Hor Kew (SGX:BBP) Gross Margin % : 24.13% (As of Dec. 2023)

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What is Hor Kew Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hor Kew's Gross Profit for the six months ended in Dec. 2023 was S$13.1 Mil. Hor Kew's Revenue for the six months ended in Dec. 2023 was S$54.2 Mil. Therefore, Hor Kew's Gross Margin % for the quarter that ended in Dec. 2023 was 24.13%.

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

SGX:BBP' s Gross Margin % Range Over the Past 10 Years
Min: -30.63 Med: 14.92 Max: 23.37
Current: 21.64

During the past 13 years, the highest Gross Margin % of Hor Kew was 23.37%. The lowest was -30.63%. And the median was 14.92%.

SGX:BBP's Gross Margin % is ranked better than
54.43% of 1613 companies
in the Construction industry
Industry Median: 19.14 vs SGX:BBP: 21.64

Hor Kew had a gross margin of 24.13% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Hor Kew was 0.00% per year.

Hor Kew Gross Margin % Historical Data

The historical data trend for Hor Kew'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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Hor Kew Gross Margin % Chart

Hor Kew Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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10.13

19.98

23.37

20.79

21.64

Hor Kew 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															26.68	31.84	13.16	18.98	24.13

Competitive Comparison of Hor Kew's Gross Margin %

For the Engineering & Construction subindustry, Hor Kew'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.

Hor Kew's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hor Kew's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hor Kew's Gross Margin % falls into.

Hor Kew Gross Margin % Calculation

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

Hor Kew'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 )
	=	22.7	/	104.786
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(104.786 - 82.108)	/	104.786
	=	21.64 %

Hor Kew'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 )
	=	13.1	/	54.209
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(54.209 - 41.131)	/	54.209
	=	24.13 %

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.

Hor Kew (SGX:BBP) 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

Hor Kew had a gross margin of 24.13% 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.

Hor Kew Gross Margin % Related Terms

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Hor Kew (SGX:BBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hor Kew Corp Ltd (SGX:BBP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Kallang Pudding Road, No. 07-01, Hor Kew Business Centre, Singapore, SGP, 349324

Website

https://www.horkew.com.sg

Hor Kew Corp Ltd is a building construction company that provides construction-related products and services. The company manufactures and supplies prestressed and reinforced concrete building components and prefinished architectural precast components. Its segments include Property investment and development segment that is engaged in the development, sales and leasing of residential, commercial and industrial properties, construction segment that is engaged in constructing residential, institutional, industrial and commercial properties as the main contractor; and Prefabrication segment that is engaged in design, manufacture and sales of prestressed and reinforced concrete building components as well as prefabricated architectural metal components.