Yamaha (TSE:7951) Gross Margin % : 38.45% (As of Dec. 2023)

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What is Yamaha Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Yamaha's Gross Profit for the three months ended in Dec. 2023 was 円46,972 Mil. Yamaha's Revenue for the three months ended in Dec. 2023 was 円122,160 Mil. Therefore, Yamaha's Gross Margin % for the quarter that ended in Dec. 2023 was 38.45%.

Warning Sign:

Yamaha Corp gross margin has been in long-term decline. The average rate of decline per year is -1.7%.

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

TSE:7951' s Gross Margin % Range Over the Past 10 Years
Min: 36.07 Med: 39.05 Max: 41.21
Current: 37.33

During the past 13 years, the highest Gross Margin % of Yamaha was 41.21%. The lowest was 36.07%. And the median was 39.05%.

TSE:7951's Gross Margin % is ranked worse than
59.58% of 767 companies
in the Travel & Leisure industry
Industry Median: 43.25 vs TSE:7951: 37.33

Yamaha had a gross margin of 38.45% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Yamaha was -1.70% per year.

Yamaha Gross Margin % Historical Data

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

Yamaha Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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41.21

40.62

38.35

37.91

Yamaha 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															38.76	35.66	37.29	37.82	38.45

Competitive Comparison of Yamaha's Gross Margin %

For the Leisure subindustry, Yamaha'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.

Yamaha's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Yamaha's Gross Margin % distribution charts can be found below:

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

Yamaha Gross Margin % Calculation

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

Yamaha'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 )
	=	171139	/	451410
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(451410 - 280271)	/	451410
	=	37.91 %

Yamaha'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 )
	=	46972	/	122160
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(122160 - 75188)	/	122160
	=	38.45 %

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.

Yamaha (TSE:7951) 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

Yamaha had a gross margin of 38.45% 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.

Yamaha Gross Margin % Related Terms

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Yamaha (TSE:7951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Yamaha Corp (TSE:7951) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

YAMCY:USA YAMCF:USA YHA:Germany

Address

10-1, Nakazawa-cho, Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8650

Website

https://www.yamaha.com

Yamaha is a Japanese manufacturer of musical instruments and audio equipment. The company organises itself into four segments, based on product type: musical instruments, audio equipment, electronic devices, and other. Sales in the musical instruments and audio equipment segments constitute the vast majority of consolidated revenue. The musical instruments segment, which contributes more than half of company revenue, includes pianos, wind, string, percussion, and digital music instruments, and music schools. Audio equipment includes AV receivers, amplifiers, speakers, commercial karaoke equipment, and conference systems. The company derives around a third of its revenue domestically, with North America, Europe, and China the next most significant geographies.

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