Topkey (TPE:4536) Gross Margin % : 33.96% (As of Sep. 2024)

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What is Topkey Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Topkey's Gross Profit for the three months ended in Sep. 2024 was NT$883 Mil. Topkey's Revenue for the three months ended in Sep. 2024 was NT$2,600 Mil. Therefore, Topkey's Gross Margin % for the quarter that ended in Sep. 2024 was 33.96%.

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

TPE:4536' s Gross Margin % Range Over the Past 10 Years
Min: 25.74 Med: 29.79 Max: 35.4
Current: 34.55

During the past 13 years, the highest Gross Margin % of Topkey was 35.40%. The lowest was 25.74%. And the median was 29.79%.

TPE:4536's Gross Margin % is ranked worse than
65.54% of 766 companies
in the Travel & Leisure industry
Industry Median: 43.675 vs TPE:4536: 34.55

Topkey had a gross margin of 33.96% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Topkey was 1.90% per year.

Topkey Gross Margin % Historical Data

The historical data trend for Topkey'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.

Topkey Gross Margin % Chart

Topkey Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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33.13

34.54

30.54

35.40

32.71

Topkey Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															32.84	34.69	34.06	35.47	33.96

Competitive Comparison of Topkey's Gross Margin %

For the Leisure subindustry, Topkey'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.

Topkey's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Topkey's Gross Margin % distribution charts can be found below:

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

Topkey Gross Margin % Calculation

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

Topkey'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 )
	=	3030.8	/	9266.547
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9266.547 - 6235.759)	/	9266.547
	=	32.71 %

Topkey's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	883	/	2600.104
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2600.104 - 1717.087)	/	2600.104
	=	33.96 %

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.

Topkey (TPE:4536) 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

Topkey had a gross margin of 33.96% for the quarter that ended in Sep. 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.

Topkey Gross Margin % Related Terms

Thank you for viewing the detailed overview of Topkey's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Topkey Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Topkey Corp (TPE:4536) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, 20th Road, Industrial Park, Taichung, TWN

Website

http://www.topkey.com.tw

Topkey Corp is mainly engaged in the production, processing, sale, international trading, and agency services of sporting goods, carbon fiber products, glass fiber products, and composite materials. Revenue from the sales of goods comes from the sales of sporting goods which accounts for the majority of the company's revenue, aviation products, and medical products. Revenue from the rendering of services comes from professional labor services. The company operates in Asia which is also its key revenue-generating market, Europe, America, and other regions.

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