GSE Co (XKRX:053050) Gross Margin % : 13.85% (As of Dec. 2023)

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What is GSE Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GSE Co's Gross Profit for the three months ended in Dec. 2023 was ₩7,324 Mil. GSE Co's Revenue for the three months ended in Dec. 2023 was ₩52,886 Mil. Therefore, GSE Co's Gross Margin % for the quarter that ended in Dec. 2023 was 13.85%.

Warning Sign:

GSE Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.1%.

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

XKRX:053050' s Gross Margin % Range Over the Past 10 Years
Min: 13.99 Med: 18.12 Max: 21.44
Current: 16.89

During the past 13 years, the highest Gross Margin % of GSE Co was 21.44%. The lowest was 13.99%. And the median was 18.12%.

XKRX:053050's Gross Margin % is ranked worse than
72.31% of 502 companies
in the Utilities - Regulated industry
Industry Median: 29.185 vs XKRX:053050: 16.89

GSE Co had a gross margin of 13.85% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for GSE Co was -2.10% per year.

GSE Co Gross Margin % Historical Data

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

GSE Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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17.70

20.53

20.06

16.25

16.89

GSE 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															11.30	14.79	23.57	21.60	13.85

Competitive Comparison of GSE Co's Gross Margin %

For the Utilities - Regulated Gas subindustry, GSE 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.

GSE Co's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, GSE Co's Gross Margin % distribution charts can be found below:

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

GSE Co Gross Margin % Calculation

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

GSE 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 )
	=	28498.9	/	168759.675
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(168759.675 - 140260.821)	/	168759.675
	=	16.89 %

GSE 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 )
	=	7324.3	/	52886.089
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(52886.089 - 45561.835)	/	52886.089
	=	13.85 %

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.

GSE Co (XKRX:053050) 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

GSE Co had a gross margin of 13.85% for the quarter that ended in Dec. 2023 => No sustainable 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.

GSE Co Gross Margin % Related Terms

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

GSE Co (XKRX:053050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » GSE Co Ltd (XKRX:053050) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

412-30, Gum-dongno, Sacheon-eup, Gyeongsangnam-do, Sacheon-si, KOR, 151-706

Website

http://www.yesgse.com

GSE Co Ltd is a Korea based company engaged in the city gas supply business. The business includes the supply of natural gas as a raw material and supply of city gas to the demander. It supplies city gas such as Liquefied natural gas (LNG).

GSE Co (XKRX:053050) Headlines

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