Katongyo Co (TSE:9869) Gross Margin % : 7.30% (As of Mar. 2024)

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What is Katongyo Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Katongyo Co's Gross Profit for the three months ended in Mar. 2024 was 円20,552 Mil. Katongyo Co's Revenue for the three months ended in Mar. 2024 was 円281,411 Mil. Therefore, Katongyo Co's Gross Margin % for the quarter that ended in Mar. 2024 was 7.30%.

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

TSE:9869' s Gross Margin % Range Over the Past 10 Years
Min: 6.46 Med: 6.65 Max: 7.1
Current: 7.1

During the past 13 years, the highest Gross Margin % of Katongyo Co was 7.10%. The lowest was 6.46%. And the median was 6.65%.

TSE:9869's Gross Margin % is ranked worse than
91.59% of 309 companies
in the Retail - Defensive industry
Industry Median: 22.74 vs TSE:9869: 7.10

Katongyo Co had a gross margin of 7.30% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

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

Katongyo Co Gross Margin % Historical Data

The historical data trend for Katongyo 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.

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Katongyo Co Gross Margin % Chart

Katongyo Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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6.66

6.64

6.54

6.93

7.10

Katongyo Co 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															7.40	7.01	7.05	7.03	7.30

Competitive Comparison of Katongyo Co's Gross Margin %

For the Food Distribution subindustry, Katongyo 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.

Katongyo Co's Gross Margin % Distribution in the Retail - Defensive Industry

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

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

Katongyo Co Gross Margin % Calculation

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

Katongyo Co's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	78027	/	1099391
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1099391 - 1021364)	/	1099391
	=	7.10 %

Katongyo Co'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 )
	=	20552	/	281411
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(281411 - 260859)	/	281411
	=	7.30 %

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.

Katongyo Co (TSE:9869) 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

Katongyo Co had a gross margin of 7.30% 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.

Katongyo Co Gross Margin % Related Terms

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Katongyo Co (TSE:9869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kato Sangyo Co Ltd (TSE:9869) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-20 Matsubara-cho, Nishinomiya-shi, JPN, 662-8543

Website

http://www.katosangyo.co.jp

Kato Sangyo Co Ltd is a food wholesale company that handles processed foods. The company is primarily located in Japan. The company segments its operations into room temperature distribution, low temperature distribution, alcoholic beverage distribution, and other. The room temperature distribution segment involves wholesale processed foods and confections. The low temperature distribution segment engages in wholesale low-temperature foods and agricultural products. The alcoholic beverage distribution segment operates in wholesale alcoholic beverages. The other segment relates to the company's logistic business and insurance agency business.

Katongyo Co (TSE:9869) Headlines

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