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Inoue Rubber (Thailand) PCL (BKK:IRC-F) Gross Margin % : 14.54% (As of Mar. 2024)


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What is Inoue Rubber (Thailand) PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Inoue Rubber (Thailand) PCL's Gross Profit for the three months ended in Mar. 2024 was ฿176 Mil. Inoue Rubber (Thailand) PCL's Revenue for the three months ended in Mar. 2024 was ฿1,209 Mil. Therefore, Inoue Rubber (Thailand) PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 14.54%.

Warning Sign:

Inoue Rubber (Thailand) PCL gross margin has been in long-term decline. The average rate of decline per year is -8.4%.


The historical rank and industry rank for Inoue Rubber (Thailand) PCL's Gross Margin % or its related term are showing as below:

BKK:IRC-F' s Gross Margin % Range Over the Past 10 Years
Min: 7.48   Med: 13.27   Max: 18.7
Current: 11.37


During the past 13 years, the highest Gross Margin % of Inoue Rubber (Thailand) PCL was 18.70%. The lowest was 7.48%. And the median was 13.27%.

BKK:IRC-F's Gross Margin % is ranked worse than
79.42% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 19.88 vs BKK:IRC-F: 11.37

Inoue Rubber (Thailand) PCL had a gross margin of 14.54% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Inoue Rubber (Thailand) PCL was -8.40% per year.


Inoue Rubber (Thailand) PCL Gross Margin % Historical Data

The historical data trend for Inoue Rubber (Thailand) PCL'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.

Inoue Rubber (Thailand) PCL Gross Margin % Chart

Inoue Rubber (Thailand) PCL Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.39 12.95 13.59 7.48 9.06

Inoue Rubber (Thailand) PCL 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.96 8.94 10.53 11.62 14.54

Competitive Comparison of Inoue Rubber (Thailand) PCL's Gross Margin %

For the Auto Parts subindustry, Inoue Rubber (Thailand) PCL'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.


Inoue Rubber (Thailand) PCL's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Inoue Rubber (Thailand) PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Inoue Rubber (Thailand) PCL's Gross Margin % falls into.



Inoue Rubber (Thailand) PCL Gross Margin % Calculation

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

Inoue Rubber (Thailand) PCL's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )=Gross Profit (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=490.6 / 5417.206
=(Revenue - Cost of Goods Sold) / Revenue
=(5417.206 - 4926.639) / 5417.206
=9.06 %

Inoue Rubber (Thailand) PCL'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 )
=175.8 / 1208.718
=(Revenue - Cost of Goods Sold) / Revenue
=(1208.718 - 1032.92) / 1208.718
=14.54 %

* 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.


Inoue Rubber (Thailand) PCL  (BKK:IRC-F) 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

Inoue Rubber (Thailand) PCL had a gross margin of 14.54% 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.


Inoue Rubber (Thailand) PCL Gross Margin % Related Terms

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Inoue Rubber (Thailand) PCL (BKK:IRC-F) Business Description

Traded in Other Exchanges
Address
No. 258, Soi Rangsit-Nakornnayok 49, Prachathipat Sub-district, Thanyaburi District, Pathumthani, THA, 12130
Inoue Rubber (Thailand) PCL is principally engaged in the manufacture and distribution of Automotive Elastomer Products, motorcycle tires, tubes, and industrial elastomer rubber parts. Geographically, it derives a majority of its revenue from Thailand. The company's reportable segments includes geographical areas that are Local and Export, out of which key revenue is generated from Local Segment. Its products involve Automotive Elastomer Products, Motorcycle Tires and Tubes and Industrial Elastomer Parts.

Inoue Rubber (Thailand) PCL (BKK:IRC-F) Headlines

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