Seker Yatirim Menkul Degerler AS (IST:SKYMD) Gross Margin % : 1.57% (As of Dec. 2023)

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What is Seker Yatirim Menkul Degerler AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Seker Yatirim Menkul Degerler AS's Gross Profit for the three months ended in Dec. 2023 was ₺281 Mil. Seker Yatirim Menkul Degerler AS's Revenue for the three months ended in Dec. 2023 was ₺17,867 Mil. Therefore, Seker Yatirim Menkul Degerler AS's Gross Margin % for the quarter that ended in Dec. 2023 was 1.57%.

The historical rank and industry rank for Seker Yatirim Menkul Degerler AS's Gross Margin % or its related term are showing as below:

IST:SKYMD' s Gross Margin % Range Over the Past 10 Years
Min: 0.28 Med: 0.56 Max: 1.51
Current: 1.51

During the past 4 years, the highest Gross Margin % of Seker Yatirim Menkul Degerler AS was 1.51%. The lowest was 0.28%. And the median was 0.56%.

IST:SKYMD's Gross Margin % is ranked worse than
87.91% of 604 companies
in the Capital Markets industry
Industry Median: 48.655 vs IST:SKYMD: 1.51

Seker Yatirim Menkul Degerler AS had a gross margin of 1.57% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Seker Yatirim Menkul Degerler AS was 0.00% per year.

Seker Yatirim Menkul Degerler AS Gross Margin % Historical Data

The historical data trend for Seker Yatirim Menkul Degerler 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.

Seker Yatirim Menkul Degerler AS Gross Margin % Chart

Seker Yatirim Menkul Degerler AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

0.28

0.50

0.61

1.39

Seker Yatirim Menkul Degerler AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial			0.48	0.67	-	1.38	1.57

Competitive Comparison of Seker Yatirim Menkul Degerler AS's Gross Margin %

For the Capital Markets subindustry, Seker Yatirim Menkul Degerler 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.

Seker Yatirim Menkul Degerler AS's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Seker Yatirim Menkul Degerler AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Seker Yatirim Menkul Degerler AS's Gross Margin % falls into.

Seker Yatirim Menkul Degerler AS Gross Margin % Calculation

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

Seker Yatirim Menkul Degerler 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 )
	=	553.4	/	39708.557
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(39708.557 - 39155.201)	/	39708.557
	=	1.39 %

Seker Yatirim Menkul Degerler 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 )
	=	280.9	/	17867.396
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(17867.396 - 17586.471)	/	17867.396
	=	1.57 %

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.

Seker Yatirim Menkul Degerler AS (IST:SKYMD) 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

Seker Yatirim Menkul Degerler AS had a gross margin of 1.57% 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.

Seker Yatirim Menkul Degerler AS Gross Margin % Related Terms

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Seker Yatirim Menkul Degerler AS (IST:SKYMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Seker Yatirim Menkul Degerler AS (IST:SKYMD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cad. No:171, Metrocity A Blok Kat:4-5 Esentepe, Sisli, Istanbul, TUR

Website

https://www.sekeryatirim.com.tr

Seker Yatirim Menkul Degerler AS is an investment company which offers serves as an broad authorized Intermediary Institution such as Trading Intermediary Operations, Portfolio Intermediary Operations, Individual Portfolio Management Activities, Investment Advisory, and IPO Intermediary through underwriting, Limited and General Custody Services.

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