Meiwu Technology Co (Meiwu Technology Co) Gross Margin % : 22.98% (As of Jun. 2023)

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What is Meiwu Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Meiwu Technology Co's Gross Profit for the six months ended in Jun. 2023 was $2.46 Mil. Meiwu Technology Co's Revenue for the six months ended in Jun. 2023 was $10.68 Mil. Therefore, Meiwu Technology Co's Gross Margin % for the quarter that ended in Jun. 2023 was 22.98%.

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

WNW' s Gross Margin % Range Over the Past 10 Years
Min: 10.7 Med: 21.17 Max: 24.78
Current: 16.98

During the past 5 years, the highest Gross Margin % of Meiwu Technology Co was 24.78%. The lowest was 10.70%. And the median was 21.17%.

WNW's Gross Margin % is ranked worse than
83.47% of 1095 companies
in the Retail - Cyclical industry
Industry Median: 36.51 vs WNW: 16.98

Meiwu Technology Co had a gross margin of 22.98% for the quarter that ended in Jun. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Meiwu Technology Co was 0.00% per year.

Meiwu Technology Co Gross Margin % Historical Data

The historical data trend for Meiwu 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.

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Meiwu Technology Co Gross Margin % Chart

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

21.17

24.78

18.79

23.17

10.70

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Margin %	Get a 7-Day Free Trial					22.65	23.98	12.95	10.44	22.98

Competitive Comparison of Meiwu Technology Co's Gross Margin %

For the Internet Retail subindustry, Meiwu 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.

Meiwu Technology Co's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meiwu Technology Co's Gross Margin % distribution charts can be found below:

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

Meiwu Technology Co Gross Margin % Calculation

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

Meiwu Technology Co'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 )
	=	1.2	/	10.979
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.979 - 9.804)	/	10.979
	=	10.70 %

Meiwu Technology Co'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 )
	=	2.5	/	10.683
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.683 - 8.228)	/	10.683
	=	22.98 %

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.

Meiwu Technology Co (NAS:WNW) 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

Meiwu Technology Co had a gross margin of 22.98% for the quarter that ended in Jun. 2023 => 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.

Meiwu Technology Co Gross Margin % Related Terms

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Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.