Industrie Chimiche Forestali SpA (MIL:ICF) Gross Margin % : 37.17% (As of Dec. 2023)

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What is Industrie Chimiche Forestali SpA Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Industrie Chimiche Forestali SpA's Gross Profit for the six months ended in Dec. 2023 was €14.21 Mil. Industrie Chimiche Forestali SpA's Revenue for the six months ended in Dec. 2023 was €38.24 Mil. Therefore, Industrie Chimiche Forestali SpA's Gross Margin % for the quarter that ended in Dec. 2023 was 37.17%.

The historical rank and industry rank for Industrie Chimiche Forestali SpA's Gross Margin % or its related term are showing as below:

MIL:ICF' s Gross Margin % Range Over the Past 10 Years
Min: 30.69 Med: 34.97 Max: 39.56
Current: 36.55

During the past 7 years, the highest Gross Margin % of Industrie Chimiche Forestali SpA was 39.56%. The lowest was 30.69%. And the median was 34.97%.

MIL:ICF's Gross Margin % is ranked better than
78.87% of 1510 companies
in the Chemicals industry
Industry Median: 22.355 vs MIL:ICF: 36.55

Industrie Chimiche Forestali SpA had a gross margin of 37.17% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Industrie Chimiche Forestali SpA was -1.00% per year.

Industrie Chimiche Forestali SpA Gross Margin % Historical Data

The historical data trend for Industrie Chimiche Forestali SpA'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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Industrie Chimiche Forestali SpA Gross Margin % Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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37.28

39.56

30.69

31.14

36.55

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial					28.23	31.66	30.61	35.98	37.17

Competitive Comparison of Industrie Chimiche Forestali SpA's Gross Margin %

For the Specialty Chemicals subindustry, Industrie Chimiche Forestali SpA'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.

Industrie Chimiche Forestali SpA's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Industrie Chimiche Forestali SpA's Gross Margin % falls into.

Industrie Chimiche Forestali SpA Gross Margin % Calculation

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

Industrie Chimiche Forestali SpA'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 )
	=	29.2	/	79.86
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(79.86 - 50.67)	/	79.86
	=	36.55 %

Industrie Chimiche Forestali SpA'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 )
	=	14.2	/	38.242
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(38.242 - 24.028)	/	38.242
	=	37.17 %

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.

Industrie Chimiche Forestali SpA (MIL:ICF) 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

Industrie Chimiche Forestali SpA had a gross margin of 37.17% 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.

Industrie Chimiche Forestali SpA Gross Margin % Related Terms

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

Industrie Chimiche Forestali SpA (MIL:ICF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.