Forward Science (ROCO:7530) Gross Margin % : 11.09% (As of Dec. 2023)

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What is Forward Science Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Forward Science's Gross Profit for the six months ended in Dec. 2023 was NT$14.1 Mil. Forward Science's Revenue for the six months ended in Dec. 2023 was NT$127.0 Mil. Therefore, Forward Science's Gross Margin % for the quarter that ended in Dec. 2023 was 11.09%.

Warning Sign:

Forward Science Corp gross margin has been in long-term decline. The average rate of decline per year is -7.1%.

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

ROCO:7530' s Gross Margin % Range Over the Past 10 Years
Min: 21.57 Med: 28.26 Max: 43.41
Current: 23.61

During the past 6 years, the highest Gross Margin % of Forward Science was 43.41%. The lowest was 21.57%. And the median was 28.26%.

ROCO:7530's Gross Margin % is ranked worse than
59.06% of 2931 companies
in the Industrial Products industry
Industry Median: 26.55 vs ROCO:7530: 23.61

Forward Science had a gross margin of 11.09% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Forward Science was -7.10% per year.

Forward Science Gross Margin % Historical Data

The historical data trend for Forward Science'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.

Forward Science Gross Margin % Chart

Forward Science Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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32.91

21.57

43.41

21.83

23.61

Forward Science Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial					38.37	15.19	29.41	32.86	11.09

Competitive Comparison of Forward Science's Gross Margin %

For the Specialty Industrial Machinery subindustry, Forward Science'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.

Forward Science's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Forward Science's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Forward Science's Gross Margin % falls into.

Forward Science Gross Margin % Calculation

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

Forward Science'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 )
	=	70.6	/	298.92
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(298.92 - 228.343)	/	298.92
	=	23.61 %

Forward Science'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 )
	=	14.1	/	127.012
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(127.012 - 112.932)	/	127.012
	=	11.09 %

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.

Forward Science (ROCO:7530) 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

Forward Science had a gross margin of 11.09% 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.

Forward Science Gross Margin % Related Terms

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Forward Science (ROCO:7530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Forward Science Corp (ROCO:7530) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

232 Youyi Road, Miaoli County, Jhunan, TWN, 350

Website

http://www.forward-tek.com.tw

Forward Science Corp is engaged in the manufacturing and maintenance of vacuum pumps. It is also involved in precision parts manufacturing that includes Stainless Processing, Aluminum Processing, Casting Processing, and Metal Finishing among others.

Forward Science (ROCO:7530) Headlines

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