LG Electronics Inc
KRX:066570
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LG Electronics Inc
Gross Margin
LG Electronics Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | KR |
| Market Cap | 15.2T KRW |
| Gross Margin |
24%
|
| Country | JP |
| Market Cap | 20.6T JPY |
| Gross Margin |
35%
|
| Country | CH |
| Market Cap | 40.2B USD |
| Gross Margin |
58%
|
| Country | JP |
| Market Cap | 3.8T JPY |
| Gross Margin |
30%
|
| Country | CN |
| Market Cap | 96.9B CNY |
| Gross Margin |
12%
|
| Country | IN |
| Market Cap | 1.1T INR |
| Gross Margin |
8%
|
| Country | CN |
| Market Cap | 49.8B CNY |
| Gross Margin |
10%
|
| Country | JP |
| Market Cap | 649.3B JPY |
| Gross Margin |
16%
|
| Country | CN |
| Market Cap | 27.8B CNY |
| Gross Margin |
17%
|
| Country | JP |
| Market Cap | 572.7B JPY |
| Gross Margin |
45%
|
| Country | CN |
| Market Cap | 26.3B CNY |
| Gross Margin |
15%
|
LG Electronics Inc
Glance View
In the bustling city of Seoul lies the headquarters of LG Electronics Inc., a global conglomerate best known for its pioneering spirit and relentless pursuit of innovation. Founded in 1958, LG Electronics has grown from a manufacturer of humble radios into one of the world’s leading producers of electronics and home appliances. The company operates through several key divisions: Home Appliance & Air Solutions, Home Entertainment, Vehicle Component Solutions, and Business Solutions. Each unit is a powerhouse in its own right, leveraging state-of-the-art technology to design products that simplify and enhance daily life for millions worldwide. From washing machines that anticipate a household’s laundry needs to smart televisions rendering breathtaking visuals, LG’s portfolio reflects its unwavering commitment to technological excellence and customer satisfaction. At the heart of LG's financial success is its ability to synergize cutting-edge innovation with astute business acumen. The company generates revenue from an array of products that include TVs, smartphones, air conditioners, and car components, with the Home Appliance division traditionally serving as a cornerstone of profitability. By continually refining its product lines and branching into burgeoning sectors like electric vehicle components, LG Electronics diversifies its revenue streams while mitigating risk exposure. Strategic investments in research and development fuel the creation of smarter, more efficient products that anticipate market trends and consumer preferences. Furthermore, by partnering with technology giants and entering joint ventures, LG not only bolsters its technological capabilities but also expands its global reach, cementing its status as a formidable force in the competitive electronics market.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on LG Electronics Inc's most recent financial statements, the company has Gross Margin of 24.3%.
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