Boqii Holding (BQ) Gross Margin (2019 - 2023)
Boqii Holding (BQ) posted quarterly Gross Margin of 21.8% for Q1 2023, up 30.0% year-over-year from 16.77% in Q1 2022, and up 12.38% quarter-over-quarter from 19.4% in Q3 2022.
Boqii Holding (BQ) Gross Margin (2019 - 2023) Analysis & Trends
Boqii Holding (BQ) has reported Gross Margin for 5 consecutive years, with 21.8% the latest figure, recorded in Q1 2023.
- In Q1 2023, Gross Margin rose 30.0% year-over-year to 21.8%; the TTM figure through Mar 2023 stood at 21.5% (changed 0.0% YoY), while the FY2026 annual figure was 26.27%, up 480.0% from the prior year.
- Gross Margin advanced to 21.8% in Q1 2023 per BQ's latest filing, from 19.4% in the prior quarter.
- Across five years, Gross Margin topped out at 23.19% in Q3 2019 and bottomed at 17.52% in Q2 2021.
- Historically, Gross Margin has averaged 20.09% across 5 years, with a median of 19.67% in 2020.
- Annual changes were most pronounced in 2020 — Gross Margin sank 459 bps — and 2021, when it surged 519 bps.
- Boqii Holding's Gross Margin stood at 18.57% in 2019, then retreated by 3 bps to 17.94% in 2020, then climbed by 29 bps to 23.13% in 2021, then slipped by 16 bps to 19.4% in 2022, then gained by 12 bps to 21.8% in 2023.
- Business Quant data shows BQ's Gross Margin at 21.8% in Q1 2023, 19.4% in Q3 2022, and 22.42% in Q2 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 23.63% |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 40.07% |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 37.05% |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 32.59% |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 37.23% |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 10.97% |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 45.67% |
| 10 | Boqii Holding | 3.87 Mn | -3.32 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 21.80% |
| Sep 30, 2022 | 19.40% |
| Jun 30, 2022 | 22.42% |
| Mar 31, 2022 | 21.50% |
| Dec 31, 2021 | 23.13% |
| Sep 30, 2021 | 19.75% |
| Jun 30, 2021 | 17.52% |
| Mar 31, 2021 | 19.64% |
| Dec 31, 2020 | 17.94% |
| Sep 30, 2020 | 18.60% |
| Jun 30, 2020 | 18.15% |
| Mar 31, 2020 | 19.70% |
| Dec 31, 2019 | 18.57% |
| Sep 30, 2019 | 23.19% |