Kiwi Technology (ROCO:6699) Gross Margin % : 54.52% (As of Dec. 2023)

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What is Kiwi Technology Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kiwi Technology's Gross Profit for the six months ended in Dec. 2023 was NT$18.22 Mil. Kiwi Technology's Revenue for the six months ended in Dec. 2023 was NT$33.42 Mil. Therefore, Kiwi Technology's Gross Margin % for the quarter that ended in Dec. 2023 was 54.52%.

Warning Sign:

Kiwi Technology Inc gross margin has been in long-term decline. The average rate of decline per year is -2.6%.

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

ROCO:6699' s Gross Margin % Range Over the Past 10 Years
Min: 37.7 Med: 51.13 Max: 57.39
Current: 44.12

During the past 8 years, the highest Gross Margin % of Kiwi Technology was 57.39%. The lowest was 37.70%. And the median was 51.13%.

ROCO:6699's Gross Margin % is ranked better than
52.73% of 2640 companies
in the Software industry
Industry Median: 41.76 vs ROCO:6699: 44.12

Kiwi Technology had a gross margin of 54.52% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kiwi Technology was -2.60% per year.

Kiwi Technology Gross Margin % Historical Data

The historical data trend for Kiwi Technology'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.

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Kiwi Technology Gross Margin % Chart

Kiwi Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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39.07

50.25

52.01

37.70

44.12

Kiwi Technology Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial									45.55	50.46	21.67	32.74	54.52

Competitive Comparison of Kiwi Technology's Gross Margin %

For the Information Technology Services subindustry, Kiwi Technology'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.

Kiwi Technology's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Kiwi Technology's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kiwi Technology's Gross Margin % falls into.

Kiwi Technology Gross Margin % Calculation

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

Kiwi Technology'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 )
	=	28.2	/	64.009
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(64.009 - 35.771)	/	64.009
	=	44.12 %

Kiwi Technology'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 )
	=	18.2	/	33.424
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(33.424 - 15.201)	/	33.424
	=	54.52 %

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.

Kiwi Technology (ROCO:6699) 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

Kiwi Technology had a gross margin of 54.52% 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.

Kiwi Technology Gross Margin % Related Terms

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Kiwi Technology (ROCO:6699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kiwi Technology Inc (ROCO:6699) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 118, Ciyun Road, No. 27, Floor 5, East District, Hsinchu, TWN, 302

Website

https://www.kiwi-tec.com

Kiwi Technology Inc is engaged in business projects like audio-visual and communication ICs Design and sales of chips, and IoT solutions for LoRA low-power wide-area networks. Its cloud platform provides node devices, gateways, and the entire network, as a data storage and processing platform. The solutions offered by the company include Food Safety, Smart Agriculture, Smart Building and Disaster Prevention among others.

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