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DAIDF (Daido Steel Co) Gross Margin % : 18.19% (As of Sep. 2024)


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What is Daido Steel Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Daido Steel Co's Gross Profit for the three months ended in Sep. 2024 was $180 Mil. Daido Steel Co's Revenue for the three months ended in Sep. 2024 was $989 Mil. Therefore, Daido Steel Co's Gross Margin % for the quarter that ended in Sep. 2024 was 18.19%.


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

DAIDF' s Gross Margin % Range Over the Past 10 Years
Min: 14.49   Med: 16.89   Max: 18.31
Current: 17.75


During the past 13 years, the highest Gross Margin % of Daido Steel Co was 18.31%. The lowest was 14.49%. And the median was 16.89%.

DAIDF's Gross Margin % is ranked better than
68.17% of 600 companies
in the Steel industry
Industry Median: 11.595 vs DAIDF: 17.75

Daido Steel Co had a gross margin of 18.19% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Daido Steel Co was 1.20% per year.


Daido Steel Co Gross Margin % Historical Data

The historical data trend for Daido Steel 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.

Daido Steel Co Gross Margin % Chart

Daido Steel Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.52 14.83 17.39 17.78 16.93

Daido Steel Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 17.60 18.74 15.59 18.40 18.19

Competitive Comparison of Daido Steel Co's Gross Margin %

For the Steel subindustry, Daido Steel 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.


Daido Steel Co's Gross Margin % Distribution in the Steel Industry

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

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



Daido Steel Co Gross Margin % Calculation

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

Daido Steel Co's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=653.8 / 3861.763
=(Revenue - Cost of Goods Sold) / Revenue
=(3861.763 - 3207.999) / 3861.763
=16.93 %

Daido Steel Co's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=179.9 / 988.745
=(Revenue - Cost of Goods Sold) / Revenue
=(988.745 - 808.883) / 988.745
=18.19 %

* 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.


Daido Steel Co  (OTCPK:DAIDF) 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

Daido Steel Co had a gross margin of 18.19% for the quarter that ended in Sep. 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.


Daido Steel Co Gross Margin % Related Terms

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Daido Steel Co Business Description

Traded in Other Exchanges
Address
1-10, Higashisakura 1-chome, Higashi-ku, Nagoya, Aichi, JPN, 461-8581
Daido Steel Co Ltd is a Japan-based company that primarily operates through three segments. The special steel segment produces and distributes specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel. The high-performance materials and magnetic materials segment produces and sells stainless steel, nickel-based alloys, electrical and electronic parts, magnetic material products, alloy powder, titanium products, and welding wire. The parts for automobile and industrial equipment segment is engaged in forging and casting for parts for automobiles, industrial machines, chemical equipment, and oil drilling rigs. The company generates majority of its revenue from the Japanese domestic market.

Daido Steel Co Headlines

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