for GEN Restaurant Group was 0.00% per year.
GEN Restaurant Group Gross Margin % Historical Data
The historical data trend for GEN Restaurant Group'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.
Competitive Comparison of GEN Restaurant Group's Gross Margin %
For the Restaurants subindustry, GEN Restaurant Group'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.
GEN Restaurant Group's Gross Margin % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, GEN Restaurant Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where GEN Restaurant Group's Gross Margin % falls into.
* 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.
GEN Restaurant Group (NAS:GENK) 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
GEN Restaurant Group had a gross margin of 35.32% for the quarter that ended in Dec. 2023 => 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.
GEN Restaurant Group Gross Margin % Related Terms
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GEN Restaurant Group (GEN Restaurant Group) Business Description
GEN Restaurant Group Inc is engaged in GEN Korean BBQ which is one of the largest Asian casual dining restaurants. It offers an extensive menu of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables, all at a superior value. Its restaurants have modern decor, lively Korean pop music playing in the background and embedded grills in the center of each table. Its food is served family style and requires guests to share and coordinate their cooking responsibilities, which fosters more meaningful interaction than traditional casual dining. The company believes in its unique culinary experience appeals to a vast segment of the population, particularly Millennials and Gen Z.
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