GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sangsin Brake Co Ltd (XKRX:041650) » Definitions » Gross Margin %

Sangsin Brake Co (XKRX:041650) Gross Margin % : 19.22% (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Sangsin Brake Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sangsin Brake Co's Gross Profit for the three months ended in Mar. 2024 was ₩27,604 Mil. Sangsin Brake Co's Revenue for the three months ended in Mar. 2024 was ₩143,636 Mil. Therefore, Sangsin Brake Co's Gross Margin % for the quarter that ended in Mar. 2024 was 19.22%.

Warning Sign:

Sangsin Brake Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.8%.


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

XKRX:041650' s Gross Margin % Range Over the Past 10 Years
Min: 19.36   Med: 22.05   Max: 25.38
Current: 19.53


During the past 13 years, the highest Gross Margin % of Sangsin Brake Co was 25.38%. The lowest was 19.36%. And the median was 22.05%.

XKRX:041650's Gross Margin % is ranked worse than
51.26% of 1272 companies
in the Vehicles & Parts industry
Industry Median: 19.895 vs XKRX:041650: 19.53

Sangsin Brake Co had a gross margin of 19.22% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sangsin Brake Co was -2.80% per year.


Sangsin Brake Co Gross Margin % Historical Data

The historical data trend for Sangsin Brake 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.

Sangsin Brake Co Gross Margin % Chart

Sangsin Brake 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 22.06 20.48 20.91 20.14 19.36

Sangsin Brake Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 18.44 19.21 20.18 19.48 19.22

Competitive Comparison of Sangsin Brake Co's Gross Margin %

For the Auto Parts subindustry, Sangsin Brake 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.


Sangsin Brake Co's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sangsin Brake Co's Gross Margin % distribution charts can be found below:

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



Sangsin Brake Co Gross Margin % Calculation

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

Sangsin Brake 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 )
=111396.2 / 575491.185
=(Revenue - Cost of Goods Sold) / Revenue
=(575491.185 - 464094.99) / 575491.185
=19.36 %

Sangsin Brake Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=27604.2 / 143636.366
=(Revenue - Cost of Goods Sold) / Revenue
=(143636.366 - 116032.201) / 143636.366
=19.22 %

* 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.


Sangsin Brake Co  (XKRX:041650) 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

Sangsin Brake Co had a gross margin of 19.22% for the quarter that ended in Mar. 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.


Sangsin Brake Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Sangsin Brake Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sangsin Brake Co (XKRX:041650) Business Description

Traded in Other Exchanges
N/A
Address
1-37, Buk-ri, Nongong-eup, Dalseong-gun, Daegu, KOR, 711-713
Sangsin Brake Co Ltd is engaged in manufacturing of brake parts in South Korea. Its products include brake pads, brake shoe assemblies, brake assemblies, brake linings, rail brakes, retarders, tuning parts, yaw brakes, brake systems, brake discs and drums, and brake parts.

Sangsin Brake Co (XKRX:041650) Headlines

No Headlines