GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Xiamen Itg Group Corp Ltd (SHSE:600755) » Definitions » Gross Margin %

Xiamen Itg Group (SHSE:600755) Gross Margin % : 1.69% (As of Mar. 2024)


View and export this data going back to 1996. Start your Free Trial

What is Xiamen Itg Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Xiamen Itg Group's Gross Profit for the three months ended in Mar. 2024 was ¥1,637 Mil. Xiamen Itg Group's Revenue for the three months ended in Mar. 2024 was ¥96,880 Mil. Therefore, Xiamen Itg Group's Gross Margin % for the quarter that ended in Mar. 2024 was 1.69%.

Warning Sign:

Xiamen Itg Group Corp Ltd gross margin has been in long-term decline. The average rate of decline per year is -16.4%.


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

SHSE:600755' s Gross Margin % Range Over the Past 10 Years
Min: 1.37   Med: 3.24   Max: 5.91
Current: 1.39


During the past 13 years, the highest Gross Margin % of Xiamen Itg Group was 5.91%. The lowest was 1.37%. And the median was 3.24%.

SHSE:600755's Gross Margin % is ranked worse than
97.2% of 143 companies
in the Industrial Distribution industry
Industry Median: 22.61 vs SHSE:600755: 1.39

Xiamen Itg Group had a gross margin of 1.69% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Xiamen Itg Group was -16.40% per year.


Xiamen Itg Group Gross Margin % Historical Data

The historical data trend for Xiamen Itg 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.

* Premium members only.

Xiamen Itg Group Gross Margin % Chart

Xiamen Itg Group 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 3.05 1.92 1.72 1.82 1.37

Xiamen Itg Group 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 1.56 0.80 1.36 2.29 1.69

Competitive Comparison of Xiamen Itg Group's Gross Margin %

For the Industrial Distribution subindustry, Xiamen Itg 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.


Xiamen Itg Group's Gross Margin % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Xiamen Itg Group's Gross Margin % distribution charts can be found below:

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



Xiamen Itg Group Gross Margin % Calculation

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

Xiamen Itg 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 )
=6412.2 / 468246.879
=(Revenue - Cost of Goods Sold) / Revenue
=(468246.879 - 461834.643) / 468246.879
=1.37 %

Xiamen Itg Group'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 )
=1636.8 / 96879.845
=(Revenue - Cost of Goods Sold) / Revenue
=(96879.845 - 95242.996) / 96879.845
=1.69 %

* 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.


Xiamen Itg Group  (SHSE:600755) 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

Xiamen Itg Group had a gross margin of 1.69% for the quarter that ended in Mar. 2024 => 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.


Xiamen Itg Group Gross Margin % Related Terms

Thank you for viewing the detailed overview of Xiamen Itg Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Xiamen Itg Group (SHSE:600755) Business Description

Traded in Other Exchanges
N/A
Address
Hubin South Road, 8-18th International Trade Building, Fujian, Xiamen, CHN, 361004
Xiamen Itg Group Corp Ltd is engaged in trading a variety of commodities like iron ores, other minerals, coal, steel, paper, textile, chemical products, farm produce, ships, tire, wood, and many others. It is also engaged in the real estate sector.
Executives
Cai Ying Bin senior management
Fan Dan senior management
Gao Shao Yong Director
Wu Yun Xuan Directors, senior managers
Zhu Da Xin senior management
Wang Yong Qing senior management
Yu Li Jie senior management
Wang Xiao Feng senior management
Ceng Yuan senior management
Lu Zheng Jian senior management
Xu Xiao Xi Director
Bo Shu Ya senior management
Xu Qiu Qin Supervisors
Lin Chen Liang Director

Xiamen Itg Group (SHSE:600755) Headlines

No Headlines