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Sunrex Technology (TPE:2387) Gross Margin % : 13.47% (As of Mar. 2024)


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What is Sunrex Technology Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sunrex Technology's Gross Profit for the three months ended in Mar. 2024 was NT$676 Mil. Sunrex Technology's Revenue for the three months ended in Mar. 2024 was NT$5,016 Mil. Therefore, Sunrex Technology's Gross Margin % for the quarter that ended in Mar. 2024 was 13.47%.


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

TPE:2387' s Gross Margin % Range Over the Past 10 Years
Min: 10.15   Med: 13.55   Max: 16.86
Current: 15.76


During the past 13 years, the highest Gross Margin % of Sunrex Technology was 16.86%. The lowest was 10.15%. And the median was 13.55%.

TPE:2387's Gross Margin % is ranked worse than
71.15% of 2440 companies
in the Hardware industry
Industry Median: 24.455 vs TPE:2387: 15.76

Sunrex Technology had a gross margin of 13.47% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sunrex Technology was 6.00% per year.


Sunrex Technology Gross Margin % Historical Data

The historical data trend for Sunrex Technology'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.

Sunrex Technology Gross Margin % Chart

Sunrex Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.15 15.76 12.05 13.59 15.70

Sunrex Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.85 14.26 18.02 16.98 13.47

Competitive Comparison of Sunrex Technology's Gross Margin %

For the Computer Hardware subindustry, Sunrex Technology'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.


Sunrex Technology's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunrex Technology's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sunrex Technology's Gross Margin % falls into.



Sunrex Technology Gross Margin % Calculation

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

Sunrex Technology'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 )
=3394.3 / 21614.782
=(Revenue - Cost of Goods Sold) / Revenue
=(21614.782 - 18220.442) / 21614.782
=15.70 %

Sunrex Technology'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 )
=675.8 / 5015.557
=(Revenue - Cost of Goods Sold) / Revenue
=(5015.557 - 4339.767) / 5015.557
=13.47 %

* 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.


Sunrex Technology  (TPE:2387) 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

Sunrex Technology had a gross margin of 13.47% 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.


Sunrex Technology Gross Margin % Related Terms

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Sunrex Technology (TPE:2387) Business Description

Traded in Other Exchanges
N/A
Address
No.475, Chang Ping Road, Sec.4, Ta Ya District, Taichung City, TWN
Sunrex Technology Corp manufactures and sells computer keyboards and peripheral devices. The company's products include laptop computer keyboards, desktop computer keyboards & its auxiliary equipment.

Sunrex Technology (TPE:2387) Headlines

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