CMIC HOLDINGS Co (TSE:2309) Gross Margin % : 22.70% (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is CMIC HOLDINGS Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CMIC HOLDINGS Co's Gross Profit for the three months ended in Dec. 2023 was 円4,106 Mil. CMIC HOLDINGS Co's Revenue for the three months ended in Dec. 2023 was 円18,087 Mil. Therefore, CMIC HOLDINGS Co's Gross Margin % for the quarter that ended in Dec. 2023 was 22.70%.

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

TSE:2309' s Gross Margin % Range Over the Past 10 Years
Min: 19.25 Med: 21.21 Max: 24.21
Current: 22.45

During the past 13 years, the highest Gross Margin % of CMIC HOLDINGS Co was 24.21%. The lowest was 19.25%. And the median was 21.21%.

TSE:2309's Gross Margin % is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 46.675 vs TSE:2309: 22.45

CMIC HOLDINGS Co had a gross margin of 22.70% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for CMIC HOLDINGS Co was 2.60% per year.

CMIC HOLDINGS Co Gross Margin % Historical Data

The historical data trend for CMIC 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.

* Premium members only.

CMIC HOLDINGS Co Gross Margin % Chart

CMIC HOLDINGS Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

Get a 7-Day Free Trial

21.66

19.25

20.66

24.21

23.59

CMIC HOLDINGS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															26.95	26.82	18.67	19.91	22.70

Competitive Comparison of CMIC HOLDINGS Co's Gross Margin %

For the Diagnostics & Research subindustry, CMIC 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.

CMIC HOLDINGS Co's Gross Margin % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, CMIC HOLDINGS Co's Gross Margin % distribution charts can be found below:

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

CMIC HOLDINGS Co Gross Margin % Calculation

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

CMIC HOLDINGS 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 )
	=	24702	/	104701
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(104701 - 79999)	/	104701
	=	23.59 %

CMIC HOLDINGS 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 )
	=	4106	/	18087
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(18087 - 13981)	/	18087
	=	22.70 %

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.

CMIC HOLDINGS Co (TSE:2309) 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

CMIC HOLDINGS Co had a gross margin of 22.70% 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.

CMIC HOLDINGS Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of CMIC HOLDINGS Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

CMIC HOLDINGS Co (TSE:2309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CMIC HOLDINGS Co Ltd (TSE:2309) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

https://www.cmicgroup.com

CMIC HOLDINGS Co Ltd is a Japan-based management consulting company. It contributes to the development of the medical and healthcare field. The company is mainly engaged in Contract Research Organization (CRO), Contract Development and Manufacturing (CDMO), Contract Sales Organization (CSO), Innovative Pharma Model (IPM) and healthcare business. CMIC support a wide range of pharmaceutical management services such as data management, statistical analysis, medicine consulting, medical writing, audit, and analytical tests, clinical trials for the medical and pharmaceutical industry, human resource services. It is also engaged in providing sales and marketing support for pharmaceuticals.

CMIC HOLDINGS Co (TSE:2309) Headlines

No Headlines