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Abco Electronics Co (XKRX:036010) Gross Margin % : 6.76% (As of Sep. 2024)


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What is Abco Electronics Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Abco Electronics Co's Gross Profit for the three months ended in Sep. 2024 was ₩2,027 Mil. Abco Electronics Co's Revenue for the three months ended in Sep. 2024 was ₩30,002 Mil. Therefore, Abco Electronics Co's Gross Margin % for the quarter that ended in Sep. 2024 was 6.76%.


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

XKRX:036010' s Gross Margin % Range Over the Past 10 Years
Min: 5.71   Med: 14.68   Max: 23.05
Current: 6


During the past 13 years, the highest Gross Margin % of Abco Electronics Co was 23.05%. The lowest was 5.71%. And the median was 14.68%.

XKRX:036010's Gross Margin % is ranked worse than
91.3% of 2414 companies
in the Hardware industry
Industry Median: 24.615 vs XKRX:036010: 6.00

Abco Electronics Co had a gross margin of 6.76% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Abco Electronics Co was -0.90% per year.


Abco Electronics Co Gross Margin % Historical Data

The historical data trend for Abco Electronics 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.

Abco Electronics Co Gross Margin % Chart

Abco Electronics 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 5.71 6.92 9.84 15.07 6.97

Abco Electronics 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 7.30 3.73 5.36 7.81 6.76

Competitive Comparison of Abco Electronics Co's Gross Margin %

For the Electronic Components subindustry, Abco Electronics 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.


Abco Electronics Co's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Abco Electronics Co's Gross Margin % distribution charts can be found below:

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



Abco Electronics Co Gross Margin % Calculation

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

Abco Electronics 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 )
=8720.8 / 125029.848
=(Revenue - Cost of Goods Sold) / Revenue
=(125029.848 - 116309.047) / 125029.848
=6.97 %

Abco Electronics 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 )
=2026.8 / 30001.53
=(Revenue - Cost of Goods Sold) / Revenue
=(30001.53 - 27974.758) / 30001.53
=6.76 %

* 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.


Abco Electronics Co  (XKRX:036010) 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

Abco Electronics Co had a gross margin of 6.76% for the quarter that ended in Sep. 2024 => No sustainable 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.


Abco Electronics Co Gross Margin % Related Terms

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Abco Electronics Co Business Description

Traded in Other Exchanges
N/A
Address
5448-4 Sangdaewon-Dong, Jungwon-Gu, Seongnam, Kyeonggi-Do, KOR, 462-120
Abco Electronics Co Ltd operates in the electronic components industry in South Korea. The company is engaged in manufacturing of electronic components like inductors, capacitors, and coils.

Abco Electronics Co Headlines

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