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Stormtec Co (XKRX:352090) Gross Margin % : 27.91% (As of Sep. 2024)


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What is Stormtec Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Stormtec Co's Gross Profit for the three months ended in Sep. 2024 was ₩4,863 Mil. Stormtec Co's Revenue for the three months ended in Sep. 2024 was ₩17,420 Mil. Therefore, Stormtec Co's Gross Margin % for the quarter that ended in Sep. 2024 was 27.91%.


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

XKRX:352090' s Gross Margin % Range Over the Past 10 Years
Min: 27.91   Med: 30.52   Max: 32.19
Current: 27.91


During the past 4 years, the highest Gross Margin % of Stormtec Co was 32.19%. The lowest was 27.91%. And the median was 30.52%.

XKRX:352090's Gross Margin % is ranked better than
52.84% of 2935 companies
in the Industrial Products industry
Industry Median: 26.72 vs XKRX:352090: 27.91

Stormtec Co had a gross margin of 27.91% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Stormtec Co was 0.00% per year.


Stormtec Co Gross Margin % Historical Data

The historical data trend for Stormtec 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.

Stormtec Co Gross Margin % Chart

Stormtec Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
32.19 29.90 31.13 28.26

Stormtec Co Quarterly Data
Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial 29.68 23.18 26.87 31.87 27.91

Competitive Comparison of Stormtec Co's Gross Margin %

For the Pollution & Treatment Controls subindustry, Stormtec 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.


Stormtec Co's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Stormtec Co's Gross Margin % distribution charts can be found below:

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



Stormtec Co Gross Margin % Calculation

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

Stormtec 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 )
=15589.7 / 55161.763
=(Revenue - Cost of Goods Sold) / Revenue
=(55161.763 - 39572.069) / 55161.763
=28.26 %

Stormtec 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 )
=4862.6 / 17420.339
=(Revenue - Cost of Goods Sold) / Revenue
=(17420.339 - 12557.732) / 17420.339
=27.91 %

* 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.


Stormtec Co  (XKRX:352090) 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

Stormtec Co had a gross margin of 27.91% 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.


Stormtec Co Gross Margin % Related Terms

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Stormtec Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
142, Hwagok-ro 68-gil, Gangseo-gu, Deungchon-dong, Seoul, KOR, 07551
Stormtec Co Ltd is a company that researches, develops, and manufactures liquid filters, including manufacturing and wholesale retail of household water purifier parts. The company is a connector that connects the pipes of water purifiers and drinking water machines, fittings used for water supply, drainage, and filter connections, valves that block water leaks in drinking water machines and control the flow path, and controls the water discharge from water purifiers and drinking water machines.

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