Zen Voce (ROCO:3581) Gross Margin % : 30.77% (As of Mar. 2024)

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What is Zen Voce Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Zen Voce's Gross Profit for the three months ended in Mar. 2024 was NT$100 Mil. Zen Voce's Revenue for the three months ended in Mar. 2024 was NT$326 Mil. Therefore, Zen Voce's Gross Margin % for the quarter that ended in Mar. 2024 was 30.77%.

Warning Sign:

Zen Voce Corp gross margin has been in long-term decline. The average rate of decline per year is -3.4%.

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

ROCO:3581' s Gross Margin % Range Over the Past 10 Years
Min: 29 Med: 38.04 Max: 41.25
Current: 29

During the past 13 years, the highest Gross Margin % of Zen Voce was 41.25%. The lowest was 29.00%. And the median was 38.04%.

ROCO:3581's Gross Margin % is ranked better than
50.72% of 974 companies
in the Semiconductors industry
Industry Median: 28.725 vs ROCO:3581: 29.00

Zen Voce had a gross margin of 30.77% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Zen Voce was -3.40% per year.

Zen Voce Gross Margin % Historical Data

The historical data trend for Zen Voce'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.

Zen Voce Gross Margin % Chart

Zen Voce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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39.09

39.59

40.04

37.53

29.75

Zen Voce Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															33.34	25.64	33.08	26.40	30.77

Competitive Comparison of Zen Voce's Gross Margin %

For the Semiconductors subindustry, Zen Voce'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.

Zen Voce's Gross Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zen Voce's Gross Margin % distribution charts can be found below:

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

Zen Voce Gross Margin % Calculation

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

Zen Voce'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 )
	=	434.6	/	1460.751
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1460.751 - 1026.131)	/	1460.751
	=	29.75 %

Zen Voce's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	100.4	/	326.331
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(326.331 - 225.932)	/	326.331
	=	30.77 %

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.

Zen Voce (ROCO:3581) 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

Zen Voce had a gross margin of 30.77% for the quarter that ended in Mar. 2024 => 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.

Zen Voce Gross Margin % Related Terms

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Zen Voce (ROCO:3581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zen Voce Corp (ROCO:3581) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441

Website

http://www.zenvoce.com

Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.

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