GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Tianbao Group Development Co Ltd (HKSE:01427) » Definitions » Gross Margin %

China Tianbao Group Development Co (HKSE:01427) Gross Margin % : 4.04% (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is China Tianbao Group Development Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. China Tianbao Group Development Co's Gross Profit for the six months ended in Dec. 2023 was HK$78 Mil. China Tianbao Group Development Co's Revenue for the six months ended in Dec. 2023 was HK$1,939 Mil. Therefore, China Tianbao Group Development Co's Gross Margin % for the quarter that ended in Dec. 2023 was 4.04%.

Warning Sign:

China Tianbao Group Development Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -21.8%.


The historical rank and industry rank for China Tianbao Group Development Co's Gross Margin % or its related term are showing as below:

HKSE:01427' s Gross Margin % Range Over the Past 10 Years
Min: 5.96   Med: 10.13   Max: 25.65
Current: 5.96


During the past 8 years, the highest Gross Margin % of China Tianbao Group Development Co was 25.65%. The lowest was 5.96%. And the median was 10.13%.

HKSE:01427's Gross Margin % is ranked worse than
93.14% of 1647 companies
in the Real Estate industry
Industry Median: 36.68 vs HKSE:01427: 5.96

China Tianbao Group Development Co had a gross margin of 4.04% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China Tianbao Group Development Co was -21.80% per year.


China Tianbao Group Development Co Gross Margin % Historical Data

The historical data trend for China Tianbao Group Development 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.

* Premium members only.

China Tianbao Group Development Co Gross Margin % Chart

China Tianbao Group Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 25.65 18.64 8.40 5.96 5.96

China Tianbao Group Development Co Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.40 7.81 3.99 9.57 4.04

Competitive Comparison of China Tianbao Group Development Co's Gross Margin %

For the Real Estate - Diversified subindustry, China Tianbao Group Development 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.


China Tianbao Group Development Co's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Tianbao Group Development Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where China Tianbao Group Development Co's Gross Margin % falls into.



China Tianbao Group Development Co Gross Margin % Calculation

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

China Tianbao Group Development Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=177.1 / 2971.348
=(Revenue - Cost of Goods Sold) / Revenue
=(2971.348 - 2794.251) / 2971.348
=5.96 %

China Tianbao Group Development Co's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=78.3 / 1938.533
=(Revenue - Cost of Goods Sold) / Revenue
=(1938.533 - 1860.233) / 1938.533
=4.04 %

* 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.

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.


China Tianbao Group Development Co  (HKSE:01427) 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

China Tianbao Group Development Co had a gross margin of 4.04% for the quarter that ended in Dec. 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.


China Tianbao Group Development Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of China Tianbao Group Development Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


China Tianbao Group Development Co (HKSE:01427) Business Description

Traded in Other Exchanges
N/A
Address
No. 33, Guanyun East Road, Hebei Province, Zhuozhou, CHN
China Tianbao Group Development Co Ltd is a property developer and construction company in Zhuozhou, a city in Hebei Province, China. The group operates through two segments: Property development and other business; and construction contracting businesses. The property development business is engaged in the development and sales of residential properties, and leasing and operation of an investment property. The construction contracting business provides construction contracting services mainly as a general contractor for building construction projects, infrastructure construction projects, and industrial and commercial construction projects.
Executives
Ai Xinting 2101 Beneficial owner
Jixiang International Industrial Company Limited 2101 Beneficial owner
Li Baotian 2201 Interest of corporation controlled by you
Zhou Chunlan 2202 Interest of your spouse

China Tianbao Group Development Co (HKSE:01427) Headlines

No Headlines