Chinaftower International Holding Group (HKSE:08623) Gross Margin % : -0.54% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Chinaftower International Holding Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Chinaftower International Holding Group's Gross Profit for the three months ended in Dec. 2023 was HK$-0.5 Mil. Chinaftower International Holding Group's Revenue for the three months ended in Dec. 2023 was HK$85.9 Mil. Therefore, Chinaftower International Holding Group's Gross Margin % for the quarter that ended in Dec. 2023 was -0.54%.

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

HKSE:08623' s Gross Margin % Range Over the Past 10 Years
Min: -2.06 Med: 5.49 Max: 7.86
Current: 0.14

During the past 7 years, the highest Gross Margin % of Chinaftower International Holding Group was 7.86%. The lowest was -2.06%. And the median was 5.49%.

HKSE:08623's Gross Margin % is ranked worse than
96.6% of 2942 companies
in the Industrial Products industry
Industry Median: 26.47 vs HKSE:08623: 0.14

Chinaftower International Holding Group had a gross margin of -0.54% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Chinaftower International Holding Group was 0.00% per year.

Chinaftower International Holding Group Gross Margin % Historical Data

The historical data trend for Chinaftower International Holding Group'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.

Chinaftower International Holding Group Gross Margin % Chart

Chinaftower International Holding Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

7.86

7.04

1.11

-2.06

0.15

Chinaftower International Holding Group Quarterly Data
	Dec18	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															-0.93	-0.16	0.62	1.63	-0.54

Competitive Comparison of Chinaftower International Holding Group's Gross Margin %

For the Electrical Equipment & Parts subindustry, Chinaftower International Holding Group'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.

Chinaftower International Holding Group's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chinaftower International Holding Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Chinaftower International Holding Group's Gross Margin % falls into.

Chinaftower International Holding Group Gross Margin % Calculation

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

Chinaftower International Holding Group'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 )
	=	0.4	/	267.635
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(267.635 - 267.229)	/	267.635
	=	0.15 %

Chinaftower International Holding Group'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 )
	=	-0.5	/	85.855
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(85.855 - 86.322)	/	85.855
	=	-0.54 %

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.

Chinaftower International Holding Group (HKSE:08623) 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

Chinaftower International Holding Group had a gross margin of -0.54% for the quarter that ended in Dec. 2023 => No sustainable 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.

Chinaftower International Holding Group Gross Margin % Related Terms

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

Chinaftower International Holding Group (HKSE:08623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN

Website

http://www.saftower.com

China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.

Executives

Dang Fei	2201 Interest of corporation controlled by you
Dang Jun	2103 Interests held jointly with another person
Li Li	2202 Interest of your spouse
Red Fly Investment Limited	2101 Beneficial owner
Fu Chuanrong	2101 Beneficial owner
Gao Hong	2202 Interest of your spouse
Wang Xiaozhong	2201 Interest of corporation controlled by you
Xseven Investment Limited	2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

No Headlines