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Artemis Hali AS (IST:ARTMS) Gross Margin % : 0.00% (As of Sep. 2023)


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What is Artemis Hali AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Artemis Hali AS's Gross Profit for the three months ended in Sep. 2023 was ₺0.00 Mil. Artemis Hali AS's Revenue for the three months ended in Sep. 2023 was ₺0.00 Mil. Therefore, Artemis Hali AS's Gross Margin % for the quarter that ended in Sep. 2023 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.


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

IST:ARTMS' s Gross Margin % Range Over the Past 10 Years
Min: 26.81   Med: 40.86   Max: 69
Current: 69


During the past 3 years, the highest Gross Margin % of Artemis Hali AS was 69.00%. The lowest was 26.81%. And the median was 40.86%.

IST:ARTMS's Gross Margin % is ranked better than
95.92% of 1029 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 27.09 vs IST:ARTMS: 69.00

Artemis Hali AS had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Artemis Hali AS was 0.00% per year.


Artemis Hali AS Gross Margin % Historical Data

The historical data trend for Artemis Hali AS'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.

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Artemis Hali AS Gross Margin % Chart

Artemis Hali AS Annual Data
Trend Dec20 Dec21 Dec22
Gross Margin %
48.91 26.81 40.86

Artemis Hali AS Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23
Gross Margin % - - - 69.00 -

Competitive Comparison of Artemis Hali AS's Gross Margin %

For the Textile Manufacturing subindustry, Artemis Hali AS'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.


Artemis Hali AS's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Artemis Hali AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Artemis Hali AS's Gross Margin % falls into.



Artemis Hali AS Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Artemis Hali AS's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=127.9 / 313.096
=(Revenue - Cost of Goods Sold) / Revenue
=(313.096 - 185.158) / 313.096
=40.86 %

Artemis Hali AS's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0) / 0
=N/A %

* 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.


Artemis Hali AS  (IST:ARTMS) 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

Artemis Hali AS had a gross margin of N/A% for the quarter that ended in Sep. 2023 => 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.


Artemis Hali AS Gross Margin % Related Terms

Thank you for viewing the detailed overview of Artemis Hali AS's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Artemis Hali AS (IST:ARTMS) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Balmumcu District Itri Street No:8/1, Turkey, TUR
Artemis Hali AS is a company whose business activity is manufacturing, importing, exporting, buying-selling and marketing all kinds of handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets and textile products.

Artemis Hali AS (IST:ARTMS) Headlines

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