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Shijiazhuang Shangtai Technology Co (SZSE:001301) Gross Margin % : 26.64% (As of Mar. 2024)


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What is Shijiazhuang Shangtai Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Shijiazhuang Shangtai Technology Co's Gross Profit for the three months ended in Mar. 2024 was ¥229 Mil. Shijiazhuang Shangtai Technology Co's Revenue for the three months ended in Mar. 2024 was ¥861 Mil. Therefore, Shijiazhuang Shangtai Technology Co's Gross Margin % for the quarter that ended in Mar. 2024 was 26.64%.

Warning Sign:

Shijiazhuang Shangtai Technology Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.4%.


The historical rank and industry rank for Shijiazhuang Shangtai Technology Co's Gross Margin % or its related term are showing as below:

SZSE:001301' s Gross Margin % Range Over the Past 10 Years
Min: 25.91   Med: 37.65   Max: 41.65
Current: 25.91


During the past 6 years, the highest Gross Margin % of Shijiazhuang Shangtai Technology Co was 41.65%. The lowest was 25.91%. And the median was 37.65%.

SZSE:001301's Gross Margin % is ranked worse than
52% of 2929 companies
in the Industrial Products industry
Industry Median: 26.57 vs SZSE:001301: 25.91

Shijiazhuang Shangtai Technology Co had a gross margin of 26.64% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shijiazhuang Shangtai Technology Co was -4.40% per year.


Shijiazhuang Shangtai Technology Co Gross Margin % Historical Data

The historical data trend for Shijiazhuang Shangtai Technology 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.

Shijiazhuang Shangtai Technology Co Gross Margin % Chart

Shijiazhuang Shangtai Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 38.09 36.47 37.20 41.65 27.74

Shijiazhuang Shangtai Technology Co Quarterly Data
Dec18 Dec19 Dec20 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 34.99 25.78 22.62 28.76 26.64

Competitive Comparison of Shijiazhuang Shangtai Technology Co's Gross Margin %

For the Electrical Equipment & Parts subindustry, Shijiazhuang Shangtai Technology 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.


Shijiazhuang Shangtai Technology Co's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shijiazhuang Shangtai Technology Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shijiazhuang Shangtai Technology Co's Gross Margin % falls into.



Shijiazhuang Shangtai Technology Co Gross Margin % Calculation

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

Shijiazhuang Shangtai Technology 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 )
=1218 / 4390.761
=(Revenue - Cost of Goods Sold) / Revenue
=(4390.761 - 3172.76) / 4390.761
=27.74 %

Shijiazhuang Shangtai Technology 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 )
=229.4 / 861.218
=(Revenue - Cost of Goods Sold) / Revenue
=(861.218 - 631.771) / 861.218
=26.64 %

* 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.


Shijiazhuang Shangtai Technology Co  (SZSE:001301) 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

Shijiazhuang Shangtai Technology Co had a gross margin of 26.64% 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.


Shijiazhuang Shangtai Technology Co Gross Margin % Related Terms

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Shijiazhuang Shangtai Technology Co (SZSE:001301) Business Description

Traded in Other Exchanges
N/A
Address
West side of Nansha Highway, Lichengdao Township, Wuji County, Hebei Province, Shijiazhuang, CHN, 052461
Shijiazhuang Shangtai Technology Co Ltd specializes in the research and development, production, processing and sales of lithium-ion battery anode materials and graphitized coke. The company's products are widely used in new energy electric vehicle power batteries, consumer batteries and energy storage batteries.

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