Karo Leather (XPRA:KARIN) Gross Margin % : 18.17% (As of Dec. 2022)

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What is Karo Leather Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Karo Leather's Gross Profit for the six months ended in Dec. 2022 was Kč34.7 Mil. Karo Leather's Revenue for the six months ended in Dec. 2022 was Kč190.8 Mil. Therefore, Karo Leather's Gross Margin % for the quarter that ended in Dec. 2022 was 18.17%.

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

XPRA:KARIN' s Gross Margin % Range Over the Past 10 Years
Min: 16.64 Med: 18.17 Max: 22.22
Current: 18.17

During the past 5 years, the highest Gross Margin % of Karo Leather was 22.22%. The lowest was 16.64%. And the median was 18.17%.

XPRA:KARIN's Gross Margin % is ranked worse than
64.47% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.685 vs XPRA:KARIN: 18.17

Karo Leather had a gross margin of 18.17% for the quarter that ended in Dec. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Karo Leather was 0.00% per year.

Karo Leather Gross Margin % Historical Data

The historical data trend for Karo Leather'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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Karo Leather Gross Margin % Chart

Karo Leather Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

16.64

22.22

18.17

Karo Leather Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22
Gross Margin %	-	-	16.64	22.22	18.17

Competitive Comparison of Karo Leather's Gross Margin %

For the Textile Manufacturing subindustry, Karo Leather'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.

Karo Leather's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Karo Leather's Gross Margin % distribution charts can be found below:

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

Karo Leather Gross Margin % Calculation

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

Karo Leather'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 )
	=	34.7	/	190.792
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(190.792 - 156.12)	/	190.792
	=	18.17 %

Karo Leather's Gross Margin for the quarter that ended in Dec. 2022 is calculated as

Gross Margin % (Q: Dec. 2022 )	=	Gross Profit (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	34.7	/	190.792
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(190.792 - 156.12)	/	190.792
	=	18.17 %

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.

Karo Leather (XPRA:KARIN) 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

Karo Leather had a gross margin of 18.17% for the quarter that ended in Dec. 2022 => No sustainable 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.

Karo Leather Gross Margin % Related Terms

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Karo Leather (XPRA:KARIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karo Leather (XPRA:KARIN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rohanske nabrezi 642/35, Prague, CZE, 186 00

Website

https://www.karo-leather.com

Karo Leather is engaged in machine processing and trading of leather for the furniture industry and selling of cowhides. Its products include sells buffalo, cowhide products; and upholstery leather. It markets products in European Union countries, especially Poland.

Karo Leather (XPRA:KARIN) Headlines

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