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BTG Hotels (Group) Co (SHSE:600258) Gross Margin % : 36.59% (As of Mar. 2024)


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What is BTG Hotels (Group) Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. BTG Hotels (Group) Co's Gross Profit for the three months ended in Mar. 2024 was ¥675 Mil. BTG Hotels (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥1,845 Mil. Therefore, BTG Hotels (Group) Co's Gross Margin % for the quarter that ended in Mar. 2024 was 36.59%.

Warning Sign:

BTG Hotels (Group) Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -23%.


The historical rank and industry rank for BTG Hotels (Group) Co's Gross Margin % or its related term are showing as below:

SHSE:600258' s Gross Margin % Range Over the Past 10 Years
Min: 12.62   Med: 62.26   Max: 94.64
Current: 39.31


During the past 13 years, the highest Gross Margin % of BTG Hotels (Group) Co was 94.64%. The lowest was 12.62%. And the median was 62.26%.

SHSE:600258's Gross Margin % is ranked worse than
56.71% of 767 companies
in the Travel & Leisure industry
Industry Median: 43.25 vs SHSE:600258: 39.31

BTG Hotels (Group) Co had a gross margin of 36.59% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for BTG Hotels (Group) Co was -23.00% per year.


BTG Hotels (Group) Co Gross Margin % Historical Data

The historical data trend for BTG Hotels (Group) Co'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.

BTG Hotels (Group) Co Gross Margin % Chart

BTG Hotels (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.68 12.62 26.15 15.70 38.12

BTG Hotels (Group) Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.66 40.75 45.42 33.02 36.59

Competitive Comparison of BTG Hotels (Group) Co's Gross Margin %

For the Lodging subindustry, BTG Hotels (Group) Co'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.


BTG Hotels (Group) Co's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BTG Hotels (Group) Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where BTG Hotels (Group) Co's Gross Margin % falls into.



BTG Hotels (Group) Co Gross Margin % Calculation

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

BTG Hotels (Group) Co'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 )
=2970.5 / 7792.924
=(Revenue - Cost of Goods Sold) / Revenue
=(7792.924 - 4822.474) / 7792.924
=38.12 %

BTG Hotels (Group) Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=675.2 / 1845.459
=(Revenue - Cost of Goods Sold) / Revenue
=(1845.459 - 1170.236) / 1845.459
=36.59 %

* 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.


BTG Hotels (Group) Co  (SHSE:600258) 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

BTG Hotels (Group) Co had a gross margin of 36.59% for the quarter that ended in Mar. 2024 => 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.


BTG Hotels (Group) Co Gross Margin % Related Terms

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BTG Hotels (Group) Co (SHSE:600258) Business Description

Traded in Other Exchanges
N/A
Address
51 Fuxingmennei Boulevard, Xicheng District, Beijing, CHN, 100031
BTG Hotels (Group) Co Ltd engages in investment and management; hotel operation and management; property management; renting commercial premises; tourism services; development and sales of tourism products; taxi passenger transport; information consulting; exhibition and exhibition activities; catering services; design, production, agency, publishing domestic And foreign businessmen's advertising in China.

BTG Hotels (Group) Co (SHSE:600258) Headlines

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