Ampacs (TPE:6743) Gross Margin % : 16.60% (As of Mar. 2024)

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What is Ampacs Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ampacs's Gross Profit for the three months ended in Mar. 2024 was NT$190 Mil. Ampacs's Revenue for the three months ended in Mar. 2024 was NT$1,145 Mil. Therefore, Ampacs's Gross Margin % for the quarter that ended in Mar. 2024 was 16.60%.

Warning Sign:

Ampacs Corp gross margin has been in long-term decline. The average rate of decline per year is -9.7%.

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

TPE:6743' s Gross Margin % Range Over the Past 10 Years
Min: 11.81 Med: 23.6 Max: 29.86
Current: 18

During the past 8 years, the highest Gross Margin % of Ampacs was 29.86%. The lowest was 11.81%. And the median was 23.60%.

TPE:6743's Gross Margin % is ranked worse than
65.01% of 2438 companies
in the Hardware industry
Industry Median: 24.405 vs TPE:6743: 18.00

Ampacs had a gross margin of 16.60% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ampacs was -9.70% per year.

Ampacs Gross Margin % Historical Data

The historical data trend for Ampacs'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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Ampacs Gross Margin % Chart

Ampacs Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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24.99

24.91

11.81

13.58

18.90

Ampacs 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															20.14	16.12	19.95	19.67	16.60

Competitive Comparison of Ampacs's Gross Margin %

For the Consumer Electronics subindustry, Ampacs'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.

Ampacs's Gross Margin % Distribution in the Hardware Industry

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

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

Ampacs Gross Margin % Calculation

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

Ampacs'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 )
	=	729.6	/	3861.301
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3861.301 - 3131.696)	/	3861.301
	=	18.90 %

Ampacs'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 )
	=	190.1	/	1144.829
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1144.829 - 954.765)	/	1144.829
	=	16.60 %

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.

Ampacs (TPE:6743) 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

Ampacs had a gross margin of 16.60% 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.

Ampacs Gross Margin % Related Terms

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Ampacs (TPE:6743) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ampacs Corp (TPE:6743) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 19-3, Sanchong Road, 3rd Floor, Nangang District, Taipei, TWN, 115601

Website

https://www.ampacscorp.com

Ampacs Corp is engaged in the designing and manufacturing of earphone products and plastic components for consumer electronics. The Company is mainly engaged in the design and manufacture of consumer electronics and the development of plastic components and molds. The company derives revenue from the sales of electronic goods. Its products include finished products components and accessories.

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