Itoki (TSE:7972) Gross Margin % : 38.85% (As of Dec. 2023)

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What is Itoki Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Itoki's Gross Profit for the three months ended in Dec. 2023 was 円14,037 Mil. Itoki's Revenue for the three months ended in Dec. 2023 was 円36,128 Mil. Therefore, Itoki's Gross Margin % for the quarter that ended in Dec. 2023 was 38.85%.

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

TSE:7972' s Gross Margin % Range Over the Past 10 Years
Min: 34.11 Med: 35.9 Max: 39.28
Current: 39.28

During the past 13 years, the highest Gross Margin % of Itoki was 39.28%. The lowest was 34.11%. And the median was 35.90%.

TSE:7972's Gross Margin % is ranked better than
76.28% of 409 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.3 vs TSE:7972: 39.28

Itoki had a gross margin of 38.85% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Itoki was 2.50% per year.

Itoki Gross Margin % Historical Data

The historical data trend for Itoki'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.

Itoki Gross Margin % Chart

Itoki Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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34.11

36.05

35.99

37.10

39.28

Itoki 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															35.91	39.90	39.30	39.01	38.85

Competitive Comparison of Itoki's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Itoki'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.

Itoki's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Itoki's Gross Margin % distribution charts can be found below:

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

Itoki Gross Margin % Calculation

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

Itoki'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 )
	=	52240	/	132985
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(132985 - 80745)	/	132985
	=	39.28 %

Itoki'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 )
	=	14037	/	36128
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(36128 - 22091)	/	36128
	=	38.85 %

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.

Itoki (TSE:7972) 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

Itoki had a gross margin of 38.85% 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.

Itoki Gross Margin % Related Terms

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Itoki (TSE:7972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Itoki Corp (TSE:7972) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1 Nihonbashi, Chuo-ku, Osaka, JPN, 103-6113

Website

http://www.itoki.jp

Itoki Corp is engaged in the manufacturing and selling of office furniture, facilities equipment, and other related products. Its product portfolio consists of steel and wooden furniture, iron doors, and safe-deposit boxes, as well as office supplies and equipment, and store furniture and equipment. The company is also involved in the provision of maintenance services; and the execution and management of construction projects.

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