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JI-Tech Co (XKRX:417500) Gross Profit : ₩17,174 Mil (TTM As of Sep. 2024)


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What is JI-Tech Co Gross Profit?

JI-Tech Co's gross profit for the three months ended in Sep. 2024 was ₩3,753 Mil. JI-Tech Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ₩17,174 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. JI-Tech Co's gross profit for the three months ended in Sep. 2024 was ₩3,753 Mil. JI-Tech Co's Revenue for the three months ended in Sep. 2024 was ₩13,233 Mil. Therefore, JI-Tech Co's Gross Margin % for the quarter that ended in Sep. 2024 was 28.36%.

JI-Tech Co had a gross margin of 28.36% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 6 years, the highest Gross Margin % of JI-Tech Co was 38.78%. The lowest was 21.85%. And the median was 32.09%.

Warning Sign:

JI-Tech Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -6.4%.


JI-Tech Co Gross Profit Historical Data

The historical data trend for JI-Tech 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.

JI-Tech Co Gross Profit Chart

JI-Tech Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 6,105.37 7,007.35 7,949.51 14,917.47 10,453.53

JI-Tech Co Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,212.67 3,718.82 4,106.39 5,595.84 3,753.22

Competitive Comparison of JI-Tech Co's Gross Profit

For the Semiconductor Equipment & Materials subindustry, JI-Tech 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.


JI-Tech Co's Gross Profit Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, JI-Tech Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where JI-Tech Co's Gross Profit falls into.



JI-Tech Co Gross Profit Calculation

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

JI-Tech 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
=43362.685 - 32909.158
=10,454

JI-Tech Co's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=13233.027 - 9479.805
=3,753

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩17,174 Mil.

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

JI-Tech 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 )
=(Revenue - Cost of Goods Sold) / Revenue
=3,753 / 13233.027
=28.36 %

* 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.


JI-Tech Co  (XKRX:417500) 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

JI-Tech Co had a gross margin of 28.36% for the quarter that ended in Sep. 2024 => Competition eroding margins


JI-Tech Co Gross Profit Related Terms

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JI-Tech Co Business Description

Traded in Other Exchanges
N/A
Address
16, Junggado-gil, Jeollabuk-do, Gunsan-si, KOR
JI-Tech Co Ltd engages in the manufacturing of ultra-fine precursors for semiconductors. It operates plasticized material manufacturing businesses. Its product offering includes precursors, mask cases, and other products.

JI-Tech Co Headlines

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