Jinko Solar Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2%.
The historical rank and industry rank for Jinko Solar Co's Gross Margin % or its related term are showing as below:
SHSE:688223'
s Gross Margin % Range Over the Past 10 Years
Min: 10.39 Med: 15.82 Max: 19.92
Current: 14.04
During the past 13 years, the highestGross Margin % of Jinko Solar Co was 19.92%. The lowest was 10.39%. And the median was 15.82%.
SHSE:688223's Gross Margin % is ranked worse than 79.12% of 972
companies
in the Semiconductors industry
Industry Median: 28.265
vs SHSE:688223: 14.04
Jinko Solar Co had a gross margin of 9.58% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Jinko Solar Co was -2.00% per year.
Jinko Solar Co Gross Margin % Historical Data
The historical data trend for Jinko Solar 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.
Competitive Comparison of Jinko Solar Co's Gross Margin %
For the Solar subindustry, Jinko Solar 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.
Jinko Solar Co's Gross Margin % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Jinko Solar Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Jinko Solar Co's Gross Margin % falls into.
* 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.
Jinko Solar Co (SHSE:688223) 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
Jinko Solar Co had a gross margin of 9.58% 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.
Jinko Solar Co Gross Margin % Related Terms
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