Daohe Global Group (HKSE:00915) Gross Margin % : 38.82% (As of Dec. 2023)

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What is Daohe Global Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Daohe Global Group's Gross Profit for the six months ended in Dec. 2023 was HK$76.1 Mil. Daohe Global Group's Revenue for the six months ended in Dec. 2023 was HK$196.0 Mil. Therefore, Daohe Global Group's Gross Margin % for the quarter that ended in Dec. 2023 was 38.82%.

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

HKSE:00915' s Gross Margin % Range Over the Past 10 Years
Min: 22.13 Med: 25.93 Max: 38.45
Current: 38.45

During the past 13 years, the highest Gross Margin % of Daohe Global Group was 38.45%. The lowest was 22.13%. And the median was 25.93%.

HKSE:00915's Gross Margin % is ranked better than
53.38% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.675 vs HKSE:00915: 38.45

Daohe Global Group had a gross margin of 38.82% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Daohe Global Group was 9.90% per year.

Daohe Global Group Gross Margin % Historical Data

The historical data trend for Daohe Global Group'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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Daohe Global Group Gross Margin % Chart

Daohe Global Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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22.13

29.85

33.38

32.97

38.45

Daohe Global Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															34.80	31.39	35.20	37.95	38.82

Competitive Comparison of Daohe Global Group's Gross Margin %

For the Specialty Retail subindustry, Daohe Global Group'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.

Daohe Global Group's Gross Margin % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Daohe Global Group's Gross Margin % falls into.

Daohe Global Group Gross Margin % Calculation

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

Daohe Global Group'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 )
	=	133.2	/	346.404
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(346.404 - 213.223)	/	346.404
	=	38.45 %

Daohe Global Group'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 )
	=	76.1	/	196.01
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(196.01 - 119.911)	/	196.01
	=	38.82 %

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.

Daohe Global Group (HKSE:00915) 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

Daohe Global Group had a gross margin of 38.82% 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.

Daohe Global Group Gross Margin % Related Terms

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Daohe Global Group (HKSE:00915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Daohe Global Group Ltd (HKSE:00915) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Sheung Yuet Road, 6th Floor, YHC Tower, Kowloon Bay, Hong Kong, HKG

Website

https://www.daoheglobal.com.hk

Daohe Global Group Ltd is an investment holding company. The company along with its subsidiaries engages in the sale of merchandise, hard goods, provision of procurement and value-added services operating in North America, Europe and other regions. Its business is organized into the segments of Trading and supply chain management services; and the Operation of the online social platform. Its primary business activity involves the design, purchase, and sale of garments, fashion accessories, bathroom products, glassware, toy and luggage. It earns prime revenue from China.

Executives

Zhou Xijian	2201 Interest of corporation controlled by you
Tsang Chun Ho Anthony	2101 Beneficial owner

Daohe Global Group (HKSE:00915) Headlines

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