GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Coupang Inc (NYSE:CPNG) » Definitions » Gross Margin %

Coupang (Coupang) Gross Margin % : 25.61% (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Coupang Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Coupang's Gross Profit for the three months ended in Dec. 2023 was $1,680 Mil. Coupang's Revenue for the three months ended in Dec. 2023 was $6,561 Mil. Therefore, Coupang's Gross Margin % for the quarter that ended in Dec. 2023 was 25.61%.


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

CPNG' s Gross Margin % Range Over the Past 10 Years
Min: 4.67   Med: 16.54   Max: 25.39
Current: 25.39


During the past 6 years, the highest Gross Margin % of Coupang was 25.39%. The lowest was 4.67%. And the median was 16.54%.

CPNG's Gross Margin % is ranked worse than
70.8% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.74 vs CPNG: 25.39

Coupang had a gross margin of 25.61% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Coupang was 30.90% per year.


Coupang Gross Margin % Historical Data

The historical data trend for Coupang'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.

Coupang Gross Margin % Chart

Coupang Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 16.47 16.60 16.03 22.88 25.39

Coupang Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % 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 24.01 24.48 26.10 25.32 25.61

Competitive Comparison of Coupang's Gross Margin %

For the Internet Retail subindustry, Coupang'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.


Coupang's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Coupang's Gross Margin % distribution charts can be found below:

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



Coupang Gross Margin % Calculation

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

Coupang'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 )
=6190 / 24383
=(Revenue - Cost of Goods Sold) / Revenue
=(24383 - 18193) / 24383
=25.39 %

Coupang's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=1680.5 / 6561.026
=(Revenue - Cost of Goods Sold) / Revenue
=(6561.026 - 4880.528) / 6561.026
=25.61 %

* 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.


Coupang  (NYSE:CPNG) 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

Coupang had a gross margin of 25.61% for the quarter that ended in Dec. 2023 => 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.


Coupang Gross Margin % Related Terms

Thank you for viewing the detailed overview of Coupang's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Coupang (Coupang) Business Description

Traded in Other Exchanges
Address
720 Olive Way, Suite 600, Seattle, WA, USA, 05510
Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce primarily includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.
Executives
Tae Jung Kim officer: See Remarks 720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Svf Investments (uk) Ltd 10 percent owner 69 GROSVENOR STREET, LONDON X0 W1K3JP
Benjamin Sun director C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Greenoaks Capital Partners Llc director, 10 percent owner, other: See Remarks 4 ORINDA WAY BUILDING C, SUITE 200, ORINDA CA 94563
Pedro Franceschi director C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO,SONGPA-GU, SEOUL M5 05510
Hanseung Kang officer: Rep Director, Business Mngmt C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Ambereen Toubassy director 720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Harold Rogers officer: See Remarks C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jonathan D. Lee officer: Chief Accounting Officer ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Thuan Pham officer: Chief Technology Officer 1455 MARKET STREET 4TH FLOOR, SAN FRANCISCO CA 94103
Neil Mehta director 535 PACIFIC AVENUE, 4TH FLOOR, SAN FRANCISCO CA 94133
Kevin M Warsh director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Michael Parker officer: Chief Accounting Officer C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jason Child director C/O SPLUNK INC., 270 BRANNAN ST., SAN FRANCISCO CA 94107
Gaurav Anand officer: Chief Financial Officer C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510