Kinik Co (TPE:1560) Gross Margin % : 32.36% (As of Mar. 2024)

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What is Kinik Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kinik Co's Gross Profit for the three months ended in Mar. 2024 was NT$516 Mil. Kinik Co's Revenue for the three months ended in Mar. 2024 was NT$1,595 Mil. Therefore, Kinik Co's Gross Margin % for the quarter that ended in Mar. 2024 was 32.36%.

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

TPE:1560' s Gross Margin % Range Over the Past 10 Years
Min: 29.12 Med: 30.66 Max: 36.6
Current: 31.5

During the past 13 years, the highest Gross Margin % of Kinik Co was 36.60%. The lowest was 29.12%. And the median was 30.66%.

TPE:1560's Gross Margin % is ranked better than
62.75% of 2934 companies
in the Industrial Products industry
Industry Median: 26.57 vs TPE:1560: 31.50

Kinik Co had a gross margin of 32.36% for the quarter that ended in Mar. 2024 => Competition eroding margins

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

Kinik Co Gross Margin % Historical Data

The historical data trend for Kinik 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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Kinik Co Gross Margin % Chart

Kinik Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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29.30

29.99

30.90

36.60

30.44

Kinik Co 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															28.03	29.59	32.03	31.99	32.36

Competitive Comparison of Kinik Co's Gross Margin %

For the Specialty Industrial Machinery subindustry, Kinik 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.

Kinik Co's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kinik Co's Gross Margin % distribution charts can be found below:

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

Kinik Co Gross Margin % Calculation

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

Kinik 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 )
	=	1942.2	/	6380.904
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6380.904 - 4438.673)	/	6380.904
	=	30.44 %

Kinik Co'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 )
	=	516.2	/	1595.178
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1595.178 - 1078.936)	/	1595.178
	=	32.36 %

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.

Kinik Co (TPE:1560) 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

Kinik Co had a gross margin of 32.36% for the quarter that ended in Mar. 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.

Kinik Co Gross Margin % Related Terms

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Kinik Co (TPE:1560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinik Co (TPE:1560) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Yenping South Road, Taipei, TWN, 10043

Website

https://www.kinik.com

Kinik is a Taiwan-based company that primarily manufactures and distributes grinding wheels, diamond tools, and reclaimed wafers. The company's products fall into three categories. The traditional product type comprises a wide range of grinding wheels used in machinery components, steelmaking, modules, semiconductor, glass manufacturing, and others. The diamond tool category comprises various blade products, cutters, diamond dressers, and other products, which are used in stone processing and semiconductor dressing applications. The wafer product category primarily consists of wafers resourced from monitor wafters and dummy wafers. Wafer reclamation helps lower costs of factory. Kinik generates the majority of its revenue from the Taiwan domestic market.

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