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Kia (KIMTF) Gross Margin % : 23.79% (As of Mar. 2024)


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What is Kia Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kia's Gross Profit for the three months ended in Mar. 2024 was $4,683 Mil. Kia's Revenue for the three months ended in Mar. 2024 was $19,684 Mil. Therefore, Kia's Gross Margin % for the quarter that ended in Mar. 2024 was 23.79%.


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

KIMTF' s Gross Margin % Range Over the Past 10 Years
Min: 14.75   Med: 19.15   Max: 22.96
Current: 22.96


During the past 13 years, the highest Gross Margin % of Kia was 22.96%. The lowest was 14.75%. And the median was 19.15%.

KIMTF's Gross Margin % is ranked better than
59.94% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 19.88 vs KIMTF: 22.96

Kia had a gross margin of 23.79% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Kia was 9.00% per year.


Kia Gross Margin % Historical Data

The historical data trend for Kia'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.

Kia Gross Margin % Chart

Kia 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 16.13 16.81 18.50 20.82 22.67

Kia Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 22.68 23.12 22.94 21.91 23.79

Competitive Comparison of Kia's Gross Margin %

For the Auto Manufacturers subindustry, Kia'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.


Kia's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kia's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kia's Gross Margin % falls into.



Kia Gross Margin % Calculation

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

Kia'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 )
=17348.2 / 76517.051
=(Revenue - Cost of Goods Sold) / Revenue
=(76517.051 - 59168.889) / 76517.051
=22.67 %

Kia's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=4682.9 / 19684.117
=(Revenue - Cost of Goods Sold) / Revenue
=(19684.117 - 15001.213) / 19684.117
=23.79 %

* 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.


Kia  (OTCPK:KIMTF) 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

Kia had a gross margin of 23.79% for the quarter that ended in Mar. 2024 => Competition eroding margins


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.


Kia Gross Margin % Related Terms

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Kia (KIMTF) Business Description

Traded in Other Exchanges
Address
12 Heolleung-ro, Seocho-gu, Seoul, KOR, 06797
Kia Corp is a Korean motor-vehicle manufacturer. While the company has factories in several countries, the majority of vehicles are manufactured domestically. The company's consolidated revenue is principally derived from the manufacture of passenger vehicles, with another third from recreational vehicles, and a small footprint in commercial vehicles. The three largest individual countries together constitute more than half of total retail sales, with the United States contributing the largest portion, followed closely by China and then Korea.