The historical rank and industry rank for Korean Air Lines Co's Gross Margin % or its related term are showing as below:
XKRX:003495'
s Gross Margin % Range Over the Past 10 Years
Min: 9.99 Med: 17.47 Max: 27.32
Current: 20
During the past 13 years, the highestGross Margin % of Korean Air Lines Co was 27.32%. The lowest was 9.99%. And the median was 17.47%.
XKRX:003495's Gross Margin % is ranked better than 50.32% of 944
companies
in the Transportation industry
Industry Median: 19.83
vs XKRX:003495: 20.00
Korean Air Lines Co had a gross margin of 22.87% for the quarter that ended in Sep. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Korean Air Lines Co was 14.20% per year.
Korean Air Lines Co Gross Margin % Historical Data
The historical data trend for Korean Air Lines 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.
Competitive Comparison of Korean Air Lines Co's Gross Margin %
For the Airlines subindustry, Korean Air Lines 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.
Korean Air Lines Co's Gross Margin % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Korean Air Lines Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Korean Air Lines Co's Gross Margin % falls into.
* 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.
Korean Air Lines Co (XKRX:003495) 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
Korean Air Lines Co had a gross margin of 22.87% 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.
Korean Air Lines Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Korean Air Lines Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.
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