Hard Off Co (TSE:2674) Gross Margin % : 68.95% (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Hard Off Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hard Off Co's Gross Profit for the three months ended in Dec. 2023 was 円5,430 Mil. Hard Off Co's Revenue for the three months ended in Dec. 2023 was 円7,875 Mil. Therefore, Hard Off Co's Gross Margin % for the quarter that ended in Dec. 2023 was 68.95%.

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

TSE:2674' s Gross Margin % Range Over the Past 10 Years
Min: 68.5 Med: 70.56 Max: 71.23
Current: 68.8

During the past 13 years, the highest Gross Margin % of Hard Off Co was 71.23%. The lowest was 68.50%. And the median was 70.56%.

TSE:2674's Gross Margin % is ranked better than
93.25% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.675 vs TSE:2674: 68.80

Hard Off Co had a gross margin of 68.95% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hard Off Co was -0.60% per year.

Hard Off Co Gross Margin % Historical Data

The historical data trend for Hard Off 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.

Hard Off Co Gross Margin % Chart

Hard Off Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

Get a 7-Day Free Trial

70.46

68.98

68.50

68.73

68.76

Hard Off Co 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															69.05	68.76	69.52	67.92	68.95

Competitive Comparison of Hard Off Co's Gross Margin %

For the Specialty Retail subindustry, Hard Off 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.

Hard Off Co's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's Gross Margin % distribution charts can be found below:

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

Hard Off Co Gross Margin % Calculation

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

Hard Off Co'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 )
	=	18591.9	/	27040.828
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(27040.828 - 8448.906)	/	27040.828
	=	68.76 %

Hard Off Co'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 )
	=	5429.8	/	7875.047
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7875.047 - 2445.293)	/	7875.047
	=	68.95 %

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.

Hard Off Co (TSE:2674) 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

Hard Off Co had a gross margin of 68.95% 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.

Hard Off Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Hard Off Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hard Off Co (TSE:2674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hard Off Corporation Co Ltd (TSE:2674) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-13 Shinei-cho, Niigata, JPN, 957-0063

Website

http://www.hardoff.co.jp

Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake, and shochu.

Hard Off Co (TSE:2674) Headlines

No Headlines