Toyobo Co (Toyobo Co) Gross Margin % : 21.33% (As of Dec. 2023)

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What is Toyobo Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Toyobo Co's Gross Profit for the three months ended in Dec. 2023 was $160 Mil. Toyobo Co's Revenue for the three months ended in Dec. 2023 was $749 Mil. Therefore, Toyobo Co's Gross Margin % for the quarter that ended in Dec. 2023 was 21.33%.

Warning Sign:

Toyobo Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.3%.

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

TYOBY' s Gross Margin % Range Over the Past 10 Years
Min: 20.68 Med: 24.11 Max: 26.79
Current: 20.68

During the past 13 years, the highest Gross Margin % of Toyobo Co was 26.79%. The lowest was 20.68%. And the median was 24.11%.

TYOBY's Gross Margin % is ranked worse than
53.77% of 1510 companies
in the Chemicals industry
Industry Median: 22.315 vs TYOBY: 20.68

Toyobo Co had a gross margin of 21.33% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Toyobo Co was -1.30% per year.

Toyobo Co Gross Margin % Historical Data

The historical data trend for Toyobo 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.

Toyobo Co Gross Margin % Chart

Toyobo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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24.08

24.87

26.79

25.58

21.26

Toyobo Co 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															20.60	19.49	19.64	22.17	21.33

Competitive Comparison of Toyobo Co's Gross Margin %

For the Specialty Chemicals subindustry, Toyobo 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.

Toyobo Co's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Toyobo Co's Gross Margin % distribution charts can be found below:

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

Toyobo Co Gross Margin % Calculation

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

Toyobo Co's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	636	/	2991.981
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2991.981 - 2356.015)	/	2991.981
	=	21.26 %

Toyobo 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 )
	=	159.9	/	749.43
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(749.43 - 589.569)	/	749.43
	=	21.33 %

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.

Toyobo Co (OTCPK:TYOBY) 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

Toyobo Co had a gross margin of 21.33% 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.

Toyobo Co Gross Margin % Related Terms

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Toyobo Co (Toyobo Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toyobo Co Ltd (OTCPK:TYOBY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

3101:Japan

Address

2-8, Dojima Hama 2-chome, Kita-ku, Osaka, JPN, 530-8230

Website

http://www.toyobo.co.jp

Toyobo Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The films and functional polymers segment, which generates more of Toyobo's revenue than any other segment, sells industrial films for liquid crystal displays, packaging films for food packaging, and engineered plastics and coatings for electronics. The industrial materials segment sells airbag fabrics and polyester for tires to the automotive industry. The healthcare segment sells enzymes for diagnostics, diagnostic systems, pharmaceuticals, and seawater desalination modules. The textiles segment sells synthetic and acrylic fibers used for apparel production. The majority of revenue comes from Japan.

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