GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Swire Pacific Ltd (OTCPK:SWRAF) » Definitions » Gross Margin %

Swire Pacific (Swire Pacific) Gross Margin % : 36.83% (As of Dec. 2023)


View and export this data going back to 2002. Start your Free Trial

What is Swire Pacific Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Swire Pacific's Gross Profit for the six months ended in Dec. 2023 was $2,041 Mil. Swire Pacific's Revenue for the six months ended in Dec. 2023 was $5,542 Mil. Therefore, Swire Pacific's Gross Margin % for the quarter that ended in Dec. 2023 was 36.83%.


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

SWRAF' s Gross Margin % Range Over the Past 10 Years
Min: 35.25   Med: 37.33   Max: 38.92
Current: 37.07


During the past 13 years, the highest Gross Margin % of Swire Pacific was 38.92%. The lowest was 35.25%. And the median was 37.33%.

SWRAF's Gross Margin % is ranked better than
71.87% of 480 companies
in the Conglomerates industry
Industry Median: 25.035 vs SWRAF: 37.07

Swire Pacific had a gross margin of 36.83% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Swire Pacific was 0.30% per year.


Swire Pacific Gross Margin % Historical Data

The historical data trend for Swire Pacific'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.

Swire Pacific Gross Margin % Chart

Swire Pacific Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.15 38.92 38.66 37.50 37.07

Swire Pacific 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.54 38.24 36.80 37.27 36.83

Competitive Comparison of Swire Pacific's Gross Margin %

For the Conglomerates subindustry, Swire Pacific'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.


Swire Pacific's Gross Margin % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Swire Pacific's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Swire Pacific's Gross Margin % falls into.



Swire Pacific Gross Margin % Calculation

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

Swire Pacific'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 )
=4500.6 / 12141.54
=(Revenue - Cost of Goods Sold) / Revenue
=(12141.54 - 7640.913) / 12141.54
=37.07 %

Swire Pacific'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 )
=2041.2 / 5541.627
=(Revenue - Cost of Goods Sold) / Revenue
=(5541.627 - 3500.474) / 5541.627
=36.83 %

* 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.

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.


Swire Pacific  (OTCPK:SWRAF) 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

Swire Pacific had a gross margin of 36.83% 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.


Swire Pacific Gross Margin % Related Terms

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


Swire Pacific (Swire Pacific) Business Description

Address
88 Queensway, GPO Box 1, 33rd Floor, One Pacific Place, Hong Kong, HKG
Swire Pacific is a Hong Kong-based conglomerate with interests in property, aviation, beverage, trading, and industrials. The property division, an 82% stake in Swire Properties, contributes more than half of the group's operating profit. The beverage division is one of two Coca-Cola bottlers in mainland China and also a bottler in Hong Kong, Taiwan, Vietnam, and Cambodia. The aviation division consists of Haeco, an aircraft engineering company, and a 45% stake in Cathay Pacific. As of end June 2023, John Swire & Sons, the parent company, holds a 60% stake in Swire Pacific but has 68% of the voting rights through a dual-class share structure.

Swire Pacific (Swire Pacific) Headlines

From GuruFocus

Matthews Pacific Tiger Fund Maintains Its Mission

By David Goodloe David Goodloe 05-05-2016