Mullion Co (TSE:3494) Gross Margin % : 54.74% (As of Dec. 2023)

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What is Mullion Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Mullion Co's Gross Profit for the three months ended in Dec. 2023 was 円231 Mil. Mullion Co's Revenue for the three months ended in Dec. 2023 was 円422 Mil. Therefore, Mullion Co's Gross Margin % for the quarter that ended in Dec. 2023 was 54.74%.

Warning Sign:

Mullion Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.3%.

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

TSE:3494' s Gross Margin % Range Over the Past 10 Years
Min: 30.15 Med: 41.44 Max: 47.6
Current: 47.6

During the past 8 years, the highest Gross Margin % of Mullion Co was 47.60%. The lowest was 30.15%. And the median was 41.44%.

TSE:3494's Gross Margin % is ranked better than
61.09% of 1655 companies
in the Real Estate industry
Industry Median: 36.38 vs TSE:3494: 47.60

Mullion Co had a gross margin of 54.74% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Mullion Co was -3.30% per year.

Mullion Co Gross Margin % Historical Data

The historical data trend for Mullion 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.

Mullion Co Gross Margin % Chart

Mullion Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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39.90

30.15

45.68

37.95

32.28

Mullion 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															23.17	49.69	50.21	34.65	54.74

Competitive Comparison of Mullion Co's Gross Margin %

For the Real Estate Services subindustry, Mullion 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.

Mullion Co's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mullion Co's Gross Margin % distribution charts can be found below:

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

Mullion Co Gross Margin % Calculation

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

Mullion 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 )
	=	906.5	/	2808.087
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2808.087 - 1901.582)	/	2808.087
	=	32.28 %

Mullion 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 )
	=	230.9	/	421.863
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(421.863 - 190.948)	/	421.863
	=	54.74 %

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.

Mullion Co (TSE:3494) 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

Mullion Co had a gross margin of 54.74% for the quarter that ended in Dec. 2023 => Durable 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.

Mullion Co Gross Margin % Related Terms

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Mullion Co (TSE:3494) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mullion Co Ltd (TSE:3494) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Tomihisacho, Shinjuku-ku, Tokyo, JPN, 162-0067

Website

https://www.mullion.co.jp

Mullion Co Ltd is a Japanese real estate company. The company is engaged in leasing and managing a real estate rental property, and also engaged in the origination and placement of securitization products derived from real estate rental cash flow.

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