Shochiku Co (TSE:9601) Gross Margin % : 43.17% (As of Feb. 2024)

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What is Shochiku Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Shochiku Co's Gross Profit for the three months ended in Feb. 2024 was 円9,914 Mil. Shochiku Co's Revenue for the three months ended in Feb. 2024 was 円22,964 Mil. Therefore, Shochiku Co's Gross Margin % for the quarter that ended in Feb. 2024 was 43.17%.

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

TSE:9601' s Gross Margin % Range Over the Past 10 Years
Min: 35.4 Med: 42.5 Max: 43.69
Current: 42.11

During the past 13 years, the highest Gross Margin % of Shochiku Co was 43.69%. The lowest was 35.40%. And the median was 42.50%.

TSE:9601's Gross Margin % is ranked better than
55.13% of 956 companies
in the Media - Diversified industry
Industry Median: 38.44 vs TSE:9601: 42.11

Shochiku Co had a gross margin of 43.17% for the quarter that ended in Feb. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Shochiku Co was -0.80% per year.

Shochiku Co Gross Margin % Historical Data

The historical data trend for Shochiku 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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Shochiku Co Gross Margin % Chart

Shochiku Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Gross Margin %

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42.13

36.50

35.40

40.81

42.11

Shochiku 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															42.65	44.37	40.54	39.79	43.17

Competitive Comparison of Shochiku Co's Gross Margin %

For the Entertainment subindustry, Shochiku 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.

Shochiku Co's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shochiku Co's Gross Margin % distribution charts can be found below:

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

Shochiku Co Gross Margin % Calculation

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

Shochiku Co's Gross Margin for the fiscal year that ended in Feb. 2024 is calculated as

Gross Margin % (A: Feb. 2024 )	=	Gross Profit (A: Feb. 2024 )	/	Revenue (A: Feb. 2024 )
	=	35977	/	85428
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(85428 - 49451)	/	85428
	=	42.11 %

Shochiku 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 )
	=	9914	/	22964
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(22964 - 13050)	/	22964
	=	43.17 %

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.

Shochiku Co (TSE:9601) 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

Shochiku Co had a gross margin of 43.17% for the quarter that ended in Feb. 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.

Shochiku Co Gross Margin % Related Terms

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Shochiku Co (TSE:9601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shochiku Co Ltd (TSE:9601) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Togeki Building 4-1-1 Tsukiji, Chuo-ku, Tokyo, JPN, 104-8422

Website

http://www.shochiku.co.jp

Shochiku Co Ltd is a diversified media company that primarily operates in the film and production industry. The company has four business segments, which include motion picture, theatre, real estate, and other. The motion picture business produces and distributes television and feature film content. Additionally, the company licenses content domestically and internationally. The theatre segment plans, produces, and promotes kabuki presentations. The real estate business segment owns and leases development properties. The other business largely focuses on merchandise sales. The company earns the vast majority of its revenue in Japan.

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