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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Gross Margin % : 8.08% (As of Mar. 2024)


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What is Pangang Group Vanadium & Titanium Resources Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pangang Group Vanadium & Titanium Resources Co's Gross Profit for the three months ended in Mar. 2024 was ¥290 Mil. Pangang Group Vanadium & Titanium Resources Co's Revenue for the three months ended in Mar. 2024 was ¥3,586 Mil. Therefore, Pangang Group Vanadium & Titanium Resources Co's Gross Margin % for the quarter that ended in Mar. 2024 was 8.08%.

Warning Sign:

Pangang Group Vanadium & Titanium Resources Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.2%.


The historical rank and industry rank for Pangang Group Vanadium & Titanium Resources Co's Gross Margin % or its related term are showing as below:

SZSE:000629' s Gross Margin % Range Over the Past 10 Years
Min: 7.43   Med: 17.02   Max: 27.52
Current: 12.83


During the past 13 years, the highest Gross Margin % of Pangang Group Vanadium & Titanium Resources Co was 27.52%. The lowest was 7.43%. And the median was 17.02%.

SZSE:000629's Gross Margin % is ranked worse than
63.17% of 706 companies
in the Metals & Mining industry
Industry Median: 19.085 vs SZSE:000629: 12.83

Pangang Group Vanadium & Titanium Resources Co had a gross margin of 8.08% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Pangang Group Vanadium & Titanium Resources Co was -9.20% per year.


Pangang Group Vanadium & Titanium Resources Co Gross Margin % Historical Data

The historical data trend for Pangang Group Vanadium & Titanium Resources 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.

Pangang Group Vanadium & Titanium Resources Co Gross Margin % Chart

Pangang Group Vanadium & Titanium Resources 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 19.77 12.70 19.92 16.30 14.40

Pangang Group Vanadium & Titanium Resources 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 14.26 14.68 13.59 15.17 8.08

Competitive Comparison of Pangang Group Vanadium & Titanium Resources Co's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Pangang Group Vanadium & Titanium Resources 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.


Pangang Group Vanadium & Titanium Resources Co's Gross Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pangang Group Vanadium & Titanium Resources Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Pangang Group Vanadium & Titanium Resources Co's Gross Margin % falls into.



Pangang Group Vanadium & Titanium Resources Co Gross Margin % Calculation

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

Pangang Group Vanadium & Titanium Resources 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 )
=2071.4 / 14380.138
=(Revenue - Cost of Goods Sold) / Revenue
=(14380.138 - 12308.718) / 14380.138
=14.40 %

Pangang Group Vanadium & Titanium Resources 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 )
=289.7 / 3586.292
=(Revenue - Cost of Goods Sold) / Revenue
=(3586.292 - 3296.609) / 3586.292
=8.08 %

* 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.


Pangang Group Vanadium & Titanium Resources Co  (SZSE:000629) 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

Pangang Group Vanadium & Titanium Resources Co had a gross margin of 8.08% 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.


Pangang Group Vanadium & Titanium Resources Co Gross Margin % Related Terms

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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Business Description

Traded in Other Exchanges
N/A
Address
West Section of Gangcheng Avenue, Panzhihua Culture Square, No. 21, East District, Sichuan Province, Panzhihua, CHN, 617067
Pangang Group Vanadium Titanium & Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Headlines

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