Singapore Shipping (SGX:S19) Gross Margin % : 23.99% (As of Sep. 2023)

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What is Singapore Shipping Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Singapore Shipping's Gross Profit for the six months ended in Sep. 2023 was S$7.48 Mil. Singapore Shipping's Revenue for the six months ended in Sep. 2023 was S$31.20 Mil. Therefore, Singapore Shipping's Gross Margin % for the quarter that ended in Sep. 2023 was 23.99%.

Warning Sign:

Singapore Shipping Corp Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.3%.

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

SGX:S19' s Gross Margin % Range Over the Past 10 Years
Min: 24.35 Med: 25.87 Max: 30.33
Current: 24.35

During the past 13 years, the highest Gross Margin % of Singapore Shipping was 30.33%. The lowest was 24.35%. And the median was 25.87%.

SGX:S19's Gross Margin % is ranked better than
60.93% of 947 companies
in the Transportation industry
Industry Median: 20.12 vs SGX:S19: 24.35

Singapore Shipping had a gross margin of 23.99% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Singapore Shipping was -3.30% per year.

Singapore Shipping Gross Margin % Historical Data

The historical data trend for Singapore Shipping'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.

Singapore Shipping Gross Margin % Chart

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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25.79

25.95

27.29

24.55

24.49

Singapore Shipping Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															25.86	23.19	24.28	24.69	23.99

Competitive Comparison of Singapore Shipping's Gross Margin %

For the Marine Shipping subindustry, Singapore Shipping'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.

Singapore Shipping's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Singapore Shipping's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Singapore Shipping's Gross Margin % falls into.

Singapore Shipping Gross Margin % Calculation

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

Singapore Shipping's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	15.6	/	63.494
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(63.494 - 47.944)	/	63.494
	=	24.49 %

Singapore Shipping's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	7.5	/	31.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(31.2 - 23.716)	/	31.2
	=	23.99 %

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.

Singapore Shipping (SGX:S19) 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

Singapore Shipping had a gross margin of 23.99% for the quarter that ended in Sep. 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.

Singapore Shipping Gross Margin % Related Terms

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Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

Singapore Shipping (SGX:S19) Headlines

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