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Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Gross Margin % : -4.34% (As of Dec. 2023)


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What is Kardemir Karabuk Demir Celiknayi ve Ticaret AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Gross Profit for the three months ended in Dec. 2023 was ₺-1,385 Mil. Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Revenue for the three months ended in Dec. 2023 was ₺31,939 Mil. Therefore, Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Gross Margin % for the quarter that ended in Dec. 2023 was -4.34%.

Warning Sign:

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS gross margin has been in long-term decline. The average rate of decline per year is -24%.


The historical rank and industry rank for Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Gross Margin % or its related term are showing as below:

IST:KRDMA' s Gross Margin % Range Over the Past 10 Years
Min: 4.24   Med: 12.93   Max: 32.39
Current: 7.48


During the past 13 years, the highest Gross Margin % of Kardemir Karabuk Demir Celiknayi ve Ticaret AS was 32.39%. The lowest was 4.24%. And the median was 12.93%.

IST:KRDMA's Gross Margin % is ranked worse than
70.65% of 586 companies
in the Steel industry
Industry Median: 12.94 vs IST:KRDMA: 7.48

Kardemir Karabuk Demir Celiknayi ve Ticaret AS had a gross margin of -4.34% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kardemir Karabuk Demir Celiknayi ve Ticaret AS was -24.00% per year.


Kardemir Karabuk Demir Celiknayi ve Ticaret AS Gross Margin % Historical Data

The historical data trend for Kardemir Karabuk Demir Celiknayi ve Ticaret AS'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.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Gross Margin % Chart

Kardemir Karabuk Demir Celiknayi ve Ticaret AS 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 9.01 15.21 32.39 7.71 4.24

Kardemir Karabuk Demir Celiknayi ve Ticaret AS 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 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 7.90 11.84 19.85 16.30 -4.34

Competitive Comparison of Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Gross Margin %

For the Steel subindustry, Kardemir Karabuk Demir Celiknayi ve Ticaret AS'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.


Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Gross Margin % falls into.



Kardemir Karabuk Demir Celiknayi ve Ticaret AS Gross Margin % Calculation

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

Kardemir Karabuk Demir Celiknayi ve Ticaret AS'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 )
=2189.5 / 51620.726
=(Revenue - Cost of Goods Sold) / Revenue
=(51620.726 - 49431.253) / 51620.726
=4.24 %

Kardemir Karabuk Demir Celiknayi ve Ticaret AS'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 )
=-1384.8 / 31938.932
=(Revenue - Cost of Goods Sold) / Revenue
=(31938.932 - 33323.775) / 31938.932
=-4.34 %

* 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.


Kardemir Karabuk Demir Celiknayi ve Ticaret AS  (IST:KRDMA) 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

Kardemir Karabuk Demir Celiknayi ve Ticaret AS had a gross margin of -4.34% for the quarter that ended in Dec. 2023 => No sustainable 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.


Kardemir Karabuk Demir Celiknayi ve Ticaret AS Gross Margin % Related Terms

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Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Business Description

Traded in Other Exchanges
Address
Kardemir Karabuk Demir Sanayi, Karabuk, TUR, 78170
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS is a Turkey-based company that is primarily engaged in manufacturing and selling of raw iron and steel products, coke, and coke byproducts. Its steel products include pig, blooms, billets, ribbed construction steel, profiles, mine poles, and all types of rails. Billet products and round products account for the majority of the company's steel product volume. The company's products are used in the construction, mining, transport, and industry sectors. Most of the company's revenue is generated from the Turkish domestic market.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Headlines

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