Noritsu Koki Co (TSE:7744) Gross Margin % : 51.26% (As of Mar. 2024)

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What is Noritsu Koki Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Noritsu Koki Co's Gross Profit for the three months ended in Mar. 2024 was 円13,996 Mil. Noritsu Koki Co's Revenue for the three months ended in Mar. 2024 was 円27,304 Mil. Therefore, Noritsu Koki Co's Gross Margin % for the quarter that ended in Mar. 2024 was 51.26%.

Warning Sign:

Noritsu Koki Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.3%.

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

TSE:7744' s Gross Margin % Range Over the Past 10 Years
Min: 40.17 Med: 48.43 Max: 51.66
Current: 44.86

During the past 13 years, the highest Gross Margin % of Noritsu Koki Co was 51.66%. The lowest was 40.17%. And the median was 48.43%.

TSE:7744's Gross Margin % is ranked better than
83.6% of 2439 companies
in the Hardware industry
Industry Median: 24.37 vs TSE:7744: 44.86

Noritsu Koki Co had a gross margin of 51.26% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Noritsu Koki Co was -3.30% per year.

Noritsu Koki Co Gross Margin % Historical Data

The historical data trend for Noritsu Koki 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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Noritsu Koki Co Gross Margin % Chart

Noritsu Koki Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Gross Margin %

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48.26

47.34

48.60

45.45

40.17

Noritsu Koki Co 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															41.42	44.90	47.28	44.87	51.26

Competitive Comparison of Noritsu Koki Co's Gross Margin %

For the Consumer Electronics subindustry, Noritsu Koki 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.

Noritsu Koki Co's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Noritsu Koki Co's Gross Margin % distribution charts can be found below:

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

Noritsu Koki Co Gross Margin % Calculation

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

Noritsu Koki Co's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	29529	/	73515
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(73515 - 43986)	/	73515
	=	40.17 %

Noritsu Koki Co'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 )
	=	13996	/	27304
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(27304 - 13308)	/	27304
	=	51.26 %

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.

Noritsu Koki Co (TSE:7744) 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

Noritsu Koki Co had a gross margin of 51.26% 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.

Noritsu Koki Co Gross Margin % Related Terms

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Noritsu Koki Co (TSE:7744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Noritsu Koki Co Ltd (TSE:7744) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Azabu Juban 1-10-10 Joule A, 5th Floor, Minato-ku, Tokyo, JPN, 106-0045

Website

http://www.noritsu.co.jp

Noritsu Koki Co Ltd is a Japan-based company, engaged in the healthcare, drug discovery, senior life, agribusiness food, manufacturing, and other operations. In the manufacturing business, the company manufactures marking pen tip made of felt and synthetic fiber as the main product. In the healthcare business, it offers a range of medical services. In the drug discovery business, the company conducts research and development on biopharmaceuticals and regenerative medicine. The other operations of the company involves the business development and investment research, digital area business and insurance business.

Noritsu Koki Co (TSE:7744) Headlines

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