Nankang Rubber Tire Corp Ltd
TWSE:2101
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| TW |
N
|
Nankang Rubber Tire Corp Ltd
TWSE:2101
|
24.8B TWD |
Loading...
|
|
| JP |
|
Bridgestone Corp
TSE:5108
|
4.3T JPY |
Loading...
|
|
| FR |
|
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
|
21B EUR |
Loading...
|
|
| IT |
|
Pirelli & C SpA
MIL:PIRC
|
5.7B EUR |
Loading...
|
|
| CN |
|
Sailun Group Co Ltd
SSE:601058
|
45B CNY |
Loading...
|
|
| JP |
|
Yokohama Rubber Co Ltd
TSE:5101
|
1T JPY |
Loading...
|
|
| IN |
|
MRF Ltd
NSE:MRF
|
567.8B INR |
Loading...
|
|
| KR |
H
|
Hankook Tire & Technology Co Ltd
KRX:161390
|
6.9T KRW |
Loading...
|
|
| IN |
|
Balkrishna Industries Ltd
NSE:BALKRISIND
|
419.9B INR |
Loading...
|
|
| JP |
|
Toyo Tire Corp
TSE:5105
|
590.6B JPY |
Loading...
|
|
| CN |
|
Anhui Zhongding Sealing Parts Co Ltd
SZSE:000887
|
25.4B CNY |
Loading...
|
Market Distribution
| Min | -197.7% |
| 30th Percentile | 13.7% |
| Median | 22.1% |
| 70th Percentile | 31.4% |
| Max | 400.8% |
Other Profitability Ratios
Nankang Rubber Tire Corp Ltd
Glance View
Nankang Rubber Tire Corp Ltd. emerged as a resilient force in Taiwan’s industrial landscape, tracing its origins back to 1959. Originating from a relentless drive to adapt and innovate, the company grew from modest beginnings to become a globally recognized player in the tire manufacturing sector. With technological prowess inherited from the aviation industry, where precision and durability are crucial, Nankang has positioned itself at the intersection of tradition and modernity. The company's commitment to quality and responsiveness to market demands have allowed it to thrive amidst intense competition, evolving from producing conventional bias tires to advanced radial tire technologies that cater to diverse applications including passenger cars, trucks, and motorcycles. Fundamentally, Nankang’s profitability is anchored in its ability to fuse cutting-edge research and development with cost-effective manufacturing processes. By leveraging economies of scale and emphasizing a robust distribution network, both locally and internationally, Nankang captures value across multiple markets. Strategic investments in state-of-the-art facilities in Taiwan and China enhance its production capacity and ensure a steady supply chain continuity. Revenue streams not only flow from traditional wholesale and retail markets but also through strategic partnerships and Original Equipment Manufacturer (OEM) agreements, which have fortified its brand recognition globally. This dual emphasis on quality and strategic market segmentation has propelled Nankang to maintain profitable growth consistently.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for Nankang Rubber Tire Corp Ltd is 21.4%, which is below its 3-year median of 23.7%.
Over the last 3 years, Nankang Rubber Tire Corp Ltd’s Gross Margin has increased from 15.5% to 21.4%. During this period, it reached a low of 14.5% on Dec 31, 2022 and a high of 32.7% on Sep 30, 2024.