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Kyokuto Co (TSE:2300) Gross Margin % : 66.73% (As of Feb. 2024)


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What is Kyokuto Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kyokuto Co's Gross Profit for the three months ended in Feb. 2024 was 円675 Mil. Kyokuto Co's Revenue for the three months ended in Feb. 2024 was 円1,012 Mil. Therefore, Kyokuto Co's Gross Margin % for the quarter that ended in Feb. 2024 was 66.73%.


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

TSE:2300' s Gross Margin % Range Over the Past 10 Years
Min: 67.97   Med: 70.51   Max: 72.28
Current: 71.76


During the past 13 years, the highest Gross Margin % of Kyokuto Co was 72.28%. The lowest was 67.97%. And the median was 70.51%.

TSE:2300's Gross Margin % is ranked better than
82.35% of 102 companies
in the Personal Services industry
Industry Median: 45.165 vs TSE:2300: 71.76

Kyokuto Co had a gross margin of 66.73% for the quarter that ended in Feb. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kyokuto Co was 0.50% per year.


Kyokuto Co Gross Margin % Historical Data

The historical data trend for Kyokuto Co'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.

Kyokuto Co Gross Margin % Chart

Kyokuto Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.69 67.97 70.17 72.28 71.76

Kyokuto Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.51 78.71 67.13 69.52 66.73

Competitive Comparison of Kyokuto Co's Gross Margin %

For the Personal Services subindustry, Kyokuto Co'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.


Kyokuto Co's Gross Margin % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Kyokuto Co's Gross Margin % distribution charts can be found below:

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



Kyokuto Co Gross Margin % Calculation

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

Kyokuto Co's Gross Margin for the fiscal year that ended in Feb. 2024 is calculated as

Gross Margin % (A: Feb. 2024 )=Gross Profit (A: Feb. 2024 ) / Revenue (A: Feb. 2024 )
=3639.8 / 5072.138
=(Revenue - Cost of Goods Sold) / Revenue
=(5072.138 - 1432.318) / 5072.138
=71.76 %

Kyokuto Co's Gross Margin for the quarter that ended in Feb. 2024 is calculated as


Gross Margin % (Q: Feb. 2024 )=Gross Profit (Q: Feb. 2024 ) / Revenue (Q: Feb. 2024 )
=675.4 / 1012.139
=(Revenue - Cost of Goods Sold) / Revenue
=(1012.139 - 336.724) / 1012.139
=66.73 %

* 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.


Kyokuto Co  (TSE:2300) 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

Kyokuto Co had a gross margin of 66.73% for the quarter that ended in Feb. 2024 => 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.


Kyokuto Co Gross Margin % Related Terms

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Kyokuto Co (TSE:2300) Business Description

Traded in Other Exchanges
N/A
Address
Hakata-ku Kannakuma 1, chome 28 No. 53, Fukuoka prefecture, Fukuoka, JPN, 816-0063
Kyokuto Co Ltd is a Japanese company. It is engaged in the home cleaning business. It offers ozone cleaning, aqua, and dry cleaning, delicate course cleaning, wash charm, and setting line services. The Company also operates outlets throughout Japan. It operates through more than six hundred stores.

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