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Anhui Coreach Technology Co (SZSE:002983) Profitability Rank : 8 (As of Mar. 2024)


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What is Anhui Coreach Technology Co Profitability Rank?

Anhui Coreach Technology Co has the Profitability Rank of 8. It has a higher profitability and may stay that way.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

Anhui Coreach Technology Co's Operating Margin % for the quarter that ended in Mar. 2024 was 14.64%. As of today, Anhui Coreach Technology Co's Piotroski F-Score is 8.


Competitive Comparison of Anhui Coreach Technology Co's Profitability Rank

For the Electronic Components subindustry, Anhui Coreach Technology Co's Profitability Rank, along with its competitors' market caps and Profitability Rank 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.


Anhui Coreach Technology Co's Profitability Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anhui Coreach Technology Co's Profitability Rank distribution charts can be found below:

* The bar in red indicates where Anhui Coreach Technology Co's Profitability Rank falls into.



Anhui Coreach Technology Co Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Anhui Coreach Technology Co has the Profitability Rank of 8. It has a higher profitability and may stay that way.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Anhui Coreach Technology Co's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=36.602 / 250.087
=14.64 %

* 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.

2. Piotroski F-Score

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

Anhui Coreach Technology Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

Warning Sign:

Anhui Coreach Technology Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -7%.

4. Consistency of the profitability

5. Predictability Rank


Anhui Coreach Technology Co Profitability Rank Related Terms

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Anhui Coreach Technology Co (SZSE:002983) Business Description

Traded in Other Exchanges
N/A
Address
6988 Fangxing Avenue, Xinruida Technology Park, Hefei Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230000
Anhui Coreach Technology Co Ltd is engaged in research and development, production and sales of new display photoelectric systems and healthy intelligent light source systems. The company develops and promotes a series of technical schemes such as high light efficiency backlight module design, ultra-light and thin backlight module technology, high color gamut display technology, blue light reduction and eye protection display technology. Its products portfolio includes Side - in backlight, Straight Down Backlight, Miniled Backlight, Household Lighting, Commercial Lighting, Education Lighting, Backlight LED, Lighting LED, and Special LED.
Executives
Li Quan Yong Directors, executives
Lv Guo Qiang Independent director
Wang Peng Sheng Executives

Anhui Coreach Technology Co (SZSE:002983) Headlines

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