Kuraray Co (TSE:3405) Gross Margin % : 28.22% (As of Dec. 2023)

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What is Kuraray Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kuraray Co's Gross Profit for the three months ended in Dec. 2023 was 円58,294 Mil. Kuraray Co's Revenue for the three months ended in Dec. 2023 was 円206,564 Mil. Therefore, Kuraray Co's Gross Margin % for the quarter that ended in Dec. 2023 was 28.22%.

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

TSE:3405' s Gross Margin % Range Over the Past 10 Years
Min: 30.53 Med: 31.93 Max: 34.69
Current: 30.73

During the past 13 years, the highest Gross Margin % of Kuraray Co was 34.69%. The lowest was 30.53%. And the median was 31.93%.

TSE:3405's Gross Margin % is ranked better than
69.41% of 1507 companies
in the Chemicals industry
Industry Median: 22.25 vs TSE:3405: 30.73

Kuraray Co had a gross margin of 28.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Kuraray Co was -0.20% per year.

Kuraray Co Gross Margin % Historical Data

The historical data trend for Kuraray 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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Kuraray Co Gross Margin % Chart

Kuraray Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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31.38

30.53

32.43

31.95

30.73

Kuraray 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															28.52	32.42	30.53	31.99	28.22

Competitive Comparison of Kuraray Co's Gross Margin %

For the Chemicals subindustry, Kuraray 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.

Kuraray Co's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kuraray Co's Gross Margin % distribution charts can be found below:

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

Kuraray Co Gross Margin % Calculation

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

Kuraray 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 )
	=	239982	/	780938
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(780938 - 540956)	/	780938
	=	30.73 %

Kuraray 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 )
	=	58294	/	206564
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(206564 - 148270)	/	206564
	=	28.22 %

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.

Kuraray Co (TSE:3405) 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

Kuraray Co had a gross margin of 28.22% 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.

Kuraray Co Gross Margin % Related Terms

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Kuraray Co (TSE:3405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kuraray Co Ltd (TSE:3405) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

KURRY:USA KURRF:USA KUY:Germany

Address

Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8115

Website

http://www.kuraray.co.jp

Kuraray Co Ltd manufactures and sells specialty chemicals, fiber, and resin. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the most revenue of any segment, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Fibers and Textiles segment sells fibers for cement and concrete, industrial products for automobiles, and hook and loop fasteners for clothing. The other two segments are Trading, and Other. The majority of revenue comes from Asia.

Kuraray Co (TSE:3405) Headlines

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