Peijia Medical (HKSE:09996) Gross Margin % : 76.91% (As of Jun. 2023)

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What is Peijia Medical Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Peijia Medical's Gross Profit for the six months ended in Jun. 2023 was HK$189.2 Mil. Peijia Medical's Revenue for the six months ended in Jun. 2023 was HK$246.0 Mil. Therefore, Peijia Medical's Gross Margin % for the quarter that ended in Jun. 2023 was 76.91%.

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

HKSE:09996' s Gross Margin % Range Over the Past 10 Years
Min: 64.24 Med: 67.66 Max: 73.76
Current: 73.76

During the past 6 years, the highest Gross Margin % of Peijia Medical was 73.76%. The lowest was 64.24%. And the median was 67.66%.

HKSE:09996's Gross Margin % is ranked better than
81.52% of 801 companies
in the Medical Devices & Instruments industry
Industry Median: 52.83 vs HKSE:09996: 73.76

Peijia Medical had a gross margin of 76.91% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Peijia Medical was 0.00% per year.

Peijia Medical Gross Margin % Historical Data

The historical data trend for Peijia Medical'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.

* Premium members only.

Peijia Medical Gross Margin % Chart

Peijia Medical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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64.24

65.25

70.06

70.25

73.76

Peijia Medical Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial						68.66	70.04	70.44	76.91	70.48

Competitive Comparison of Peijia Medical's Gross Margin %

For the Medical Devices subindustry, Peijia Medical'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.

Peijia Medical's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Peijia Medical's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Peijia Medical's Gross Margin % falls into.

Peijia Medical Gross Margin % Calculation

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

Peijia Medical's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	196.8	/	280.109
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(280.109 - 83.343)	/	280.109
	=	70.25 %

Peijia Medical's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	189.2	/	245.96
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(245.96 - 56.783)	/	245.96
	=	76.91 %

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.

Peijia Medical (HKSE:09996) 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

Peijia Medical had a gross margin of 76.91% for the quarter that ended in Jun. 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.

Peijia Medical Gross Margin % Related Terms

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Peijia Medical (HKSE:09996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Peijia Medical Ltd (HKSE:09996) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Zhongtian Street, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN

Website

https://www.peijiamedical.com

Peijia Medical Ltd is focused on the interventional procedural, transcatheter valve therapeutic, and the neurointerventional procedural medical device market in China. The company's product candidates include Transcatheter Aortic Valve Replacement products, Transcatheter Mitral Valve Replacement/Transcatheter Tricuspid Valve Replacement products, Ancillary products, Neurointerventional products, and its product pipeline consists of transcatheter valve therapeutic and neurointerventional products and product candidates. Its operating segments are Transcatheter Valve Therapeutic Business and Neurointerventional Business.

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