Daekyo Co (XKRX:019685) Gross Margin % : 18.07% (As of Mar. 2024)

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What is Daekyo Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Daekyo Co's Gross Profit for the three months ended in Mar. 2024 was ₩29,983 Mil. Daekyo Co's Revenue for the three months ended in Mar. 2024 was ₩165,947 Mil. Therefore, Daekyo Co's Gross Margin % for the quarter that ended in Mar. 2024 was 18.07%.

Warning Sign:

Daekyo Co Ltd 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 Daekyo Co's Gross Margin % or its related term are showing as below:

XKRX:019685' s Gross Margin % Range Over the Past 10 Years
Min: 13.44 Med: 18.14 Max: 20.23
Current: 16.43

During the past 13 years, the highest Gross Margin % of Daekyo Co was 20.23%. The lowest was 13.44%. And the median was 18.14%.

XKRX:019685's Gross Margin % is ranked worse than
95.98% of 249 companies
in the Education industry
Industry Median: 47.9 vs XKRX:019685: 16.43

Daekyo Co had a gross margin of 18.07% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

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

Daekyo Co Gross Margin % Historical Data

The historical data trend for Daekyo Co'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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Daekyo Co Gross Margin % Chart

Daekyo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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18.39

13.44

14.50

14.89

16.57

Daekyo Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															18.53	15.69	16.90	15.05	18.07

Competitive Comparison of Daekyo Co's Gross Margin %

For the Education & Training Services subindustry, Daekyo Co'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.

Daekyo Co's Gross Margin % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Daekyo Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Daekyo Co's Gross Margin % falls into.

Daekyo Co Gross Margin % Calculation

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

Daekyo Co'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 )
	=	109305.2	/	659740.743
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(659740.743 - 550435.573)	/	659740.743
	=	16.57 %

Daekyo Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	29982.8	/	165946.842
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(165946.842 - 135964.001)	/	165946.842
	=	18.07 %

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.

Daekyo Co (XKRX:019685) 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

Daekyo Co had a gross margin of 18.07% for the quarter that ended in Mar. 2024 => 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.

Daekyo Co Gross Margin % Related Terms

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Daekyo Co (XKRX:019685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Daekyo Co Ltd (XKRX:019685) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

019680:Korea

Address

Noonnopi Seocho Center, 446-3, Bangbae-Dong, Seocho-Gu, Seoul, KOR, 137-818

Website

http://eng.daekyo.com

Daekyo Co Ltd is a Korean education company that provides services such as learning centers, educational materials, media programs, and international programs. The company's largest segment is its Noonnoppi brand of learning centers and self-learning systems. This segment offers on-site learning centers for children as well as home tutoring and virtual learning programs. The majority of students that subscribe to Noonnoppi programs are elementary and middle/high school students, followed by adult learners. Daekyo also operates over 10 international subsidiaries the U.S. and in 21 countries across Asia.

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