Joy City Property Ltd gross margin has been in long-term decline. The average rate of decline per year is -8.5%.
The historical rank and industry rank for Joy City Property's Gross Margin % or its related term are showing as below:
HKSE:00207'
s Gross Margin % Range Over the Past 10 Years
Min: 30.75 Med: 49.42 Max: 59.42
Current: 42.51
During the past 13 years, the highestGross Margin % of Joy City Property was 59.42%. The lowest was 30.75%. And the median was 49.42%.
HKSE:00207's Gross Margin % is ranked better than 57.29% of 1653
companies
in the Real Estate industry
Industry Median: 36.78
vs HKSE:00207: 42.51
Joy City Property had a gross margin of 37.15% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Joy City Property was -8.50% per year.
Joy City Property Gross Margin % Historical Data
The historical data trend for Joy City Property'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.
Competitive Comparison of Joy City Property's Gross Margin %
For the Real Estate - Diversified subindustry, Joy City Property'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.
Joy City Property's Gross Margin % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Joy City Property's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Joy City Property's Gross Margin % falls into.
* 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.
Joy City Property (HKSE:00207) 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
Joy City Property had a gross margin of 37.15% for the quarter that ended in Dec. 2023 => Competition eroding margins
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.
Joy City Property Gross Margin % Related Terms
Thank you for viewing the detailed overview of Joy City Property's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joy City Property (HKSE:00207) Business Description
Joy City Property Ltd is a large-scale commercial property developer and operator, working on the development, operation, sales, leasing and management of mixed-use complexes and other commercial properties such as shopping centers, hotels, offices, serviced apartments and resort and tourist properties in China. Rental income accounts for majority of the operating profit. The company's portfolio consists of various retail malls under the flagship brand of Joy City, and some office and hotel assets. Recently, it introduced a second brand called Joy Breeze, consisting of smaller retail assets. The businesses of the Group are divided into four areas, namely investment properties, property development, hotel operations and output management and other services.
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