Igloo (XKRX:067920) Gross Margin % : 70.50% (As of Dec. 2023)

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What is Igloo Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Igloo's Gross Profit for the three months ended in Dec. 2023 was ₩26,449 Mil. Igloo's Revenue for the three months ended in Dec. 2023 was ₩37,515 Mil. Therefore, Igloo's Gross Margin % for the quarter that ended in Dec. 2023 was 70.50%.

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

XKRX:067920' s Gross Margin % Range Over the Past 10 Years
Min: 87.53 Med: 89.23 Max: 95.34
Current: 89.65

During the past 13 years, the highest Gross Margin % of Igloo was 95.34%. The lowest was 87.53%. And the median was 89.23%.

XKRX:067920's Gross Margin % is ranked better than
93.73% of 989 companies
in the Business Services industry
Industry Median: 34.43 vs XKRX:067920: 89.65

Igloo had a gross margin of 70.50% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Igloo was -1.00% per year.

Igloo Gross Margin % Historical Data

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

Igloo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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88.59

90.68

88.81

87.53

89.65

Igloo 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															67.37	-	-	-	70.50

Competitive Comparison of Igloo's Gross Margin %

For the Security & Protection Services subindustry, Igloo'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.

Igloo's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Igloo's Gross Margin % distribution charts can be found below:

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

Igloo Gross Margin % Calculation

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

Igloo'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 )
	=	95889.5	/	106955.419
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(106955.419 - 11065.882)	/	106955.419
	=	89.65 %

Igloo'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 )
	=	26448.8	/	37514.661
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(37514.661 - 11065.882)	/	37514.661
	=	70.50 %

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.

Igloo (XKRX:067920) 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

Igloo had a gross margin of 70.50% 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.

Igloo Gross Margin % Related Terms

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Igloo (XKRX:067920) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Igloo Corp (XKRX:067920) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7, Jeongui-ro 8-gil, 6th Floor, Songpa-gu, Seoul, KOR, 135-090

Website

http://www.igloosec.co.kr

Igloo Corp is an information security company. It develops and offers various security solutions and services in diverse areas from network to endpoint. The company offered solutions including Spider TM, LIGER-1, Escort, KiMO, WEBMON and Smart(Guard). In addition, the organization also provides services such as managed security, security consulting, IGLOO school and SOC planning. The company's business areas are Solution business which comprises next-generation enterprise security management solution, physical security information management and security solution retails; Enterprise security management business which includes dispatched security management and training, remote control security management and managing security operation centers; and Security consulting business.

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