CMC Magnetics (TPE:2323) Gross Margin % : 24.05% (As of Dec. 2023)

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What is CMC Magnetics Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CMC Magnetics's Gross Profit for the three months ended in Dec. 2023 was NT$460 Mil. CMC Magnetics's Revenue for the three months ended in Dec. 2023 was NT$1,912 Mil. Therefore, CMC Magnetics's Gross Margin % for the quarter that ended in Dec. 2023 was 24.05%.

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

TPE:2323' s Gross Margin % Range Over the Past 10 Years
Min: 0.57 Med: 11.31 Max: 22.93
Current: 22.48

During the past 13 years, the highest Gross Margin % of CMC Magnetics was 22.93%. The lowest was 0.57%. And the median was 11.31%.

TPE:2323's Gross Margin % is ranked worse than
54.16% of 2439 companies
in the Hardware industry
Industry Median: 24.37 vs TPE:2323: 22.48

CMC Magnetics had a gross margin of 24.05% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for CMC Magnetics was 20.90% per year.

CMC Magnetics Gross Margin % Historical Data

The historical data trend for CMC Magnetics'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.

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CMC Magnetics Gross Margin % Chart

CMC Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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15.88

21.31

22.93

19.05

22.48

CMC Magnetics Quarterly Data
	Mar19	Jun19	Sep19	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															16.19	20.23	22.94	22.53	24.05

Competitive Comparison of CMC Magnetics's Gross Margin %

For the Computer Hardware subindustry, CMC Magnetics'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.

CMC Magnetics's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CMC Magnetics's Gross Margin % distribution charts can be found below:

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

CMC Magnetics Gross Margin % Calculation

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

CMC Magnetics'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 )
	=	1660.2	/	7384.447
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7384.447 - 5724.229)	/	7384.447
	=	22.48 %

CMC Magnetics'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 )
	=	459.9	/	1912.073
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1912.073 - 1452.167)	/	1912.073
	=	24.05 %

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.

CMC Magnetics (TPE:2323) 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

CMC Magnetics had a gross margin of 24.05% 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.

CMC Magnetics Gross Margin % Related Terms

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CMC Magnetics (TPE:2323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CMC Magnetics Corp (TPE:2323) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

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