KNNGF (KION GROUP AG) Gross Margin % : 27.11% (As of Sep. 2024)

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What is KION GROUP AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. KION GROUP AG's Gross Profit for the three months ended in Sep. 2024 was $812 Mil. KION GROUP AG's Revenue for the three months ended in Sep. 2024 was $2,996 Mil. Therefore, KION GROUP AG's Gross Margin % for the quarter that ended in Sep. 2024 was 27.11%.

Warning Sign:

KION GROUP AG gross margin has been in long-term decline. The average rate of decline per year is -3.8%.

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

KNNGF' s Gross Margin % Range Over the Past 10 Years
Min: 19.07 Med: 25.98 Max: 28.66
Current: 26.14

During the past 13 years, the highest Gross Margin % of KION GROUP AG was 28.66%. The lowest was 19.07%. And the median was 25.98%.

KNNGF's Gross Margin % is ranked better than
57.21% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.085 vs KNNGF: 26.14

KION GROUP AG had a gross margin of 27.11% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for KION GROUP AG was -3.80% per year.

KION GROUP AG Gross Margin % Historical Data

The historical data trend for KION GROUP AG'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.

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KION GROUP AG Gross Margin % Chart

KION GROUP AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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26.48

24.51

19.07

24.32

KION GROUP AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															26.43	23.94	27.59	26.15	27.11

Competitive Comparison of KION GROUP AG's Gross Margin %

For the Farm & Heavy Construction Machinery subindustry, KION GROUP AG'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.

KION GROUP AG's Gross Margin % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where KION GROUP AG's Gross Margin % falls into.

KION GROUP AG Gross Margin % Calculation

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

KION GROUP AG'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 )
	=	3032.9	/	12468.593
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12468.593 - 9435.66)	/	12468.593
	=	24.32 %

KION GROUP AG'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 )
	=	812.1	/	2995.782
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2995.782 - 2183.684)	/	2995.782
	=	27.11 %

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.

KION GROUP AG (OTCPK:KNNGF) 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

KION GROUP AG had a gross margin of 27.11% for the quarter that ended in Sep. 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.

KION GROUP AG Gross Margin % Related Terms

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KION GROUP AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » KION GROUP AG (OTCPK:KNNGF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

KIGRY:USA 1KGX:Italy KGXd:UK 0QFU:UK KGX:Germany KGX:Austria

Address

Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549

Website

https://www.kiongroup.com

Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.