Genting Singapore (Genting Singapore) Gross Margin % : 35.86% (As of Dec. 2023)

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What is Genting Singapore Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Genting Singapore's Gross Profit for the six months ended in Dec. 2023 was $360 Mil. Genting Singapore's Revenue for the six months ended in Dec. 2023 was $1,004 Mil. Therefore, Genting Singapore's Gross Margin % for the quarter that ended in Dec. 2023 was 35.86%.

Warning Sign:

Genting Singapore Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.6%.

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

GIGNY' s Gross Margin % Range Over the Past 10 Years
Min: 21.8 Med: 34.8 Max: 45.44
Current: 36.51

During the past 13 years, the highest Gross Margin % of Genting Singapore was 45.44%. The lowest was 21.80%. And the median was 34.80%.

GIGNY's Gross Margin % is ranked worse than
61.05% of 765 companies
in the Travel & Leisure industry
Industry Median: 43.19 vs GIGNY: 36.51

Genting Singapore had a gross margin of 35.86% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Genting Singapore was -3.60% per year.

Genting Singapore Gross Margin % Historical Data

The historical data trend for Genting Singapore'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.

Genting Singapore Gross Margin % Chart

Genting Singapore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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41.49

21.80

30.63

34.88

36.51

Genting Singapore 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															23.21	30.18	37.82	37.32	35.86

Competitive Comparison of Genting Singapore's Gross Margin %

For the Resorts & Casinos subindustry, Genting Singapore'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.

Genting Singapore's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Genting Singapore's Gross Margin % distribution charts can be found below:

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

Genting Singapore Gross Margin % Calculation

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

Genting Singapore'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 )
	=	662.7	/	1814.9
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1814.9 - 1152.213)	/	1814.9
	=	36.51 %

Genting Singapore'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 )
	=	360	/	1003.829
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1003.829 - 643.873)	/	1003.829
	=	35.86 %

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.

Genting Singapore (OTCPK:GIGNY) 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

Genting Singapore had a gross margin of 35.86% 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.

Genting Singapore Gross Margin % Related Terms

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Genting Singapore (Genting Singapore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Genting Singapore Ltd (OTCPK:GIGNY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GIGNF:USA G13:Singapore 36T:Germany

Address

10 Sentosa Gateway, Resorts World Sentosa, Singapore, SGP, 098270

Website

https://www.gentingsingapore.com

Genting Singapore is engaged in the development and operation of integrated resort destinations, including gaming, hospitality, meetings, and leisure and entertainment facilities. It owns Resorts World Sentosa in Singapore, one of the leading integrated resort destinations in Asia, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore theme park, facilities for meetings, incentives, conventions, and exhibitions, hotels, Michelin-starred restaurants, and specialty retail outlets.