Texture Maker Enterprise Co (ROCO:6963) Gross Margin % : 20.21% (As of Dec. 2023)

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What is Texture Maker Enterprise Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Texture Maker Enterprise Co's Gross Profit for the six months ended in Dec. 2023 was NT$84.5 Mil. Texture Maker Enterprise Co's Revenue for the six months ended in Dec. 2023 was NT$417.9 Mil. Therefore, Texture Maker Enterprise Co's Gross Margin % for the quarter that ended in Dec. 2023 was 20.21%.

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

ROCO:6963' s Gross Margin % Range Over the Past 10 Years
Min: 20.69 Med: 21.72 Max: 22.11
Current: 20.69

During the past 4 years, the highest Gross Margin % of Texture Maker Enterprise Co was 22.11%. The lowest was 20.69%. And the median was 21.72%.

ROCO:6963's Gross Margin % is ranked worse than
61.15% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.35 vs ROCO:6963: 20.69

Texture Maker Enterprise Co had a gross margin of 20.21% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Texture Maker Enterprise Co was 0.00% per year.

Texture Maker Enterprise Co Gross Margin % Historical Data

The historical data trend for Texture Maker Enterprise 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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Texture Maker Enterprise Co Gross Margin % Chart

Texture Maker Enterprise Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

22.11

21.72

20.69

Texture Maker Enterprise Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	-	16.74	26.30	21.18	20.21

Competitive Comparison of Texture Maker Enterprise Co's Gross Margin %

For the Packaged Foods subindustry, Texture Maker Enterprise 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.

Texture Maker Enterprise Co's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Texture Maker Enterprise Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Texture Maker Enterprise Co's Gross Margin % falls into.

Texture Maker Enterprise Co Gross Margin % Calculation

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

Texture Maker Enterprise 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 )
	=	168.9	/	816.555
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(816.555 - 647.628)	/	816.555
	=	20.69 %

Texture Maker Enterprise 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 )
	=	84.5	/	417.857
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(417.857 - 333.391)	/	417.857
	=	20.21 %

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.

Texture Maker Enterprise Co (ROCO:6963) 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

Texture Maker Enterprise Co had a gross margin of 20.21% 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.

Texture Maker Enterprise Co Gross Margin % Related Terms

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Texture Maker Enterprise Co (ROCO:6963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Texture Maker Enterprise Co Ltd (ROCO:6963) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251

Website

https://www.texturemaker.com.tw

Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

Texture Maker Enterprise Co (ROCO:6963) Headlines

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