China Apex Group (HKSE:02011) Gross Margin % : 47.46% (As of Dec. 2023)

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What is China Apex Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. China Apex Group's Gross Profit for the six months ended in Dec. 2023 was HK$67.9 Mil. China Apex Group's Revenue for the six months ended in Dec. 2023 was HK$143.2 Mil. Therefore, China Apex Group's Gross Margin % for the quarter that ended in Dec. 2023 was 47.46%.

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

HKSE:02011' s Gross Margin % Range Over the Past 10 Years
Min: 20.13 Med: 30.2 Max: 41.47
Current: 41.47

During the past 13 years, the highest Gross Margin % of China Apex Group was 41.47%. The lowest was 20.13%. And the median was 30.20%.

HKSE:02011's Gross Margin % is ranked better than
71.1% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.71 vs HKSE:02011: 41.47

China Apex Group had a gross margin of 47.46% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China Apex Group was 6.90% per year.

China Apex Group Gross Margin % Historical Data

The historical data trend for China Apex 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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China Apex Group Gross Margin % Chart

China Apex Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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25.72

20.13

30.00

32.34

41.47

China Apex Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															32.35	32.49	32.13	34.52	47.46

Competitive Comparison of China Apex Group's Gross Margin %

For the Apparel Manufacturing subindustry, China Apex 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.

China Apex Group's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Apex Group's Gross Margin % distribution charts can be found below:

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

China Apex Group Gross Margin % Calculation

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

China Apex 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 )
	=	110.5	/	266.548
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(266.548 - 156.008)	/	266.548
	=	41.47 %

China Apex 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 )
	=	67.9	/	143.162
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(143.162 - 75.216)	/	143.162
	=	47.46 %

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 Apex Group (HKSE:02011) 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 Apex Group had a gross margin of 47.46% for the quarter that ended in Dec. 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.

China Apex Group Gross Margin % Related Terms

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China Apex Group (HKSE:02011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Apex Group Ltd (HKSE:02011) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nine Queen’s Road Central, Suite 10A and 10B, 15th Floor, Central, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/chinaapex/index.h

China Apex Group Ltd is an investment holding company. The principal activities of the company consist of designing, manufacturing, and sale of Finished zippers and sliders, and other products. The company's segment consists of Zippers (Mainland China); and Zippers (Overseas). The majority of the revenue is derived from the Zippers (Mainland China) segment that manufactures zippers products and mainly sells to customers in Mainland China. Its activities are mainly carried out in Guangdong, Zhejiang, and Jingmen.

Executives

China Sun Corporation	2101 Beneficial owner
Qiu Chuanzhi	2201 Interest of corporation controlled by you
Central Eagle Limited	2101 Beneficial owner
Wu Jingming	2201 Interest of corporation controlled by you
Chan Ho Yin	2501 Other
Li Kin Long Kenny	2501 Other
Yip Siu Lun Dave	2101 Beneficial owner
Golden Diamond Inc.	2101 Beneficial owner
Lin Ping	2201 Interest of corporation controlled by you
Mak Yung Pan Andrew	2201 Interest of corporation controlled by you
Zhuang Weidong	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Farco Holdings Limited	2101 Beneficial owner
Qi Wei	2201 Interest of corporation controlled by you

China Apex Group (HKSE:02011) Headlines

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