Tai Cheung Holdings (HKSE:00088) Gross Margin % : 19.53% (As of Sep. 2023)

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What is Tai Cheung Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tai Cheung Holdings's Gross Profit for the six months ended in Sep. 2023 was HK$18.4 Mil. Tai Cheung Holdings's Revenue for the six months ended in Sep. 2023 was HK$94.2 Mil. Therefore, Tai Cheung Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was 19.53%.

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

HKSE:00088' s Gross Margin % Range Over the Past 10 Years
Min: -1.4 Med: 12.65 Max: 52.59
Current: 18.08

During the past 13 years, the highest Gross Margin % of Tai Cheung Holdings was 52.59%. The lowest was -1.40%. And the median was 12.65%.

HKSE:00088's Gross Margin % is ranked worse than
78.37% of 1655 companies
in the Real Estate industry
Industry Median: 36.56 vs HKSE:00088: 18.08

Tai Cheung Holdings had a gross margin of 19.53% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tai Cheung Holdings was 0.00% per year.

Tai Cheung Holdings Gross Margin % Historical Data

The historical data trend for Tai Cheung Holdings'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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Tai Cheung Holdings Gross Margin % Chart

Tai Cheung Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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16.80

-1.40

4.47

2.27

12.97

Tai Cheung Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															9.43	-13.16	6.74	15.26	19.53

Competitive Comparison of Tai Cheung Holdings's Gross Margin %

For the Real Estate - Development subindustry, Tai Cheung Holdings'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.

Tai Cheung Holdings's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tai Cheung Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tai Cheung Holdings's Gross Margin % falls into.

Tai Cheung Holdings Gross Margin % Calculation

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

Tai Cheung Holdings'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 )
	=	8.6	/	66.3
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(66.3 - 57.7)	/	66.3
	=	12.97 %

Tai Cheung Holdings's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	18.4	/	94.2
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(94.2 - 75.8)	/	94.2
	=	19.53 %

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.

Tai Cheung Holdings (HKSE:00088) 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

Tai Cheung Holdings had a gross margin of 19.53% for the quarter that ended in Sep. 2023 => 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.

Tai Cheung Holdings Gross Margin % Related Terms

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Tai Cheung Holdings (HKSE:00088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tai Cheung Holdings Ltd (HKSE:00088) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

3A Chater Road, Central, 20th Floor, The Hong Kong Club Building, Hong Kong, HKG

Website

http://www.taicheung.com

Tai Cheung Holdings Ltd is a Hong Kong-based company engaged in property investment and development, investment holding, and property management. The company's property portfolio includes office towers as well as industrial and residential buildings. In addition, the group has a hotel operation arm through its interest in Sheraton Hong Kong Hotel & Towers, a 5-star hotel located in Tsim Sha Tsui, Kowloon. The company divides its business activities into property development and leasing, property management, hotel operation, and investment holding. Tai Cheung generates the majority of its income from property sales.

Executives

Chan Pun, David

2101 Beneficial owner

Tai Cheung Holdings (HKSE:00088) Headlines

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