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K Way Co (ROCO:5201) Gross Profit : NT$109.9 Mil (TTM As of Mar. 2024)


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What is K Way Co Gross Profit?

K Way Co's gross profit for the three months ended in Mar. 2024 was NT$20.8 Mil. K Way Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was NT$109.9 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. K Way Co's gross profit for the three months ended in Mar. 2024 was NT$20.8 Mil. K Way Co's Revenue for the three months ended in Mar. 2024 was NT$103.3 Mil. Therefore, K Way Co's Gross Margin % for the quarter that ended in Mar. 2024 was 20.17%.

K Way Co had a gross margin of 20.17% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of K Way Co was 58.19%. The lowest was 39.52%. And the median was 48.62%.

Warning Sign:

K Way Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.6%.


K Way Co Gross Profit Historical Data

The historical data trend for K Way Co's Gross Profit 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.

K Way Co Gross Profit Chart

K Way Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.35 180.34 113.34 94.65 112.49

K Way Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit 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 23.40 26.56 37.92 24.61 20.83

Competitive Comparison of K Way Co's Gross Profit

For the Software - Application subindustry, K Way Co's Gross Profit, along with its competitors' market caps and Gross Profit 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.


K Way Co's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, K Way Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where K Way Co's Gross Profit falls into.



K Way Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

K Way Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=227.357 - 114.866
=112.5

K Way Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=103.267 - 82.439
=20.8

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$109.9 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

K Way 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 )
=(Revenue - Cost of Goods Sold) / Revenue
=20.8 / 103.267
=20.17 %

* 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.


K Way Co  (ROCO:5201) Gross Profit 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

K Way Co had a gross margin of 20.17% for the quarter that ended in Mar. 2024 => Competition eroding margins


K Way Co Gross Profit Related Terms

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K Way Co (ROCO:5201) Business Description

Traded in Other Exchanges
N/A
Address
Guangfu North Road, Songshan District, 5th Floor, No. 35, Lane 11, Taipei, TWN
K Way Co Ltd operates as a software company in financial industry. The company is focuses on the development of key system software in the securities and financial industry for trading, settlement, market data, FIX, trading tools. It mainly offers stable and speedy trading system, cross platform system, database settlement system, money management system, investment account management system & others.

K Way Co (ROCO:5201) Headlines

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