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Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS (IST:DERIM) Gross Margin % : 12.02% (As of Dec. 2023)


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What is Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Gross Profit for the six months ended in Dec. 2023 was ₺314 Mil. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Revenue for the six months ended in Dec. 2023 was ₺2,612 Mil. Therefore, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Gross Margin % for the quarter that ended in Dec. 2023 was 12.02%.


The historical rank and industry rank for Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Gross Margin % or its related term are showing as below:

IST:DERIM' s Gross Margin % Range Over the Past 10 Years
Min: 8.1   Med: 9.68   Max: 14.53
Current: 12.02


During the past 13 years, the highest Gross Margin % of Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS was 14.53%. The lowest was 8.10%. And the median was 9.68%.

IST:DERIM's Gross Margin % is ranked worse than
77.1% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.67 vs IST:DERIM: 12.02

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS had a gross margin of 12.02% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS was 10.70% per year.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Gross Margin % Historical Data

The historical data trend for Derimod Konfeksiyon Ayakkabi Derin Ve Tic 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.

* Premium members only.

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Gross Margin % Chart

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS 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 9.48 8.10 14.53 14.11 12.02

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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 9.48 8.10 14.53 14.11 12.02

Competitive Comparison of Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Gross Margin %

For the Footwear & Accessories subindustry, Derimod Konfeksiyon Ayakkabi Derin Ve Tic 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.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Gross Margin % falls into.



Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Gross Margin % Calculation

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

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS'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 )
=314.1 / 2612.135
=(Revenue - Cost of Goods Sold) / Revenue
=(2612.135 - 2298.07) / 2612.135
=12.02 %

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS'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 )
=314.1 / 2612.135
=(Revenue - Cost of Goods Sold) / Revenue
=(2612.135 - 2298.07) / 2612.135
=12.02 %

* 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.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS  (IST:DERIM) 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

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS had a gross margin of 12.02% for the quarter that ended in Dec. 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.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Gross Margin % Related Terms

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Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Business Description

Traded in Other Exchanges
N/A
Address
Tabakhaneler Mevkii, No. 3, Kat. 1, Corlu, Istanbul, TUR
Derimod Konfeksiyon Ayakkabi Deri San Ve Tic AS is involved in manufacturing leather garments, accessories and other products in Turkey. The company offers Heeled Boots, Flat Boots, Leather Coats, Casual Shoes, Belt and Wallet among others.

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Headlines

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