Hibino (TSE:2469) Gross Margin % : 36.87% (As of Dec. 2023)

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What is Hibino Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hibino's Gross Profit for the three months ended in Dec. 2023 was 円4,815 Mil. Hibino's Revenue for the three months ended in Dec. 2023 was 円13,059 Mil. Therefore, Hibino's Gross Margin % for the quarter that ended in Dec. 2023 was 36.87%.

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

TSE:2469' s Gross Margin % Range Over the Past 10 Years
Min: 24.17 Med: 33.51 Max: 35.82
Current: 35.82

During the past 13 years, the highest Gross Margin % of Hibino was 35.82%. The lowest was 24.17%. And the median was 33.51%.

TSE:2469's Gross Margin % is ranked better than
71.76% of 2440 companies
in the Hardware industry
Industry Median: 24.355 vs TSE:2469: 35.82

Hibino had a gross margin of 36.87% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Hibino was -0.90% per year.

Hibino Gross Margin % Historical Data

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

Hibino Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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32.37

33.56

24.17

31.79

33.89

Hibino 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															35.84	34.56	35.83	36.15	36.87

Competitive Comparison of Hibino's Gross Margin %

For the Consumer Electronics subindustry, Hibino'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.

Hibino's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hibino's Gross Margin % distribution charts can be found below:

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

Hibino Gross Margin % Calculation

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

Hibino's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	14207.1	/	41922.576
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(41922.576 - 27715.493)	/	41922.576
	=	33.89 %

Hibino'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 )
	=	4815	/	13059.151
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13059.151 - 8244.122)	/	13059.151
	=	36.87 %

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.

Hibino (TSE:2469) 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

Hibino had a gross margin of 36.87% 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.

Hibino Gross Margin % Related Terms

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Hibino (TSE:2469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hibino Corp (TSE:2469) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

3-5-14, Konan, Minato-ku, Tokyo, JPN, 108-0075

Website

https://www.hibino.co.jp

Hibino Corp produces and sells audio equipment in Japan. It offers products and services in the Audio-Visual field. Its business activities are divided into Hibino visual division is engaged in the planning of large screens and video systems used for concerts and events, equipment rental, and operation. Hibino sound division offers a sound system for the concert, equipment rental, recording of concerts and events, studio recording, track down, and mastering. Hibino Professional Audio Sales division is engaged in the production and sale of professional audio equipment and acoustic system proposals for broadcasting stations, studios, halls, commercial facilities. Hibino Chromatec division develops and sells LED (light-emitting diode) display systems.

Hibino (TSE:2469) Headlines

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