MTAG Group Bhd (XKLS:0213) Gross Margin % : 39.09% (As of Dec. 2023)

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What is MTAG Group Bhd Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MTAG Group Bhd's Gross Profit for the three months ended in Dec. 2023 was RM8.7 Mil. MTAG Group Bhd's Revenue for the three months ended in Dec. 2023 was RM22.4 Mil. Therefore, MTAG Group Bhd's Gross Margin % for the quarter that ended in Dec. 2023 was 39.09%.

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

XKLS:0213' s Gross Margin % Range Over the Past 10 Years
Min: 19.89 Med: 29.07 Max: 37.64
Current: 37.64

During the past 8 years, the highest Gross Margin % of MTAG Group Bhd was 37.64%. The lowest was 19.89%. And the median was 29.07%.

XKLS:0213's Gross Margin % is ranked better than
54.71% of 987 companies
in the Business Services industry
Industry Median: 34.38 vs XKLS:0213: 37.64

MTAG Group Bhd had a gross margin of 39.09% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for MTAG Group Bhd was 0.40% per year.

MTAG Group Bhd Gross Margin % Historical Data

The historical data trend for MTAG Group Bhd'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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MTAG Group Bhd Gross Margin % Chart

MTAG Group Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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29.86

31.88

27.82

28.28

32.76

MTAG Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															26.23	32.86	38.82	39.44	39.09

Competitive Comparison of MTAG Group Bhd's Gross Margin %

For the Specialty Business Services subindustry, MTAG Group Bhd'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.

MTAG Group Bhd's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MTAG Group Bhd's Gross Margin % distribution charts can be found below:

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

MTAG Group Bhd Gross Margin % Calculation

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

MTAG Group Bhd's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	50.4	/	153.912
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(153.912 - 103.484)	/	153.912
	=	32.76 %

MTAG Group Bhd'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 )
	=	8.7	/	22.361
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(22.361 - 13.619)	/	22.361
	=	39.09 %

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.

MTAG Group Bhd (XKLS:0213) 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

MTAG Group Bhd had a gross margin of 39.09% 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.

MTAG Group Bhd Gross Margin % Related Terms

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MTAG Group Bhd (XKLS:0213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MTAG Group Bhd (XKLS:0213) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Perindustrian Tebrau III, PLO 226, Jalan Kencana Mas, Johor Bahru, Johor, MYS, 81100

Website

https://www.mtaggroup.com

MTAG Group Bhd is a converter company providing the services of label and sticker printing and customised converting services for various materials. In addition, it distributes industrial tapes and adhesive products under the brands 3M and Henkel. Its segments consist of Converting, Distribution and Investment holding. The company operates in Malaysia.

MTAG Group Bhd (XKLS:0213) Headlines

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