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WANG & LEE Group (WANG & LEE Group) Gross Margin % : 17.61% (As of Jun. 2023)


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What is WANG & LEE Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. WANG & LEE Group's Gross Profit for the six months ended in Jun. 2023 was $0.25 Mil. WANG & LEE Group's Revenue for the six months ended in Jun. 2023 was $1.44 Mil. Therefore, WANG & LEE Group's Gross Margin % for the quarter that ended in Jun. 2023 was 17.61%.


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

WLGS' s Gross Margin % Range Over the Past 10 Years
Min: 18.04   Med: 18.85   Max: 35.76
Current: 35.76


During the past 4 years, the highest Gross Margin % of WANG & LEE Group was 35.76%. The lowest was 18.04%. And the median was 18.85%.

WLGS's Gross Margin % is ranked better than
78.96% of 1611 companies
in the Construction industry
Industry Median: 19.33 vs WLGS: 35.76

WANG & LEE Group had a gross margin of 17.61% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for WANG & LEE Group was 0.00% per year.


WANG & LEE Group Gross Margin % Historical Data

The historical data trend for WANG & LEE 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.

WANG & LEE Group Gross Margin % Chart

WANG & LEE Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
18.04 20.80 18.85 35.76

WANG & LEE Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Margin % Get a 7-Day Free Trial 20.52 30.24 13.97 17.61 40.60

Competitive Comparison of WANG & LEE Group's Gross Margin %

For the Engineering & Construction subindustry, WANG & LEE 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.


WANG & LEE Group's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Gross Margin % falls into.



WANG & LEE Group Gross Margin % Calculation

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

WANG & LEE Group's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=0.8 / 4.17
=(Revenue - Cost of Goods Sold) / Revenue
=(4.17 - 3.384) / 4.17
=18.85 %

WANG & LEE Group's Gross Margin for the quarter that ended in Jun. 2023 is calculated as


Gross Margin % (Q: Jun. 2023 )=Gross Profit (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.3 / 1.437
=(Revenue - Cost of Goods Sold) / Revenue
=(1.437 - 1.184) / 1.437
=17.61 %

* 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.


WANG & LEE Group  (NAS:WLGS) 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

WANG & LEE Group had a gross margin of 17.61% for the quarter that ended in Jun. 2023 => 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.


WANG & LEE Group Gross Margin % Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Traded in Other Exchanges
N/A
Address
3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG
WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

WANG & LEE Group (WANG & LEE Group) Headlines

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