KONE Oyj (FRA:KC4) Gross Margin % : 13.00% (As of Mar. 2024)

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What is KONE Oyj Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. KONE Oyj's Gross Profit for the three months ended in Mar. 2024 was €334 Mil. KONE Oyj's Revenue for the three months ended in Mar. 2024 was €2,568 Mil. Therefore, KONE Oyj's Gross Margin % for the quarter that ended in Mar. 2024 was 13.00%.

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

FRA:KC4' s Gross Margin % Range Over the Past 10 Years
Min: 11.49 Med: 14.54 Max: 53.64
Current: 53.64

During the past 13 years, the highest Gross Margin % of KONE Oyj was 53.64%. The lowest was 11.49%. And the median was 14.54%.

FRA:KC4's Gross Margin % is ranked better than
93.66% of 2935 companies
in the Industrial Products industry
Industry Median: 26.42 vs FRA:KC4: 53.64

KONE Oyj had a gross margin of 13.00% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for KONE Oyj was 40.90% per year.

KONE Oyj Gross Margin % Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj Gross Margin % Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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11.94

52.63

51.48

50.69

53.41

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															11.85	12.24	14.00	171.35	13.00

Competitive Comparison of KONE Oyj's Gross Margin %

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.

KONE Oyj's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's Gross Margin % distribution charts can be found below:

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

KONE Oyj Gross Margin % Calculation

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

KONE Oyj'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 )
	=	5849.7	/	10952.3
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10952.3 - 5102.6)	/	10952.3
	=	53.41 %

KONE Oyj'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 )
	=	333.8	/	2568.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2568.2 - 2234.4)	/	2568.2
	=	13.00 %

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.

KONE Oyj (FRA:KC4) 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

KONE Oyj had a gross margin of 13.00% for the quarter that ended in Mar. 2024 => No sustainable 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.

KONE Oyj Gross Margin % Related Terms

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KONE Oyj (FRA:KC4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (FRA:KC4) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

KNYJY:USA KNYJF:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

KONE Oyj (FRA:KC4) Headlines

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