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Taiwan Steel Union Co (TPE:6581) Gross Margin % : 52.59% (As of Sep. 2024)


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What is Taiwan Steel Union Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Taiwan Steel Union Co's Gross Profit for the three months ended in Sep. 2024 was NT$259 Mil. Taiwan Steel Union Co's Revenue for the three months ended in Sep. 2024 was NT$492 Mil. Therefore, Taiwan Steel Union Co's Gross Margin % for the quarter that ended in Sep. 2024 was 52.59%.


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

TPE:6581' s Gross Margin % Range Over the Past 10 Years
Min: 42.8   Med: 49.94   Max: 59.74
Current: 51.82


During the past 11 years, the highest Gross Margin % of Taiwan Steel Union Co was 59.74%. The lowest was 42.80%. And the median was 49.94%.

TPE:6581's Gross Margin % is ranked better than
84.55% of 233 companies
in the Waste Management industry
Industry Median: 28.07 vs TPE:6581: 51.82

Taiwan Steel Union Co had a gross margin of 52.59% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Taiwan Steel Union Co was -0.70% per year.


Taiwan Steel Union Co Gross Margin % Historical Data

The historical data trend for Taiwan Steel Union 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.

* Premium members only.

Taiwan Steel Union Co Gross Margin % Chart

Taiwan Steel Union Co 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 44.47 45.54 54.66 57.35 42.80

Taiwan Steel Union Co 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 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 30.83 47.78 47.78 57.75 52.59

Competitive Comparison of Taiwan Steel Union Co's Gross Margin %

For the Waste Management subindustry, Taiwan Steel Union 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.


Taiwan Steel Union Co's Gross Margin % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Taiwan Steel Union Co's Gross Margin % distribution charts can be found below:

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



Taiwan Steel Union Co Gross Margin % Calculation

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

Taiwan Steel Union 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 )
=873.7 / 2041.441
=(Revenue - Cost of Goods Sold) / Revenue
=(2041.441 - 1167.773) / 2041.441
=42.80 %

Taiwan Steel Union Co'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 )
=258.7 / 491.895
=(Revenue - Cost of Goods Sold) / Revenue
=(491.895 - 233.225) / 491.895
=52.59 %

* 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.


Taiwan Steel Union Co  (TPE:6581) 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

Taiwan Steel Union Co had a gross margin of 52.59% for the quarter that ended in Sep. 2024 => Durable 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.


Taiwan Steel Union Co Gross Margin % Related Terms

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Taiwan Steel Union Co Business Description

Traded in Other Exchanges
N/A
Address
No.36, Siangong N. 1st Road, Changbin Industrial Zone, Shengang Township, Changhua, TWN, 50953
Taiwan Steel Union Co Ltd is a Taiwan-based waste management company engaged in disposing and reusing general industrial and hazardous industrial waste and manufacturing and trading non-ferrous metal (zinc oxide) and non-metallic mineral products. Its segments are The Company and Taiwan Steel Resources Co.

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