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P&S Mechanics Co (XKRX:460940) Gross Margin % : 60.85% (As of Sep. 2024)


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What is P&S Mechanics Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. P&S Mechanics Co's Gross Profit for the three months ended in Sep. 2024 was ₩868 Mil. P&S Mechanics Co's Revenue for the three months ended in Sep. 2024 was ₩1,427 Mil. Therefore, P&S Mechanics Co's Gross Margin % for the quarter that ended in Sep. 2024 was 60.85%.


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

XKRX:460940' s Gross Margin % Range Over the Past 10 Years
Min: 59.33   Med: 61.52   Max: 67.02
Current: 64.19


During the past 3 years, the highest Gross Margin % of P&S Mechanics Co was 67.02%. The lowest was 59.33%. And the median was 61.52%.

XKRX:460940's Gross Margin % is ranked better than
95.52% of 2413 companies
in the Hardware industry
Industry Median: 24.63 vs XKRX:460940: 64.19

P&S Mechanics Co had a gross margin of 60.85% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for P&S Mechanics Co was 0.00% per year.


P&S Mechanics Co Gross Margin % Historical Data

The historical data trend for P&S Mechanics 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.

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P&S Mechanics Co Gross Margin % Chart

P&S Mechanics Co Annual Data
Trend Dec21 Dec22 Dec23
Gross Margin %
59.33 67.02 61.52

P&S Mechanics Co Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial 54.05 66.66 65.25 62.33 60.85

Competitive Comparison of P&S Mechanics Co's Gross Margin %

For the Computer Hardware subindustry, P&S Mechanics 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.


P&S Mechanics Co's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, P&S Mechanics Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where P&S Mechanics Co's Gross Margin % falls into.



P&S Mechanics Co Gross Margin % Calculation

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

P&S Mechanics 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 )
=3696.8 / 6009.352
=(Revenue - Cost of Goods Sold) / Revenue
=(6009.352 - 2312.534) / 6009.352
=61.52 %

P&S Mechanics 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 )
=868.2 / 1426.876
=(Revenue - Cost of Goods Sold) / Revenue
=(1426.876 - 558.644) / 1426.876
=60.85 %

* 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.


P&S Mechanics Co  (XKRX:460940) 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

P&S Mechanics Co had a gross margin of 60.85% for the quarter that ended in Sep. 2024 => Durable 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.


P&S Mechanics Co Gross Margin % Related Terms

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P&S Mechanics Co Business Description

Traded in Other Exchanges
N/A
Address
70, Seonyu-ro, Suite 509, 3- ga, Munrae-dong, Woori Venture T, Yeongdeungpo-gu, Seoul, KOR
P&S Mechanics Co Ltd operates in research and development, manufacture and sale of rehabilitation robots. The company makes medical robots. The company's product robots include Walkbot_K, Walkbot_G, Walkbot_P, Walkbot_S, and others.

P&S Mechanics Co Headlines

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