Jin Medical International (Jin Medical International) Gross Margin % : 34.01% (As of Sep. 2023)

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What is Jin Medical International Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jin Medical International's Gross Profit for the six months ended in Sep. 2023 was $3.25 Mil. Jin Medical International's Revenue for the six months ended in Sep. 2023 was $9.57 Mil. Therefore, Jin Medical International's Gross Margin % for the quarter that ended in Sep. 2023 was 34.01%.

The historical rank and industry rank for Jin Medical International's Gross Margin % or its related term are showing as below:

ZJYL' s Gross Margin % Range Over the Past 10 Years
Min: 30.63 Med: 33.13 Max: 34.23
Current: 34.23

During the past 4 years, the highest Gross Margin % of Jin Medical International was 34.23%. The lowest was 30.63%. And the median was 33.13%.

ZJYL's Gross Margin % is ranked worse than
74.31% of 798 companies
in the Medical Devices & Instruments industry
Industry Median: 52.94 vs ZJYL: 34.23

Jin Medical International had a gross margin of 34.01% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Jin Medical International was 0.00% per year.

Jin Medical International Gross Margin % Historical Data

The historical data trend for Jin Medical International'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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Jin Medical International Gross Margin % Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Gross Margin %

33.95

30.63

32.30

34.23

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial			24.26	33.09	31.53	34.44	34.01

Competitive Comparison of Jin Medical International's Gross Margin %

For the Medical Instruments & Supplies subindustry, Jin Medical International'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.

Jin Medical International's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Jin Medical International's Gross Margin % falls into.

Jin Medical International Gross Margin % Calculation

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

Jin Medical International's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	6.8	/	19.821
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19.821 - 13.036)	/	19.821
	=	34.23 %

Jin Medical International's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.3	/	9.568
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9.568 - 6.314)	/	9.568
	=	34.01 %

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.

Jin Medical International (NAS:ZJYL) 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

Jin Medical International had a gross margin of 34.01% for the quarter that ended in Sep. 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.

Jin Medical International Gross Margin % Related Terms

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Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.