Cosmo Lady (China) Holdings Co (HKSE:02298) Gross Margin % : 47.58% (As of Dec. 2023)

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What is Cosmo Lady (China) Holdings Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cosmo Lady (China) Holdings Co's Gross Profit for the six months ended in Dec. 2023 was HK$723 Mil. Cosmo Lady (China) Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$1,520 Mil. Therefore, Cosmo Lady (China) Holdings Co's Gross Margin % for the quarter that ended in Dec. 2023 was 47.58%.

The historical rank and industry rank for Cosmo Lady (China) Holdings Co's Gross Margin % or its related term are showing as below:

HKSE:02298' s Gross Margin % Range Over the Past 10 Years
Min: 22.6 Med: 42.97 Max: 48.76
Current: 47.47

During the past 13 years, the highest Gross Margin % of Cosmo Lady (China) Holdings Co was 48.76%. The lowest was 22.60%. And the median was 42.97%.

HKSE:02298's Gross Margin % is ranked better than
76.98% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 26.22 vs HKSE:02298: 47.47

Cosmo Lady (China) Holdings Co had a gross margin of 47.58% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cosmo Lady (China) Holdings Co was 7.90% per year.

Cosmo Lady (China) Holdings Co Gross Margin % Historical Data

The historical data trend for Cosmo Lady (China) Holdings 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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Cosmo Lady (China) Holdings Co Gross Margin % Chart

Cosmo Lady (China) Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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22.60

48.76

42.10

46.42

47.47

Cosmo Lady (China) Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															34.19	46.60	46.21	47.35	47.58

Competitive Comparison of Cosmo Lady (China) Holdings Co's Gross Margin %

For the Apparel Manufacturing subindustry, Cosmo Lady (China) Holdings 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.

Cosmo Lady (China) Holdings Co's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cosmo Lady (China) Holdings Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cosmo Lady (China) Holdings Co's Gross Margin % falls into.

Cosmo Lady (China) Holdings Co Gross Margin % Calculation

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

Cosmo Lady (China) Holdings Co'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 )
	=	1431.4	/	3015.637
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3015.637 - 1584.253)	/	3015.637
	=	47.47 %

Cosmo Lady (China) Holdings Co'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 )
	=	723	/	1519.751
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1519.751 - 796.723)	/	1519.751
	=	47.58 %

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.

Cosmo Lady (China) Holdings Co (HKSE:02298) 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

Cosmo Lady (China) Holdings Co had a gross margin of 47.58% 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.

Cosmo Lady (China) Holdings Co Gross Margin % Related Terms

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Cosmo Lady (China) Holdings Co (HKSE:02298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cosmo Lady (China) Holdings Co Ltd (HKSE:02298) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fenggang Tianan Digital City, Building N1, Fenggang Town, Guangdong, Dongguan, CHN

Website

https://www.cosmo-lady.com.hk

Cosmo Lady (China) Holdings Co Ltd primarily manufactures intimate wear apparel such as bras, underpants, sleepwear, loungewear, and thermal clothes. The company targets both the mass market and the high-end market with its brands that include Cosmo, Secret of City Beauty, Freeday, Mayajia, Ordifen, Rubii, and Ilsee. More than half of the company's sales are to franchisees that operate company outlet stores. The remaining sales are direct to consumers through Cosmo's self-managed company outlets and e-commerce sales. Women's apparel accounts for the vast majority of the company's total sales, and all sales are generated in China.

Executives

Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Fidelity China Special Situations Plc	2101 Beneficial owner
Zheng Yaonan	2202 Interest of your spouse
Wu Xiaoli	2101 Beneficial owner
Tmf (cayman) Ltd.	2301 Trustee
Cai Shaoru	2202 Interest of your spouse
Forever Flourish International Holdings Limited	2101 Beneficial owner
Zhang Shengfeng	2201 Interest of corporation controlled by you
Cai Jingqin	2202 Interest of your spouse
Lin Zonghong	2101 Beneficial owner
Xin Feng Asset Holdings Limited	2201 Interest of corporation controlled by you
Forever Shine Holdings Limited	2101 Beneficial owner
Hong Ye Asset Holdings Limited	2201 Interest of corporation controlled by you

Cosmo Lady (China) Holdings Co (HKSE:02298) Headlines

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