Techtronic Industries Co (Techtronic Industries Co) Gross Margin % : 39.67% (As of Dec. 2023)

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What is Techtronic Industries Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Techtronic Industries Co's Gross Profit for the six months ended in Dec. 2023 was $2,718 Mil. Techtronic Industries Co's Revenue for the six months ended in Dec. 2023 was $6,852 Mil. Therefore, Techtronic Industries Co's Gross Margin % for the quarter that ended in Dec. 2023 was 39.67%.

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

TTNDY' s Gross Margin % Range Over the Past 10 Years
Min: 35.2 Med: 37.49 Max: 39.47
Current: 39.47

During the past 13 years, the highest Gross Margin % of Techtronic Industries Co was 39.47%. The lowest was 35.20%. And the median was 37.49%.

TTNDY's Gross Margin % is ranked better than
79.78% of 2937 companies
in the Industrial Products industry
Industry Median: 26.42 vs TTNDY: 39.47

Techtronic Industries Co had a gross margin of 39.67% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Techtronic Industries Co was 1.20% per year.

Techtronic Industries Co Gross Margin % Historical Data

The historical data trend for Techtronic Industries 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.

* Premium members only.

Techtronic Industries Co Gross Margin % Chart

Techtronic Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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37.73

38.25

38.79

39.33

39.47

Techtronic Industries Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															39.01	39.05	39.64	39.27	39.67

Competitive Comparison of Techtronic Industries Co's Gross Margin %

For the Tools & Accessories subindustry, Techtronic Industries 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.

Techtronic Industries Co's Gross Margin % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Techtronic Industries Co's Gross Margin % falls into.

Techtronic Industries Co Gross Margin % Calculation

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

Techtronic Industries Co'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 )
	=	5419.6	/	13731.411
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13731.411 - 8311.775)	/	13731.411
	=	39.47 %

Techtronic Industries Co'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 )
	=	2718	/	6851.947
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6851.947 - 4133.975)	/	6851.947
	=	39.67 %

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.

Techtronic Industries Co (OTCPK:TTNDY) 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

Techtronic Industries Co had a gross margin of 39.67% 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.

Techtronic Industries Co Gross Margin % Related Terms

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Techtronic Industries Co (Techtronic Industries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techtronic Industries Co Ltd (OTCPK:TTNDY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

TTNDF:USA 00669:Hong Kong TIB1:Germany

Address

51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.ttigroup.com

Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.