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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Gross Margin % : 14.87% (As of Dec. 2023)


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What is Formet Metal Ve Camnayi Anonim Sirketi Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Formet Metal Ve Camnayi Anonim Sirketi's Gross Profit for the three months ended in Dec. 2023 was ₺34.7 Mil. Formet Metal Ve Camnayi Anonim Sirketi's Revenue for the three months ended in Dec. 2023 was ₺233.6 Mil. Therefore, Formet Metal Ve Camnayi Anonim Sirketi's Gross Margin % for the quarter that ended in Dec. 2023 was 14.87%.

Warning Sign:

Formet Metal Ve Cam Sanayi Anonim Sirketi gross margin has been in long-term decline. The average rate of decline per year is -2.2%.


The historical rank and industry rank for Formet Metal Ve Camnayi Anonim Sirketi's Gross Margin % or its related term are showing as below:

IST:FORMT' s Gross Margin % Range Over the Past 10 Years
Min: 18.05   Med: 28.27   Max: 32.47
Current: 28.27


During the past 9 years, the highest Gross Margin % of Formet Metal Ve Camnayi Anonim Sirketi was 32.47%. The lowest was 18.05%. And the median was 28.27%.

IST:FORMT's Gross Margin % is ranked worse than
51.23% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.645 vs IST:FORMT: 28.27

Formet Metal Ve Camnayi Anonim Sirketi had a gross margin of 14.87% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Formet Metal Ve Camnayi Anonim Sirketi was -2.20% per year.


Formet Metal Ve Camnayi Anonim Sirketi Gross Margin % Historical Data

The historical data trend for Formet Metal Ve Camnayi Anonim Sirketi'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.

Formet Metal Ve Camnayi Anonim Sirketi Gross Margin % Chart

Formet Metal Ve Camnayi Anonim Sirketi Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only 24.41 18.05 20.49 19.76 28.27

Formet Metal Ve Camnayi Anonim Sirketi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.91 36.64 26.55 66.54 14.87

Competitive Comparison of Formet Metal Ve Camnayi Anonim Sirketi's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Formet Metal Ve Camnayi Anonim Sirketi'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.


Formet Metal Ve Camnayi Anonim Sirketi's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Formet Metal Ve Camnayi Anonim Sirketi's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Formet Metal Ve Camnayi Anonim Sirketi's Gross Margin % falls into.



Formet Metal Ve Camnayi Anonim Sirketi Gross Margin % Calculation

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

Formet Metal Ve Camnayi Anonim Sirketi'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 )
=136.8 / 483.794
=(Revenue - Cost of Goods Sold) / Revenue
=(483.794 - 347.016) / 483.794
=28.27 %

Formet Metal Ve Camnayi Anonim Sirketi'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 )
=34.7 / 233.614
=(Revenue - Cost of Goods Sold) / Revenue
=(233.614 - 198.87) / 233.614
=14.87 %

* 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.


Formet Metal Ve Camnayi Anonim Sirketi  (IST:FORMT) 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

Formet Metal Ve Camnayi Anonim Sirketi had a gross margin of 14.87% 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.


Formet Metal Ve Camnayi Anonim Sirketi Gross Margin % Related Terms

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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Business Description

Traded in Other Exchanges
N/A
Address
Caddesi No. 18, Organize Sanayi Bolgesi 9, Kayseri, TUR
Formet Celik Kapi Sanayi ve Ticaret AS manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Headlines

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