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KOAS CO (XKRX:071950) Gross Margin % : 34.54% (As of Mar. 2024)


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What is KOAS CO Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. KOAS CO's Gross Profit for the three months ended in Mar. 2024 was ₩8,156 Mil. KOAS CO's Revenue for the three months ended in Mar. 2024 was ₩23,614 Mil. Therefore, KOAS CO's Gross Margin % for the quarter that ended in Mar. 2024 was 34.54%.

Warning Sign:

KOAS CO LTD gross margin has been in long-term decline. The average rate of decline per year is -2.4%.


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

XKRX:071950' s Gross Margin % Range Over the Past 10 Years
Min: 20.98   Med: 26.08   Max: 32.37
Current: 26.88


During the past 13 years, the highest Gross Margin % of KOAS CO was 32.37%. The lowest was 20.98%. And the median was 26.08%.

XKRX:071950's Gross Margin % is ranked worse than
58.52% of 405 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.25 vs XKRX:071950: 26.88

KOAS CO had a gross margin of 34.54% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for KOAS CO was -2.40% per year.


KOAS CO Gross Margin % Historical Data

The historical data trend for KOAS 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.

KOAS CO Gross Margin % Chart

KOAS 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 28.35 26.15 20.98 24.10 26.01

KOAS 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 32.04 23.69 30.81 17.67 34.54

Competitive Comparison of KOAS CO's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, KOAS 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.


KOAS CO's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, KOAS CO's Gross Margin % distribution charts can be found below:

* The bar in red indicates where KOAS CO's Gross Margin % falls into.



KOAS CO Gross Margin % Calculation

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

KOAS 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 )
=19184.8 / 73746.192
=(Revenue - Cost of Goods Sold) / Revenue
=(73746.192 - 54561.362) / 73746.192
=26.01 %

KOAS 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 )
=8155.8 / 23614.177
=(Revenue - Cost of Goods Sold) / Revenue
=(23614.177 - 15458.402) / 23614.177
=34.54 %

* 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.


KOAS CO  (XKRX:071950) 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

KOAS CO had a gross margin of 34.54% for the quarter that ended in Mar. 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.


KOAS CO Gross Margin % Related Terms

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KOAS CO (XKRX:071950) Business Description

Traded in Other Exchanges
N/A
Address
17, Seonyu-ro 52-gil, Yeongdeungpo-gu, Seoul, KOR, 07222
KOAS CO LTD is a Korea based company engaged in manufacturing and selling office furniture. Its product portfolio such as executive furniture, conference table, classroom furniture, laboratory furniture, dormitory furniture, executive chairs, U.S. army furniture, sofa and multi-use chairs, among others. The organization sells its products in Korea, and also exports it to various other countries.

KOAS CO (XKRX:071950) Headlines

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