Hanssak Co (XKRX:430690) Gross Margin % : 37.74% (As of Dec. 2023)

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What is Hanssak Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hanssak Co's Gross Profit for the three months ended in Dec. 2023 was ₩4,774 Mil. Hanssak Co's Revenue for the three months ended in Dec. 2023 was ₩12,650 Mil. Therefore, Hanssak Co's Gross Margin % for the quarter that ended in Dec. 2023 was 37.74%.

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

XKRX:430690' s Gross Margin % Range Over the Past 10 Years
Min: 36.01 Med: 40.64 Max: 47.11
Current: 38.64

During the past 4 years, the highest Gross Margin % of Hanssak Co was 47.11%. The lowest was 36.01%. And the median was 40.64%.

XKRX:430690's Gross Margin % is ranked worse than
54.09% of 2638 companies
in the Software industry
Industry Median: 41.845 vs XKRX:430690: 38.64

Hanssak Co had a gross margin of 37.74% for the quarter that ended in Dec. 2023 => Competition eroding margins

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

Hanssak Co Gross Margin % Historical Data

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

Hanssak Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

36.01

47.11

38.91

42.36

Hanssak Co Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Gross Margin %	27.00	46.54	42.14	37.74

Competitive Comparison of Hanssak Co's Gross Margin %

For the Software - Infrastructure subindustry, Hanssak 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.

Hanssak Co's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Hanssak Co's Gross Margin % distribution charts can be found below:

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

Hanssak Co Gross Margin % Calculation

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

Hanssak 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 )
	=	10205.6	/	24095.099
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(24095.099 - 13889.504)	/	24095.099
	=	42.36 %

Hanssak 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 )
	=	4773.7	/	12649.92
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12649.92 - 7876.259)	/	12649.92
	=	37.74 %

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.

Hanssak Co (XKRX:430690) 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

Hanssak Co had a gross margin of 37.74% 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.

Hanssak Co Gross Margin % Related Terms

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Hanssak Co (XKRX:430690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hanssak Co Ltd (XKRX:430690) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 401, 27, Digital-ro 34-gil, Guro-gu, Daeryung Post Tower No.3, Seoul, KOR

Website

http://www.hanssak.co.kr

Hanssak Co Ltd is an IT security company whose main business is application software development and supply. Their portfolio of products include manganese data transmission solution, password management solution, secure electronic fax solution, smart billing solution, and integrated control system.

Hanssak Co (XKRX:430690) Headlines

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