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C-Site Co (XKRX:109670) Gross Margin % : 19.25% (As of Dec. 2023)


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What is C-Site Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. C-Site Co's Gross Profit for the six months ended in Dec. 2023 was ₩14,670 Mil. C-Site Co's Revenue for the six months ended in Dec. 2023 was ₩76,212 Mil. Therefore, C-Site Co's Gross Margin % for the quarter that ended in Dec. 2023 was 19.25%.


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

XKRX:109670' s Gross Margin % Range Over the Past 10 Years
Min: 18.37   Med: 21.51   Max: 23.8
Current: 19.92


During the past 4 years, the highest Gross Margin % of C-Site Co was 23.80%. The lowest was 18.37%. And the median was 21.51%.

XKRX:109670's Gross Margin % is ranked worse than
60.58% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.685 vs XKRX:109670: 19.92

C-Site Co had a gross margin of 19.25% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for C-Site Co was 0.00% per year.


C-Site Co Gross Margin % Historical Data

The historical data trend for C-Site 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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C-Site Co Gross Margin % Chart

C-Site Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
18.37 23.09 23.80 19.92

C-Site Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Gross Margin % 22.92 24.99 20.59 19.25

Competitive Comparison of C-Site Co's Gross Margin %

For the Apparel Manufacturing subindustry, C-Site 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.


C-Site Co's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, C-Site Co's Gross Margin % distribution charts can be found below:

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



C-Site Co Gross Margin % Calculation

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

C-Site 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 )
=30336.6 / 152290.473
=(Revenue - Cost of Goods Sold) / Revenue
=(152290.473 - 121953.87) / 152290.473
=19.92 %

C-Site 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 )
=14670.1 / 76211.728
=(Revenue - Cost of Goods Sold) / Revenue
=(76211.728 - 61541.642) / 76211.728
=19.25 %

* 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.

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.


C-Site Co  (XKRX:109670) 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

C-Site Co had a gross margin of 19.25% 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.


C-Site Co Gross Margin % Related Terms

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C-Site Co (XKRX:109670) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
625 Teheran-ro, Gangnam-gu, Samseong-dong, Seoul, KOR
C-Site Co Ltd is a clothing manufacturing company that produces knit clothing using Original Equipment Manufacturing and some Original Development Manufacturing methods. Their main product is KNIT, and most of the sales are made through the OEM method. Major customers include GAP, American Eagle Outfitters, H & M Hennes & Mauritz AB, and all products are manufactured and exported from overseas subsidiaries.

C-Site Co (XKRX:109670) Headlines

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