OKANO VALVE MFG Co (TSE:6492) Gross Margin % : 32.61% (As of Feb. 2024)

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What is OKANO VALVE MFG Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. OKANO VALVE MFG Co's Gross Profit for the three months ended in Feb. 2024 was 円512 Mil. OKANO VALVE MFG Co's Revenue for the three months ended in Feb. 2024 was 円1,570 Mil. Therefore, OKANO VALVE MFG Co's Gross Margin % for the quarter that ended in Feb. 2024 was 32.61%.

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

TSE:6492' s Gross Margin % Range Over the Past 10 Years
Min: 4.16 Med: 17.74 Max: 27.64
Current: 27.64

During the past 13 years, the highest Gross Margin % of OKANO VALVE MFG Co was 27.64%. The lowest was 4.16%. And the median was 17.74%.

TSE:6492's Gross Margin % is ranked better than
53.6% of 2942 companies
in the Industrial Products industry
Industry Median: 26.47 vs TSE:6492: 27.64

OKANO VALVE MFG Co had a gross margin of 32.61% for the quarter that ended in Feb. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for OKANO VALVE MFG Co was 25.60% per year.

OKANO VALVE MFG Co Gross Margin % Historical Data

The historical data trend for OKANO VALVE MFG 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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OKANO VALVE MFG Co Gross Margin % Chart

OKANO VALVE MFG Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Gross Margin %

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4.16

15.99

20.82

20.88

25.03

OKANO VALVE MFG Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Margin %	Get a 7-Day Free Trial															13.27	25.08	23.71	29.99	32.61

Competitive Comparison of OKANO VALVE MFG Co's Gross Margin %

For the Specialty Industrial Machinery subindustry, OKANO VALVE MFG 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.

OKANO VALVE MFG Co's Gross Margin % Distribution in the Industrial Products Industry

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

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

OKANO VALVE MFG Co Gross Margin % Calculation

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

OKANO VALVE MFG Co's Gross Margin for the fiscal year that ended in Nov. 2023 is calculated as

Gross Margin % (A: Nov. 2023 )	=	Gross Profit (A: Nov. 2023 )	/	Revenue (A: Nov. 2023 )
	=	1854	/	7407
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7407 - 5553)	/	7407
	=	25.03 %

OKANO VALVE MFG Co's Gross Margin for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )	=	Gross Profit (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	512	/	1570
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1570 - 1058)	/	1570
	=	32.61 %

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.

OKANO VALVE MFG Co (TSE:6492) 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

OKANO VALVE MFG Co had a gross margin of 32.61% for the quarter that ended in Feb. 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.

OKANO VALVE MFG Co Gross Margin % Related Terms

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OKANO VALVE MFG Co (TSE:6492) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKANO VALVE MFG Co Ltd (TSE:6492) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-14 Nakamachi, Moji-ku, Kitakyusyu, JPN, 800-8601

Website

http://www.okano-valve.co.jp

OKANO VALVE MFG.CO.LTD. is the diversified industrial equipment and components manufacturer in Japan. The principal business activities of the company are the production of various valves, machinery and equipment. The company offers globe valve, gate valve, check valve, drain valve, lining valve, among others. In addition, it is involved in the various iron and steel casting, forging as well as the sale of its products.

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