YGM Trading (HKSE:00375) Gross Margin % : 71.79% (As of Sep. 2023)

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What is YGM Trading Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. YGM Trading's Gross Profit for the six months ended in Sep. 2023 was HK$76.5 Mil. YGM Trading's Revenue for the six months ended in Sep. 2023 was HK$106.6 Mil. Therefore, YGM Trading's Gross Margin % for the quarter that ended in Sep. 2023 was 71.79%.

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

HKSE:00375' s Gross Margin % Range Over the Past 10 Years
Min: 51.64 Med: 62.74 Max: 69.39
Current: 69.39

During the past 13 years, the highest Gross Margin % of YGM Trading was 69.39%. The lowest was 51.64%. And the median was 62.74%.

HKSE:00375's Gross Margin % is ranked better than
93.61% of 1095 companies
in the Retail - Cyclical industry
Industry Median: 36.61 vs HKSE:00375: 69.39

YGM Trading had a gross margin of 71.79% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for YGM Trading was 1.50% per year.

YGM Trading Gross Margin % Historical Data

The historical data trend for YGM Trading'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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YGM Trading Gross Margin % Chart

YGM Trading Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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66.76

51.64

62.99

63.58

67.17

YGM Trading 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															62.30	64.80	66.88	67.37	71.79

Competitive Comparison of YGM Trading's Gross Margin %

For the Apparel Retail subindustry, YGM Trading'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.

YGM Trading's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, YGM Trading's Gross Margin % distribution charts can be found below:

* The bar in red indicates where YGM Trading's Gross Margin % falls into.

YGM Trading Gross Margin % Calculation

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

YGM Trading'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 )
	=	143.8	/	214.129
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(214.129 - 70.289)	/	214.129
	=	67.17 %

YGM Trading'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 )
	=	76.5	/	106.574
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(106.574 - 30.061)	/	106.574
	=	71.79 %

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.

YGM Trading (HKSE:00375) 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

YGM Trading had a gross margin of 71.79% for the quarter that ended in Sep. 2023 => Durable 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.

YGM Trading Gross Margin % Related Terms

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YGM Trading (HKSE:00375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » YGM Trading Ltd (HKSE:00375) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygmtrading.com

YGM Trading Ltd is an investment holding and provision of management service company. The company's operating segments include Sales of garments; Licensing of trademarks; Printing and related services and Property rental. The sales of garments segment of the company is involved in the wholesale and retail of garments; the Printing and related services segment is engaged in the provision of security printing and sale of printed products; Licensing of trademarks segment is engaged in the management and licensing of trademarks for royalty income, and Property rental: leasing of properties to generate rental income. The company generates maximum revenue from the Sales of the garments segment. Geographically, it derives a majority of its revenue from Hong Kong.

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