Jay Jalaram Technologies (NSE:KORE) Gross Margin % : 9.24% (As of Sep. 2023)

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What is Jay Jalaram Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jay Jalaram Technologies's Gross Profit for the six months ended in Sep. 2023 was ₹202 Mil. Jay Jalaram Technologies's Revenue for the six months ended in Sep. 2023 was ₹2,188 Mil. Therefore, Jay Jalaram Technologies's Gross Margin % for the quarter that ended in Sep. 2023 was 9.24%.

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

NSE:KORE' s Gross Margin % Range Over the Past 10 Years
Min: 5.91 Med: 6.56 Max: 7.57
Current: 6.71

During the past 5 years, the highest Gross Margin % of Jay Jalaram Technologies was 7.57%. The lowest was 5.91%. And the median was 6.56%.

NSE:KORE's Gross Margin % is ranked worse than
93.89% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.455 vs NSE:KORE: 6.71

Jay Jalaram Technologies had a gross margin of 9.24% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Jay Jalaram Technologies was 0.00% per year.

Jay Jalaram Technologies Gross Margin % Historical Data

The historical data trend for Jay Jalaram Technologies'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.

Jay Jalaram Technologies Gross Margin % Chart

Jay Jalaram Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

6.17

7.32

7.57

6.56

5.91

Jay Jalaram Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial			10.12	3.43	9.83	2.09	9.24

Competitive Comparison of Jay Jalaram Technologies's Gross Margin %

For the Internet Retail subindustry, Jay Jalaram Technologies'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.

Jay Jalaram Technologies's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jay Jalaram Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Jay Jalaram Technologies's Gross Margin % falls into.

Jay Jalaram Technologies Gross Margin % Calculation

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

Jay Jalaram Technologies's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	139.3	/	2358.538
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2358.538 - 2219.191)	/	2358.538
	=	5.91 %

Jay Jalaram Technologies's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	202.2	/	2188.375
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2188.375 - 1986.172)	/	2188.375
	=	9.24 %

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.

Jay Jalaram Technologies (NSE:KORE) 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

Jay Jalaram Technologies had a gross margin of 9.24% for the quarter that ended in Sep. 2023 => 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.

Jay Jalaram Technologies Gross Margin % Related Terms

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Jay Jalaram Technologies (NSE:KORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jay Jalaram Technologies Ltd (NSE:KORE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shilp Char Rasta, C. G. Road, Office No.103, Shail Mall, B/H. Girish Cold Drink, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.koremobiles.com

Jay Jalaram Technologies Ltd is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi. It is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs, Air Conditioners, Fridges, Coolers, etc. from brands like TCL, Haier, Daikin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron. The company operates under the brand name Kore Mobile. The company operates in two segments; Electronic Gadgets and Electric Vehicles. The Majority of revenue is derived from the Trading of the Electronic Gadgets Segment.