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MKDW (MKDWell Tech) Gross Margin % : 8.26% (As of Jun. 2024)


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What is MKDWell Tech Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MKDWell Tech's Gross Profit for the six months ended in Jun. 2024 was $0.07 Mil. MKDWell Tech's Revenue for the six months ended in Jun. 2024 was $0.81 Mil. Therefore, MKDWell Tech's Gross Margin % for the quarter that ended in Jun. 2024 was 8.26%.


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

MKDW' s Gross Margin % Range Over the Past 10 Years
Min: 16.05   Med: 18.36   Max: 32.32
Current: 17.7

During the past 3 years, the highest Gross Margin % of MKDWell Tech was 32.32%. The lowest was 16.05%. And the median was 18.36%.

MKDW's Gross Margin % is ranked worse than
58.55% of 1286 companies
in the Vehicles & Parts industry
Industry Median: 20.07 vs MKDW: 17.70

MKDWell Tech had a gross margin of 8.26% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for MKDWell Tech was 0.00% per year.

MKDWell Tech Gross Margin % Historical Data

The historical data trend for MKDWell Tech'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.

MKDWell Tech Gross Margin % Chart

MKDWell Tech Annual Data
Trend Dec21 Dec22 Dec23
Gross Margin %
16.05 32.32 18.36

MKDWell Tech Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross Margin % Get a 7-Day Free Trial 15.27 40.99 15.16 22.57 8.26

Competitive Comparison of MKDWell Tech's Gross Margin %

For the Auto Parts subindustry, MKDWell Tech'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.

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

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

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


MKDWell Tech Gross Margin % Calculation

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

MKDWell Tech'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 )
=0.7 / 3.671
=(Revenue - Cost of Goods Sold) / Revenue
=(3.671 - 2.997) / 3.671
=18.36 %

MKDWell Tech's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=0.1 / 0.811
=(Revenue - Cost of Goods Sold) / Revenue
=(0.811 - 0.744) / 0.811
=8.26 %

* 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.

MKDWell Tech  (NAS:MKDW) 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

MKDWell Tech had a gross margin of 8.26% for the quarter that ended in Jun. 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.

MKDWell Tech Gross Margin % Related Terms

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MKDWell Tech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MKDWell Tech Inc (NAS:MKDW) » Definitions » Gross Margin %
Comparable Companies
CREV HYZN OMTK NCNCF GTEC WKSP SAG TSE:6902 TSE:5108 XPAR:ML SHSE:600660 SHSE:601689 GPC XKRX:012330 APTV XTER:CON TSE:5802 XTER:KBX MBLY TSX:MG
Traded in Other Exchanges
N/A
Address
Sea Meadow House, Road Town, Tortola, VGB
Website
http://www.mkdwell.com
MKDWell Tech Inc is a company engaged in supplying automotive electronics for passenger cars, modified commercial vehicles, camper vans and logistics vehicles. Its business coverage extends across the spectrum of research and development, design, production and sales of automotive electronic products. The main products are intelligent camper vans control systems, LiDAR sensors, intelligent container control systems for logistics vehicles, vehicle seat control system, and it provide customers with ODM and OEM customized services.