KOSE (TSE:4922) Gross Margin % : 72.32% (As of Mar. 2024)

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What is KOSE Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. KOSE's Gross Profit for the three months ended in Mar. 2024 was 円56,110 Mil. KOSE's Revenue for the three months ended in Mar. 2024 was 円77,583 Mil. Therefore, KOSE's Gross Margin % for the quarter that ended in Mar. 2024 was 72.32%.

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

TSE:4922' s Gross Margin % Range Over the Past 10 Years
Min: 70.3 Med: 73.26 Max: 75.57
Current: 70.43

During the past 13 years, the highest Gross Margin % of KOSE was 75.57%. The lowest was 70.30%. And the median was 73.26%.

TSE:4922's Gross Margin % is ranked better than
94.69% of 1808 companies
in the Consumer Packaged Goods industry
Industry Median: 25.085 vs TSE:4922: 70.43

KOSE had a gross margin of 72.32% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for KOSE was -0.90% per year.

KOSE Gross Margin % Historical Data

The historical data trend for KOSE'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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KOSE Gross Margin % Chart

KOSE Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Dec22

Dec23

Gross Margin %

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73.39

72.93

72.27

71.08

70.30

KOSE 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															72.05	71.02	69.63	68.79	72.32

Competitive Comparison of KOSE's Gross Margin %

For the Household & Personal Products subindustry, KOSE'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.

KOSE's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, KOSE's Gross Margin % distribution charts can be found below:

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

KOSE Gross Margin % Calculation

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

KOSE'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 )
	=	211197	/	300406
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(300406 - 89209)	/	300406
	=	70.30 %

KOSE'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 )
	=	56110	/	77583
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(77583 - 21473)	/	77583
	=	72.32 %

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.

KOSE (TSE:4922) 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

KOSE had a gross margin of 72.32% for the quarter that ended in Mar. 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.

KOSE Gross Margin % Related Terms

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KOSE (TSE:4922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » KOSE Corp (TSE:4922) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

KSRYY:USA

Address

3-6-2, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8251

Website

http://www.kose.co.jp

Kose is the third-largest cosmetics company in Japan and the second in the premium segment, and is renowned for its prestige skincare brands including Decorte and Albion. The firm has been managed by the Kobayashi family since it was established in 1946. Albion, a fully consolidated subsidiary in which Kose holds a 79.5% stake, is operated independently by another branch of the Kobayashi family. The group, with a collection 37 brands/lines spanning a wide range of price points, has captured 13.6% of Japan's premium beauty segment, according to Euromonitor. Japan remains the largest market contributing nearly 57% of sales, followed by Asia (28%) and North America (14%). Its distribution channels include department stores, specialty retailers, drugstores, travel retailers, and e-commerce.

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