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EGKLF (ElringKlinger AG) Gross Margin % : 24.28% (As of Sep. 2024)


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What is ElringKlinger AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ElringKlinger AG's Gross Profit for the three months ended in Sep. 2024 was $119 Mil. ElringKlinger AG's Revenue for the three months ended in Sep. 2024 was $489 Mil. Therefore, ElringKlinger AG's Gross Margin % for the quarter that ended in Sep. 2024 was 24.28%.


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

EGKLF' s Gross Margin % Range Over the Past 10 Years
Min: 18.82   Med: 21.8   Max: 27.04
Current: 23.57


During the past 13 years, the highest Gross Margin % of ElringKlinger AG was 27.04%. The lowest was 18.82%. And the median was 21.80%.

EGKLF's Gross Margin % is ranked better than
62.24% of 1279 companies
in the Vehicles & Parts industry
Industry Median: 20.04 vs EGKLF: 23.57

ElringKlinger AG had a gross margin of 24.28% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ElringKlinger AG was 0.40% per year.


ElringKlinger AG Gross Margin % Historical Data

The historical data trend for ElringKlinger AG'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.

ElringKlinger AG Gross Margin % Chart

ElringKlinger AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.83 19.25 21.61 18.82 21.81

ElringKlinger AG 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 21.35 21.60 23.78 24.60 24.28

Competitive Comparison of ElringKlinger AG's Gross Margin %

For the Auto Parts subindustry, ElringKlinger AG'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.


ElringKlinger AG's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ElringKlinger AG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ElringKlinger AG's Gross Margin % falls into.



ElringKlinger AG Gross Margin % Calculation

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

ElringKlinger AG'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 )
=439.3 / 2014.308
=(Revenue - Cost of Goods Sold) / Revenue
=(2014.308 - 1575.043) / 2014.308
=21.81 %

ElringKlinger AG'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 )
=118.8 / 489.259
=(Revenue - Cost of Goods Sold) / Revenue
=(489.259 - 370.458) / 489.259
=24.28 %

* 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.


ElringKlinger AG  (OTCPK:EGKLF) 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

ElringKlinger AG had a gross margin of 24.28% for the quarter that ended in Sep. 2024 => 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.


ElringKlinger AG Gross Margin % Related Terms

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ElringKlinger AG Business Description

Traded in Other Exchanges
Address
Max-Eyth-Strasse 2, Dettingen an der Erms, DEU, 72581
ElringKlinger AG is a supplier of original equipment parts for vehicles and engines. The company produces cylinder heads and specialty gaskets, plastic housing modules, shielding components for engines, transmissions, exhaust systems, exhaust gas purification technology as well as battery and fuel cell components. Erling Klinger also offers its product to customers in the aftermarkets. The segment of the company revenue is the original equipment division, while the majority of sales are generated outside its domestic German market.

ElringKlinger AG Headlines

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