Kumho Petro Chemical's gross profit for the
three
months ended in Mar. 2024 was ₩148,689 Mil. Kumho Petro Chemical's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ₩598,333 Mil.
Kumho Petro Chemical had a gross margin of 8.92% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Kumho Petro Chemical was 31.89%. The lowest was 7.28%. And the median was 10.78%.
Kumho Petro Chemical Gross Profit Historical Data
The historical data trend for Kumho Petro Chemical'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.
Competitive Comparison of Kumho Petro Chemical's Gross Profit
For the Specialty Chemicals subindustry, Kumho Petro Chemical'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.
Kumho Petro Chemical's Gross Profit Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kumho Petro Chemical's Gross Profit distribution charts can be found below:
* The bar in red indicates where Kumho Petro Chemical's Gross Profit falls into.
Kumho Petro Chemical Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Kumho Petro Chemical's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 ₩598,333 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Kumho Petro Chemical (XKRX:011780) 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
Kumho Petro Chemical had a gross margin of 8.92% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Kumho Petro Chemical Gross Profit Related Terms
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Kumho Petro Chemical (XKRX:011780) Business Description
Kumho Petro Chemical Ltd is a manufacturer of synthetic rubbers, and does business in synthetic resins, specialty chemicals, electronic materials, nanocarbon, energy, and building materials. The synthetic rubber business constitutes the largest portion of the company's revenue, and its products are applied to tires, shoes, auto parts, and other industrial applications. Kumho's main customers, under the rubber segment, are global tire manufacturers. Second to the rubber business in revenue, the synthetic resins business manufactures products used in auto parts, home appliances, beverage containers, and a host of other products. The company's revenue is largely derived from international exports, but the remainder of sales are executed in Korea.
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