Nordic Group (SGX:MR7) Gross Margin % : 20.10% (As of Dec. 2023)

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What is Nordic Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Nordic Group's Gross Profit for the six months ended in Dec. 2023 was S$14.3 Mil. Nordic Group's Revenue for the six months ended in Dec. 2023 was S$71.2 Mil. Therefore, Nordic Group's Gross Margin % for the quarter that ended in Dec. 2023 was 20.10%.

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

SGX:MR7' s Gross Margin % Range Over the Past 10 Years
Min: 22.23 Med: 26.67 Max: 33.25
Current: 22.67

During the past 13 years, the highest Gross Margin % of Nordic Group was 33.25%. The lowest was 22.23%. And the median was 26.67%.

SGX:MR7's Gross Margin % is ranked better than
56.6% of 1613 companies
in the Construction industry
Industry Median: 19.2 vs SGX:MR7: 22.67

Nordic Group had a gross margin of 20.10% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Nordic Group was -0.10% per year.

Nordic Group Gross Margin % Historical Data

The historical data trend for Nordic 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.

* Premium members only.

Nordic Group Gross Margin % Chart

Nordic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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25.14

22.23

26.97

28.11

22.67

Nordic Group 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															25.62	28.89	27.35	24.71	20.10

Competitive Comparison of Nordic Group's Gross Margin %

For the Engineering & Construction subindustry, Nordic 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.

Nordic Group's Gross Margin % Distribution in the Construction Industry

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

* The bar in red indicates where Nordic Group's Gross Margin % falls into.

Nordic Group Gross Margin % Calculation

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

Nordic Group'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 )
	=	36.4	/	160.644
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(160.644 - 124.232)	/	160.644
	=	22.67 %

Nordic Group'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 )
	=	14.3	/	71.231
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(71.231 - 56.914)	/	71.231
	=	20.10 %

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.

Nordic Group (SGX:MR7) 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

Nordic Group had a gross margin of 20.10% 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.

Nordic Group Gross Margin % Related Terms

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Nordic Group (SGX:MR7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordic Group Ltd (SGX:MR7) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Tuas Avenue 10, Singapore, SGP, 639126

Website

https://www.nordicgrouplimited.com

Nordic Group Ltd is an investment holding company. Its operating business segments include Project Services, Maintenance Services, and Others. The company generates maximum revenue from the Maintenance services segment. Its Maintenance Services segment includes maintenance and repair services, trading and supply of material, spare parts and components. The Project services segment includes projects that require engineering, procurement, design, construction, machining, scaffolding works, insulation services, and passive fireproofing services. Geographically, Singapore derives the vast majority of its revenue.

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