Mega Metalnayi ve Ticaret AS (IST:MEGMT) Gross Margin % : 8.38% (As of Sep. 2024)

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What is Mega Metalnayi ve Ticaret AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Mega Metalnayi ve Ticaret AS's Gross Profit for the three months ended in Sep. 2024 was ₺398 Mil. Mega Metalnayi ve Ticaret AS's Revenue for the three months ended in Sep. 2024 was ₺4,749 Mil. Therefore, Mega Metalnayi ve Ticaret AS's Gross Margin % for the quarter that ended in Sep. 2024 was 8.38%.

The historical rank and industry rank for Mega Metalnayi ve Ticaret AS's Gross Margin % or its related term are showing as below:

IST:MEGMT' s Gross Margin % Range Over the Past 10 Years
Min: 7.7 Med: 8.67 Max: 9.32
Current: 9.22

During the past 4 years, the highest Gross Margin % of Mega Metalnayi ve Ticaret AS was 9.32%. The lowest was 7.70%. And the median was 8.67%.

IST:MEGMT's Gross Margin % is ranked worse than
90.56% of 2934 companies
in the Industrial Products industry
Industry Median: 26.73 vs IST:MEGMT: 9.22

Mega Metalnayi ve Ticaret AS had a gross margin of 8.38% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Mega Metalnayi ve Ticaret AS was 0.00% per year.

Mega Metalnayi ve Ticaret AS Gross Margin % Historical Data

The historical data trend for Mega Metalnayi ve Ticaret 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.

Mega Metalnayi ve Ticaret AS Gross Margin % Chart

Mega Metalnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

9.02

8.31

7.70

9.32

Mega Metalnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial							10.43	8.69	9.62	10.06	8.38

Competitive Comparison of Mega Metalnayi ve Ticaret AS's Gross Margin %

For the Electrical Equipment & Parts subindustry, Mega Metalnayi ve Ticaret 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.

Mega Metalnayi ve Ticaret AS's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mega Metalnayi ve Ticaret AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Mega Metalnayi ve Ticaret AS's Gross Margin % falls into.

Mega Metalnayi ve Ticaret AS Gross Margin % Calculation

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

Mega Metalnayi ve Ticaret 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 )
	=	1093.4	/	11726.94
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11726.94 - 10633.58)	/	11726.94
	=	9.32 %

Mega Metalnayi ve Ticaret AS'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 )
	=	397.9	/	4748.915
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4748.915 - 4351.063)	/	4748.915
	=	8.38 %

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.

Mega Metalnayi ve Ticaret AS (IST:MEGMT) 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

Mega Metalnayi ve Ticaret AS had a gross margin of 8.38% 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.

Mega Metalnayi ve Ticaret AS Gross Margin % Related Terms

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

Mega Metalnayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mega Metal Sanayi ve Ticaret AS (IST:MEGMT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kayseri OSB District 12, Cadde No: 61, Kayseri, TUR

Website

https://www.megametal.com.tr

Mega Metal Sanayi ve Ticaret AS is a company produces electrolytic copper wire with conductive properties for low current in its production facilities located in Kayseri OSB with an annual melting capacity of forty eight thousand tons. The copper wire that makes up the products produced by Mega Metal is in the form of oxygen-free electrolytic copper wire with low current sectors. The products produced by the company are produced as bare or tin alloyed. The product range is generally bare or tinned which consists of Mono Wire, Multi-Wire Products, Stranded Wires and Coil Wires. The products it produces are used in various sectors such as electrical, electronics, communications, energy, defense and automotive industries.

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