Echo Trading Co (TSE:7427) Gross Margin % : 10.90% (As of Nov. 2023)

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What is Echo Trading Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Echo Trading Co's Gross Profit for the three months ended in Nov. 2023 was 円3,008 Mil. Echo Trading Co's Revenue for the three months ended in Nov. 2023 was 円27,593 Mil. Therefore, Echo Trading Co's Gross Margin % for the quarter that ended in Nov. 2023 was 10.90%.

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

TSE:7427' s Gross Margin % Range Over the Past 10 Years
Min: 11.54 Med: 11.93 Max: 12.84
Current: 11.59

During the past 13 years, the highest Gross Margin % of Echo Trading Co was 12.84%. The lowest was 11.54%. And the median was 11.93%.

TSE:7427's Gross Margin % is ranked worse than
80.2% of 1808 companies
in the Consumer Packaged Goods industry
Industry Median: 25.085 vs TSE:7427: 11.59

Echo Trading Co had a gross margin of 10.90% for the quarter that ended in Nov. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Echo Trading Co was -0.70% per year.

Echo Trading Co Gross Margin % Historical Data

The historical data trend for Echo Trading Co'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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Echo Trading Co Gross Margin % Chart

Echo Trading Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Gross Margin %

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11.85

11.80

11.84

11.73

11.54

Echo Trading Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Gross Margin %	Get a 7-Day Free Trial															11.11	12.16	11.54	11.83	10.90

Competitive Comparison of Echo Trading Co's Gross Margin %

For the Packaged Foods subindustry, Echo Trading Co'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.

Echo Trading Co's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Echo Trading Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Echo Trading Co's Gross Margin % falls into.

Echo Trading Co Gross Margin % Calculation

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

Echo Trading Co's Gross Margin for the fiscal year that ended in Feb. 2023 is calculated as

Gross Margin % (A: Feb. 2023 )	=	Gross Profit (A: Feb. 2023 )	/	Revenue (A: Feb. 2023 )
	=	11190.7	/	96955.316
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(96955.316 - 85764.581)	/	96955.316
	=	11.54 %

Echo Trading Co's Gross Margin for the quarter that ended in Nov. 2023 is calculated as

Gross Margin % (Q: Nov. 2023 )	=	Gross Profit (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	3007.7	/	27593.402
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(27593.402 - 24585.75)	/	27593.402
	=	10.90 %

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.

Echo Trading Co (TSE:7427) 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

Echo Trading Co had a gross margin of 10.90% for the quarter that ended in Nov. 2023 => No sustainable competitive advantage

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.

Echo Trading Co Gross Margin % Related Terms

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Echo Trading Co (TSE:7427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Echo Trading Co Ltd (TSE:7427) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 No. 23 in Nishinomiya, Hyogo Prefecture Naruohama 2-chome, Nishinomiya, JPN, 663-8142

Website

http://www.echotd.co.jp

Echo Trading Co Ltd is a Japan-based company offering diversified products and services for pets. The company is engaged in specialty store business, wholesale business, product development business, education business, sales promotion business, event business, and internet business. Its specialty store business, wholesale business, and product development business are engaged in the production and distribution of pet food and pet supplies to pet home centers, supermarkets, and drug stores. Its internet business transmits information useful for pet owners and pet lives such as searching for pet-related facilities such as animal hospitals and trimming salons, and travel knowledge on pets.

Echo Trading Co (TSE:7427) Headlines

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