TDK (TSE:6762) Gross Margin % : 32.45% (As of Dec. 2023)

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What is TDK Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TDK's Gross Profit for the three months ended in Dec. 2023 was 円181,456 Mil. TDK's Revenue for the three months ended in Dec. 2023 was 円559,250 Mil. Therefore, TDK's Gross Margin % for the quarter that ended in Dec. 2023 was 32.45%.

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

TSE:6762' s Gross Margin % Range Over the Past 10 Years
Min: 22.44 Med: 27.61 Max: 29.64
Current: 26.18

During the past 13 years, the highest Gross Margin % of TDK was 29.64%. The lowest was 22.44%. And the median was 27.61%.

TSE:6762's Gross Margin % is ranked better than
53.39% of 2437 companies
in the Hardware industry
Industry Median: 24.45 vs TSE:6762: 26.18

TDK had a gross margin of 32.45% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for TDK was 0.10% per year.

TDK Gross Margin % Historical Data

The historical data trend for TDK'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.

* Premium members only.

TDK Gross Margin % Chart

TDK Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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28.69

29.59

28.84

29.64

26.80

TDK 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															29.36	15.24	25.23	30.01	32.45

Competitive Comparison of TDK's Gross Margin %

For the Electronic Components subindustry, TDK'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.

TDK's Gross Margin % Distribution in the Hardware Industry

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

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

TDK Gross Margin % Calculation

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

TDK'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 )
	=	584522	/	2180817
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2180817 - 1596295)	/	2180817
	=	26.80 %

TDK'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 )
	=	181456	/	559250
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(559250 - 377794)	/	559250
	=	32.45 %

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.

TDK (TSE:6762) 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

TDK had a gross margin of 32.45% 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.

TDK Gross Margin % Related Terms

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TDK (TSE:6762) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TDK Corp (TSE:6762) » Definitions » Gross Margin %

Comparable Companies

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TTDKY:USA TTDKF:USA TDK:Germany

Address

Shibaura Renasite Tower, 3-9-1 Shibaura, Minato-ku, Tokyo, JPN

Website

http://www.tdk.co.jp

Founded in 1935, TDK has its origin in magnetic materials, being the first company to commercialize ferrite in the world, and it used to be known as one of the major cassette-tape manufacturers. TDK is now the only external supplier for magnetic recording heads for hard disk drives, and the company intends to expand its magnetic sensor business for handsets and automobiles by leveraging its expertise. It is also one of the global top suppliers of passive components for autos and polymer rechargeable batteries for smartphones. The company acquired InvenSense in 2017, making it one of the largest MEMS sensor companies in the world.

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