GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Guangdong Tapai Group Co Ltd (SZSE:002233) » Definitions » Gross Margin %

Guangdong Tapai Group Co (SZSE:002233) Gross Margin % : 24.53% (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Guangdong Tapai Group Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Guangdong Tapai Group Co's Gross Profit for the three months ended in Mar. 2024 was ¥244 Mil. Guangdong Tapai Group Co's Revenue for the three months ended in Mar. 2024 was ¥993 Mil. Therefore, Guangdong Tapai Group Co's Gross Margin % for the quarter that ended in Mar. 2024 was 24.53%.

Warning Sign:

Guangdong Tapai Group Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -12.3%.


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

SZSE:002233' s Gross Margin % Range Over the Past 10 Years
Min: 17   Med: 29.52   Max: 40.35
Current: 26.71


During the past 13 years, the highest Gross Margin % of Guangdong Tapai Group Co was 40.35%. The lowest was 17.00%. And the median was 29.52%.

SZSE:002233's Gross Margin % is ranked better than
55.61% of 374 companies
in the Building Materials industry
Industry Median: 24.685 vs SZSE:002233: 26.71

Guangdong Tapai Group Co had a gross margin of 24.53% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Guangdong Tapai Group Co was -12.30% per year.


Guangdong Tapai Group Co Gross Margin % Historical Data

The historical data trend for Guangdong Tapai 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.

Guangdong Tapai Group Co Gross Margin % Chart

Guangdong Tapai 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 37.67 39.66 37.22 17.00 26.28

Guangdong Tapai 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 23.25 31.84 23.55 25.36 24.53

Competitive Comparison of Guangdong Tapai Group Co's Gross Margin %

For the Building Materials subindustry, Guangdong Tapai 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.


Guangdong Tapai Group Co's Gross Margin % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Guangdong Tapai Group Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Guangdong Tapai Group Co's Gross Margin % falls into.



Guangdong Tapai Group Co Gross Margin % Calculation

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

Guangdong Tapai 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 )
=1454.3 / 5534.621
=(Revenue - Cost of Goods Sold) / Revenue
=(5534.621 - 4080.365) / 5534.621
=26.28 %

Guangdong Tapai 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 )
=243.7 / 993.309
=(Revenue - Cost of Goods Sold) / Revenue
=(993.309 - 749.625) / 993.309
=24.53 %

* 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.


Guangdong Tapai Group Co  (SZSE:002233) 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

Guangdong Tapai Group Co had a gross margin of 24.53% 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.


Guangdong Tapai Group Co Gross Margin % Related Terms

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


Guangdong Tapai Group Co (SZSE:002233) Business Description

Traded in Other Exchanges
N/A
Address
Tapai Builing, Jiaocheng Town, Jiaoling County, Guangdong, CHN, 514100
Guangdong Tapai Group Co Ltd is engaged in production and sale of cement. The company provides different levels of cement like 32.5R, 42.5R, and 52.R under the brand yueta tower, jiaying, and hengta. This cement can be used for applications such as high rise buildings, roads and bridges, airport runways, and port terminals.

Guangdong Tapai Group Co (SZSE:002233) Headlines

No Headlines