The historical rank and industry rank for China In-Tech's Gross Margin % or its related term are showing as below:
HKSE:00464'
s Gross Margin % Range Over the Past 10 Years
Min: -10.82 Med: 8.16 Max: 16.04
Current: -9.66
During the past 13 years, the highestGross Margin % of China In-Tech was 16.04%. The lowest was -10.82%. And the median was 8.16%.
HKSE:00464's Gross Margin % is ranked worse than 97.62% of 1807
companies
in the Consumer Packaged Goods industry
Industry Median: 25.32
vs HKSE:00464: -9.66
China In-Tech had a gross margin of 11.88% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for China In-Tech was 0.00% per year.
China In-Tech Gross Margin % Historical Data
The historical data trend for China In-Tech'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 China In-Tech's Gross Margin %
For the Household & Personal Products subindustry, China In-Tech'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 In-Tech's Gross Margin % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, China In-Tech's Gross Margin % distribution charts can be found below:
* The bar in red indicates where China In-Tech'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.
China In-Tech (HKSE:00464) 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 In-Tech had a gross margin of 11.88% 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.
China In-Tech Gross Margin % Related Terms
Thank you for viewing the detailed overview of China In-Tech's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
China In-Tech Ltd Formerly China Overseas Nuoxin International Holdings Ltd engages in the design, manufacture, and sale of electrical haircare and healthcare products. Its product portfolio includes Hair dryer, Straightener, Curling tong, Hot air styler, Mini vac cleaner, Facial sauna, Electric massager, Derma cleanser, and other small household electrical appliances. The firm also engages in the design, manufacture, and sale of motors; and the provision of contract processing services. The group's revenue is mainly derived from customers located in Europe, Asia, North and South America, Australia, and Africa, of which a majority of revenue is derived from Europe.
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