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ICH Co (XKRX:368600) Gross Margin % : 36.30% (As of Dec. 2023)


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What is ICH Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ICH Co's Gross Profit for the three months ended in Dec. 2023 was ₩5,774 Mil. ICH Co's Revenue for the three months ended in Dec. 2023 was ₩15,905 Mil. Therefore, ICH Co's Gross Margin % for the quarter that ended in Dec. 2023 was 36.30%.


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

XKRX:368600' s Gross Margin % Range Over the Past 10 Years
Min: 10.4   Med: 34.46   Max: 43.69
Current: 14.53


During the past 5 years, the highest Gross Margin % of ICH Co was 43.69%. The lowest was 10.40%. And the median was 34.46%.

XKRX:368600's Gross Margin % is ranked worse than
73.76% of 2439 companies
in the Hardware industry
Industry Median: 24.37 vs XKRX:368600: 14.53

ICH Co had a gross margin of 36.30% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ICH Co was 0.00% per year.


ICH Co Gross Margin % Historical Data

The historical data trend for ICH 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.

* Premium members only.

ICH Co Gross Margin % Chart

ICH Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
41.33 34.46 43.69 10.40 14.52

ICH Co Quarterly Data
Mar21 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 -236.83 4.91 -3.46 4.13 36.30

Competitive Comparison of ICH Co's Gross Margin %

For the Electronic Components subindustry, ICH 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.


ICH Co's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ICH Co's Gross Margin % distribution charts can be found below:

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



ICH Co Gross Margin % Calculation

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

ICH 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 )
=6273.6 / 43192.695
=(Revenue - Cost of Goods Sold) / Revenue
=(43192.695 - 36919.109) / 43192.695
=14.52 %

ICH Co'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 )
=5773.9 / 15904.766
=(Revenue - Cost of Goods Sold) / Revenue
=(15904.766 - 10130.823) / 15904.766
=36.30 %

* 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.


ICH Co  (XKRX:368600) 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

ICH Co had a gross margin of 36.30% for the quarter that ended in Dec. 2023 => Competition eroding margins


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.


ICH Co Gross Margin % Related Terms

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ICH Co (XKRX:368600) Business Description

Traded in Other Exchanges
N/A
Address
13, Humsaejeonli-gil, Gyeonggi-do, Dangjeong-dong, Gunpo-si, KOR
ICH Co Ltd is a company specializing in cutting-edge film-type circuit materials. It develops raw materials that are essential for various IT electrical and electronic devices and structure them in a multi-layered structure. The company produces thin film antennas, electromagnetic shielding gaskets, and other products.

ICH Co (XKRX:368600) Headlines

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