ION Electronic Materials Co (ROCO:6959) Gross Margin % : 26.63% (As of Dec. 2023)

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What is ION Electronic Materials Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ION Electronic Materials Co's Gross Profit for the six months ended in Dec. 2023 was NT$64.9 Mil. ION Electronic Materials Co's Revenue for the six months ended in Dec. 2023 was NT$243.7 Mil. Therefore, ION Electronic Materials Co's Gross Margin % for the quarter that ended in Dec. 2023 was 26.63%.

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

ROCO:6959' s Gross Margin % Range Over the Past 10 Years
Min: 11.64 Med: 19.32 Max: 25.06
Current: 25.06

During the past 5 years, the highest Gross Margin % of ION Electronic Materials Co was 25.06%. The lowest was 11.64%. And the median was 19.32%.

ROCO:6959's Gross Margin % is ranked better than
58.31% of 1511 companies
in the Chemicals industry
Industry Median: 22.22 vs ROCO:6959: 25.06

ION Electronic Materials Co had a gross margin of 26.63% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ION Electronic Materials Co was 0.00% per year.

ION Electronic Materials Co Gross Margin % Historical Data

The historical data trend for ION Electronic Materials Co'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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ION Electronic Materials Co Gross Margin % Chart

ION Electronic Materials Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

11.64

19.09

19.55

25.06

ION Electronic Materials Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			-	18.62	20.00	23.37	26.63

Competitive Comparison of ION Electronic Materials Co's Gross Margin %

For the Specialty Chemicals subindustry, ION Electronic Materials Co'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.

ION Electronic Materials Co's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ION Electronic Materials Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ION Electronic Materials Co's Gross Margin % falls into.

ION Electronic Materials Co Gross Margin % Calculation

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

ION Electronic Materials Co'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 )
	=	117.6	/	469.179
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(469.179 - 351.595)	/	469.179
	=	25.06 %

ION Electronic Materials Co'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 )
	=	64.9	/	243.742
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(243.742 - 178.836)	/	243.742
	=	26.63 %

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.

ION Electronic Materials Co (ROCO:6959) 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

ION Electronic Materials Co had a gross margin of 26.63% for the quarter that ended in Dec. 2023 => 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.

ION Electronic Materials Co Gross Margin % Related Terms

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ION Electronic Materials Co (ROCO:6959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ION Electronic Materials Co Ltd (ROCO:6959) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 195, Xiangxi Road, Hukou Township, Hsinchu, TWN, 303103

Website

https://www.iemc.co/tw

ION Electronic Materials Co Ltd focuses on special materials for the electronics industry and provides local services, With development capabilities and multi-national patents, it looks forward to contributing to Taiwan's technology industry. Its main products are advanced semiconductor materials. It has negative pressure steel cylinder production technology and localized production advantages. It has passed ISO 9001 certification and is a supplier partner of major semiconductor factories.

ION Electronic Materials Co (ROCO:6959) Headlines

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