Ttet Union (TPE:1232) Gross Margin % : 10.49% (As of Mar. 2024)

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What is Ttet Union Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ttet Union's Gross Profit for the three months ended in Mar. 2024 was NT$590 Mil. Ttet Union's Revenue for the three months ended in Mar. 2024 was NT$5,626 Mil. Therefore, Ttet Union's Gross Margin % for the quarter that ended in Mar. 2024 was 10.49%.

Warning Sign:

Ttet Union Corp gross margin has been in long-term decline. The average rate of decline per year is -2.5%.

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

TPE:1232' s Gross Margin % Range Over the Past 10 Years
Min: 7.65 Med: 10.38 Max: 14.04
Current: 10.57

During the past 13 years, the highest Gross Margin % of Ttet Union was 14.04%. The lowest was 7.65%. And the median was 10.38%.

TPE:1232's Gross Margin % is ranked worse than
82.56% of 1806 companies
in the Consumer Packaged Goods industry
Industry Median: 25.285 vs TPE:1232: 10.57

Ttet Union had a gross margin of 10.49% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ttet Union was -2.50% per year.

Ttet Union Gross Margin % Historical Data

The historical data trend for Ttet Union'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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Ttet Union Gross Margin % Chart

Ttet Union Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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11.77

14.04

11.52

9.74

10.72

Ttet Union 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															11.08	10.05	9.97	11.73	10.49

Competitive Comparison of Ttet Union's Gross Margin %

For the Packaged Foods subindustry, Ttet Union'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.

Ttet Union's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ttet Union's Gross Margin % distribution charts can be found below:

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

Ttet Union Gross Margin % Calculation

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

Ttet Union'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 )
	=	2525.2	/	23560.347
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(23560.347 - 21035.103)	/	23560.347
	=	10.72 %

Ttet Union'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 )
	=	590	/	5626.346
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5626.346 - 5036.394)	/	5626.346
	=	10.49 %

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.

Ttet Union (TPE:1232) 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

Ttet Union had a gross margin of 10.49% for the quarter that ended in Mar. 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.

Ttet Union Gross Margin % Related Terms

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Ttet Union (TPE:1232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ttet Union Corp (TPE:1232) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048

Website

https://www.ttet.com.tw

Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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