Kronos Worldwide Inc gross margin has been in long-term decline. The average rate of decline per year is -16.6%.
The historical rank and industry rank for Kronos Worldwide's Gross Margin % or its related term are showing as below:
KRO'
s Gross Margin % Range Over the Past 10 Years
Min: 9.89 Med: 21.3 Max: 33.83
Current: 11.96
During the past 13 years, the highestGross Margin % of Kronos Worldwide was 33.83%. The lowest was 9.89%. And the median was 21.30%.
KRO's Gross Margin % is ranked worse than 78.91% of 1508
companies
in the Chemicals industry
Industry Median: 22.245
vs KRO: 11.96
Kronos Worldwide had a gross margin of 14.93% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Kronos Worldwide was -16.60% per year.
Kronos Worldwide Gross Margin % Historical Data
The historical data trend for Kronos Worldwide'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.
Competitive Comparison of Kronos Worldwide's Gross Margin %
For the Specialty Chemicals subindustry, Kronos Worldwide'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.
Kronos Worldwide's Gross Margin % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kronos Worldwide's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kronos Worldwide's Gross Margin % falls into.
* 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.
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
Kronos Worldwide had a gross margin of 14.93% for the quarter that ended in Mar. 2024 => 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.
Kronos Worldwide Gross Margin % Related Terms
Thank you for viewing the detailed overview of Kronos Worldwide's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kronos Worldwide (Kronos Worldwide) Business Description
Kronos Worldwide Inc manufactures and sells titanium dioxide pigments. Titanium dioxide is a white inorganic pigment used in a variety of products. The majority of Kronos' sales come from titanium dioxide used for coatings on automobiles, aircraft, machines, appliances, traffic paint, and in both commercial and residential interiors and exteriors. The second- largest product category is titanium dioxide used for plastics such as packaging materials and food packaging, houseware, appliances, toys, and computer cases. The majority of revenue comes from the United States.
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