Tokyo Base Co (TSE:3415) Gross Margin % : 50.73% (As of Jan. 2024)

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What is Tokyo Base Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tokyo Base Co's Gross Profit for the three months ended in Jan. 2024 was 円2,882 Mil. Tokyo Base Co's Revenue for the three months ended in Jan. 2024 was 円5,681 Mil. Therefore, Tokyo Base Co's Gross Margin % for the quarter that ended in Jan. 2024 was 50.73%.

Warning Sign:

Tokyo Base Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.2%.

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

TSE:3415' s Gross Margin % Range Over the Past 10 Years
Min: 48.7 Med: 51.35 Max: 53.2
Current: 50.11

During the past 8 years, the highest Gross Margin % of Tokyo Base Co was 53.20%. The lowest was 48.70%. And the median was 51.35%.

TSE:3415's Gross Margin % is ranked better than
73.28% of 1093 companies
in the Retail - Cyclical industry
Industry Median: 36.51 vs TSE:3415: 50.11

Tokyo Base Co had a gross margin of 50.73% for the quarter that ended in Jan. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tokyo Base Co was -1.20% per year.

Tokyo Base Co Gross Margin % Historical Data

The historical data trend for Tokyo Base 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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Tokyo Base Co Gross Margin % Chart

Tokyo Base Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Jan23

Gross Margin %

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51.35

50.47

51.77

48.70

50.10

Tokyo Base Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial															49.26	49.62	51.24	48.65	50.73

Competitive Comparison of Tokyo Base Co's Gross Margin %

For the Apparel Retail subindustry, Tokyo Base 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.

Tokyo Base Co's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tokyo Base Co's Gross Margin % distribution charts can be found below:

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

Tokyo Base Co Gross Margin % Calculation

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

Tokyo Base Co's Gross Margin for the fiscal year that ended in Jan. 2023 is calculated as

Gross Margin % (A: Jan. 2023 )	=	Gross Profit (A: Jan. 2023 )	/	Revenue (A: Jan. 2023 )
	=	9609.5	/	19181.858
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19181.858 - 9572.386)	/	19181.858
	=	50.10 %

Tokyo Base Co's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2882.4	/	5681.47
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5681.47 - 2799.108)	/	5681.47
	=	50.73 %

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.

Tokyo Base Co (TSE:3415) 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

Tokyo Base Co had a gross margin of 50.73% for the quarter that ended in Jan. 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.

Tokyo Base Co Gross Margin % Related Terms

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Tokyo Base Co (TSE:3415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tokyo Base Co Ltd (TSE:3415) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-5 Shibuya, MFPR Shibuya Building, 2nd Floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

http://www.tokyobase.co.jp

Tokyo Base Co Ltd is engaged in the retail sale of apparel goods for men and women. The company operates its stores under the STUDIOUS, UNITED TOKYO, CITY, and PUBLIC TOKYO brand names. The company products include tops, bottoms, shoes, bags, accessories and other goods.

Tokyo Base Co (TSE:3415) Headlines

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