Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Gross Margin % : 48.31% (As of Dec. 2023)

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What is Hitit Bilgisayar Hizmetleri AS Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hitit Bilgisayar Hizmetleri AS's Gross Profit for the three months ended in Dec. 2023 was ₺89.8 Mil. Hitit Bilgisayar Hizmetleri AS's Revenue for the three months ended in Dec. 2023 was ₺185.9 Mil. Therefore, Hitit Bilgisayar Hizmetleri AS's Gross Margin % for the quarter that ended in Dec. 2023 was 48.31%.

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

IST:HTTBT' s Gross Margin % Range Over the Past 10 Years
Min: 45.05 Med: 48.47 Max: 54.32
Current: 48.61

During the past 6 years, the highest Gross Margin % of Hitit Bilgisayar Hizmetleri AS was 54.32%. The lowest was 45.05%. And the median was 48.47%.

IST:HTTBT's Gross Margin % is ranked better than
57.26% of 2639 companies
in the Software industry
Industry Median: 41.94 vs IST:HTTBT: 48.61

Hitit Bilgisayar Hizmetleri AS had a gross margin of 48.31% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hitit Bilgisayar Hizmetleri AS was 0.40% per year.

Hitit Bilgisayar Hizmetleri AS Gross Margin % Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri AS'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.

Hitit Bilgisayar Hizmetleri AS Gross Margin % Chart

Hitit Bilgisayar Hizmetleri AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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52.63

45.05

45.28

54.32

48.61

Hitit Bilgisayar Hizmetleri AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial											56.43	49.46	49.15	47.94	48.31

Competitive Comparison of Hitit Bilgisayar Hizmetleri AS's Gross Margin %

For the Software - Application subindustry, Hitit Bilgisayar Hizmetleri AS'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.

Hitit Bilgisayar Hizmetleri AS's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Hitit Bilgisayar Hizmetleri AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hitit Bilgisayar Hizmetleri AS's Gross Margin % falls into.

Hitit Bilgisayar Hizmetleri AS Gross Margin % Calculation

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

Hitit Bilgisayar Hizmetleri AS'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 )
	=	296	/	609.051
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(609.051 - 313.007)	/	609.051
	=	48.61 %

Hitit Bilgisayar Hizmetleri AS'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 )
	=	89.8	/	185.862
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(185.862 - 96.063)	/	185.862
	=	48.31 %

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.

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) 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

Hitit Bilgisayar Hizmetleri AS had a gross margin of 48.31% 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.

Hitit Bilgisayar Hizmetleri AS Gross Margin % Related Terms

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Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR

Website

https://www.hitit.com

Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

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