The historical rank and industry rank for Kirin Holdings Co's Gross Margin % or its related term are showing as below:
TSE:2503'
s Gross Margin % Range Over the Past 10 Years
Min: 42.47 Med: 43.63 Max: 45.53
Current: 45.14
During the past 13 years, the highestGross Margin % of Kirin Holdings Co was 45.53%. The lowest was 42.47%. And the median was 43.63%.
TSE:2503's Gross Margin % is ranked better than 64.73% of 207
companies
in the Beverages - Alcoholic industry
Industry Median: 38.78
vs TSE:2503: 45.14
Kirin Holdings Co had a gross margin of 46.15% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Kirin Holdings Co was 1.10% per year.
Kirin Holdings Co Gross Margin % Historical Data
The historical data trend for Kirin Holdings Co'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.
Competitive Comparison of Kirin Holdings Co's Gross Margin %
For the Beverages - Brewers subindustry, Kirin Holdings Co'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.
Kirin Holdings Co's Gross Margin % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Kirin Holdings Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kirin Holdings Co's Gross Margin % falls into.
* 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.
Kirin Holdings Co (TSE:2503) 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
Kirin Holdings Co had a gross margin of 46.15% for the quarter that ended in Dec. 2023 => Durable 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.
Kirin Holdings Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Kirin Holdings Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kirin is the second largest brewer by value in Japan, with an estimated 35.7% volume share in beer and beer-like category as of 2022. It holds a top share in happoshu (low-malt beer) and new genre (no-malt beer) categories. Apart from beer, it also operates a wide range of acholic and soft beverage products in Japan. It made several acquisitions including Lion Nathan and National Foods in Oceania, the Brazilian brewer Schincariol, and Myanmar Brewery, but has divested most of the acquired businesses except Lion. It has shifted focus back to the domestic brewery after a painful exit from Brazil in 2017 and identified craft beer and wellness as new growth drivers. Overseas business represents about 40% of group's sales. It also owns a 48.6% stake in the largest Filipino brewer San Miguel.
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