GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Baozun Inc (NAS:BZUN) » Definitions » Gross Margin %

Baozun (Baozun) Gross Margin % : 45.84% (As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Baozun Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Baozun's Gross Profit for the three months ended in Dec. 2023 was $179 Mil. Baozun's Revenue for the three months ended in Dec. 2023 was $389 Mil. Therefore, Baozun's Gross Margin % for the quarter that ended in Dec. 2023 was 45.84%.


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

BZUN' s Gross Margin % Range Over the Past 10 Years
Min: 20.68   Med: 36.86   Max: 44.21
Current: 44.2


During the past 12 years, the highest Gross Margin % of Baozun was 44.21%. The lowest was 20.68%. And the median was 36.86%.

BZUN's Gross Margin % is ranked better than
63.68% of 1093 companies
in the Retail - Cyclical industry
Industry Median: 36.65 vs BZUN: 44.20

Baozun had a gross margin of 45.84% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Baozun was 2.30% per year.


Baozun Gross Margin % Historical Data

The historical data trend for Baozun'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.

Baozun Gross Margin % Chart

Baozun 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 38.82 36.90 36.81 40.77 44.21

Baozun Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 43.88 43.18 42.52 44.94 45.84

Competitive Comparison of Baozun's Gross Margin %

For the Internet Retail subindustry, Baozun'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.


Baozun's Gross Margin % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Baozun's Gross Margin % falls into.



Baozun Gross Margin % Calculation

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

Baozun'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 )
=545.6 / 1234.141
=(Revenue - Cost of Goods Sold) / Revenue
=(1234.141 - 688.554) / 1234.141
=44.21 %

Baozun's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=178.5 / 389.403
=(Revenue - Cost of Goods Sold) / Revenue
=(389.403 - 210.896) / 389.403
=45.84 %

* 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.


Baozun  (NAS:BZUN) 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

Baozun had a gross margin of 45.84% for the quarter that ended in Dec. 2023 => Durable 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.


Baozun Gross Margin % Related Terms

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


Baozun (Baozun) Business Description

Traded in Other Exchanges
Address
348 Kwun Tong Road, 5th floor, Manulife Place, Kowloon, Hong Kong, CHN
Baozun Inc is an e-commerce service partner that helps brands execute their e-commerce strategies in China by selling their goods directly to customers online or by providing services to assist with their e-commerce operations. Its integrated end-to-end brand e-commerce capabilities encompass all aspects of the e-commerce value chain, covering IT solutions, store operations, digital marketing, customer services, warehousing and fulfillment. It delivers omni-channel solutions to create shopping experience across various touch points online and offline. It services brand partners in diverse categories, including apparel and accessories; appliances; electronics; home and furnishings; food and health products; beauty and cosmetics; FMCG, and mother and baby products, among others.