Park24 Co (TSE:4666) Gross Margin % : 26.53% (As of Jan. 2024)

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What is Park24 Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Park24 Co's Gross Profit for the three months ended in Jan. 2024 was 円23,013 Mil. Park24 Co's Revenue for the three months ended in Jan. 2024 was 円86,731 Mil. Therefore, Park24 Co's Gross Margin % for the quarter that ended in Jan. 2024 was 26.53%.

The historical rank and industry rank for Park24 Co's Gross Margin % or its related term are showing as below:

TSE:4666' s Gross Margin % Range Over the Past 10 Years
Min: 13.52 Med: 25.22 Max: 27.29
Current: 26.95

During the past 13 years, the highest Gross Margin % of Park24 Co was 27.29%. The lowest was 13.52%. And the median was 25.22%.

TSE:4666's Gross Margin % is ranked better than
64.29% of 1613 companies
in the Construction industry
Industry Median: 19.23 vs TSE:4666: 26.95

Park24 Co had a gross margin of 26.53% for the quarter that ended in Jan. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Park24 Co was 2.10% per year.

Park24 Co Gross Margin % Historical Data

The historical data trend for Park24 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.

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Park24 Co Gross Margin % Chart

Park24 Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Gross Margin %

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24.60

13.52

16.21

24.32

27.15

Park24 Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial															27.34	25.64	27.96	27.54	26.53

Competitive Comparison of Park24 Co's Gross Margin %

For the Infrastructure Operations subindustry, Park24 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.

Park24 Co's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Park24 Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Park24 Co's Gross Margin % falls into.

Park24 Co Gross Margin % Calculation

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

Park24 Co's Gross Margin for the fiscal year that ended in Oct. 2023 is calculated as

Gross Margin % (A: Oct. 2023 )	=	Gross Profit (A: Oct. 2023 )	/	Revenue (A: Oct. 2023 )
	=	89626	/	330123
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(330123 - 240497)	/	330123
	=	27.15 %

Park24 Co's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	23013	/	86731
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(86731 - 63718)	/	86731
	=	26.53 %

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.

Park24 Co (TSE:4666) 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

Park24 Co had a gross margin of 26.53% for the quarter that ended in Jan. 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.

Park24 Co Gross Margin % Related Terms

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Park24 Co (TSE:4666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Park24 Co Ltd (TSE:4666) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

PKCOY:USA 5FJ:Germany

Address

2-20-4 Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-8924

Website

https://www.park24.co.jp

Park24 Co Ltd is a Japanese operator of parking facilities. The company is organised into two segments: parking business Japan, Parking Business International and mobility business. The parking business, which contributes the majority of revenue, operates fully-automated parking facilities and related services. The Parking business in international segment provides Parking facility management in overseas. The mobility business car rental services through the Times Car RENTAL brand, car sharing services through the Times Car PLUS brand, and related services. While Park 24 operates in Japan, Taiwan, and South Korea, the company earns the majority of revenue domestically.

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