Carlo Rino Group Bhd (XKLS:03016) Gross Margin % : 62.82% (As of Dec. 2023)

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What is Carlo Rino Group Bhd Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Carlo Rino Group Bhd's Gross Profit for the six months ended in Dec. 2023 was RM31.1 Mil. Carlo Rino Group Bhd's Revenue for the six months ended in Dec. 2023 was RM49.5 Mil. Therefore, Carlo Rino Group Bhd's Gross Margin % for the quarter that ended in Dec. 2023 was 62.82%.

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

XKLS:03016' s Gross Margin % Range Over the Past 10 Years
Min: 48.38 Med: 54.63 Max: 62.77
Current: 62.77

During the past 8 years, the highest Gross Margin % of Carlo Rino Group Bhd was 62.77%. The lowest was 48.38%. And the median was 54.63%.

XKLS:03016's Gross Margin % is ranked better than
92.64% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.35 vs XKLS:03016: 62.77

Carlo Rino Group Bhd had a gross margin of 62.82% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Carlo Rino Group Bhd was 5.10% per year.

Carlo Rino Group Bhd Gross Margin % Historical Data

The historical data trend for Carlo Rino 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.

* Premium members only.

Carlo Rino Group Bhd Gross Margin % Chart

Carlo Rino Group Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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48.38

54.18

58.06

61.94

61.71

Carlo Rino Group Bhd Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial										58.91	63.66	60.71	62.73	62.82

Competitive Comparison of Carlo Rino Group Bhd's Gross Margin %

For the Footwear & Accessories subindustry, Carlo Rino 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.

Carlo Rino Group Bhd's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Carlo Rino Group Bhd's Gross Margin % distribution charts can be found below:

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

Carlo Rino Group Bhd Gross Margin % Calculation

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

Carlo Rino 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 )
	=	70.1	/	113.534
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(113.534 - 43.47)	/	113.534
	=	61.71 %

Carlo Rino 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 )
	=	31.1	/	49.537
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(49.537 - 18.419)	/	49.537
	=	62.82 %

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.

Carlo Rino Group Bhd (XKLS:03016) 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

Carlo Rino Group Bhd had a gross margin of 62.82% for the quarter that ended in Dec. 2023 => Durable 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.

Carlo Rino Group Bhd Gross Margin % Related Terms

Thank you for viewing the detailed overview of Carlo Rino Group Bhd's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Carlo Rino Group Bhd (XKLS:03016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Carlo Rino Group Bhd (XKLS:03016) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 160, Jalan Cerdas, Taman Connaught, L2-05, 2nd Floor, Ikon Connaught, Wilayah Persekutuan, Kuala Lumpur, MYS, 56000

Website

https://www.carlorino.net

Carlo Rino Group Bhd is an investment holding company whose subsidiaries are principally involved in the design, marketing and retailing of women footwear, handbags and accessories; and provision of management services in Malaysia.

Carlo Rino Group Bhd (XKLS:03016) Headlines

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