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Furyu (TSE:6238) Gross Margin % : 38.25% (As of Dec. 2023)


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What is Furyu Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Furyu's Gross Profit for the three months ended in Dec. 2023 was 円4,387 Mil. Furyu's Revenue for the three months ended in Dec. 2023 was 円11,468 Mil. Therefore, Furyu's Gross Margin % for the quarter that ended in Dec. 2023 was 38.25%.

Warning Sign:

Furyu Corp gross margin has been in long-term decline. The average rate of decline per year is -4.8%.


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

TSE:6238' s Gross Margin % Range Over the Past 10 Years
Min: 39.48   Med: 53.42   Max: 55.77
Current: 39.48


During the past 9 years, the highest Gross Margin % of Furyu was 55.77%. The lowest was 39.48%. And the median was 53.42%.

TSE:6238's Gross Margin % is ranked worse than
56.61% of 772 companies
in the Travel & Leisure industry
Industry Median: 43.215 vs TSE:6238: 39.48

Furyu had a gross margin of 38.25% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Furyu was -4.80% per year.


Furyu Gross Margin % Historical Data

The historical data trend for Furyu'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.

Furyu Gross Margin % Chart

Furyu Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only 54.19 53.57 53.42 46.88 41.58

Furyu 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 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 39.66 36.45 43.52 39.58 38.25

Competitive Comparison of Furyu's Gross Margin %

For the Leisure subindustry, Furyu'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.


Furyu's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Furyu's Gross Margin % distribution charts can be found below:

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



Furyu Gross Margin % Calculation

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

Furyu'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 )
=15134.9 / 36400.53
=(Revenue - Cost of Goods Sold) / Revenue
=(36400.53 - 21265.613) / 36400.53
=41.58 %

Furyu'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 )
=4387 / 11467.795
=(Revenue - Cost of Goods Sold) / Revenue
=(11467.795 - 7080.795) / 11467.795
=38.25 %

* 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.


Furyu  (TSE:6238) 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

Furyu had a gross margin of 38.25% for the quarter that ended in Dec. 2023 => 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.


Furyu Gross Margin % Related Terms

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Furyu (TSE:6238) Business Description

Traded in Other Exchanges
N/A
Address
2-3 Uguisudani-cho, 2nd Floor, Coms Building, Shibuya-ku, Tokyo, JPN, 150-0032
Furyu Corp is a holding company that mainly plans, develops, manufactures, and markets photo sticker machines. It includes sales, planning and development of photo sticker machines, amusement prizes, mobile services for young women, and video and smart phone games. It also provides ring tunes, decoration mail, mobile games, and other mobile content services.

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