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Changzhou Nrb (SZSE:002708) Gross Margin % : 16.28% (As of Mar. 2024)


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What is Changzhou Nrb Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Changzhou Nrb's Gross Profit for the three months ended in Mar. 2024 was ¥93 Mil. Changzhou Nrb's Revenue for the three months ended in Mar. 2024 was ¥570 Mil. Therefore, Changzhou Nrb's Gross Margin % for the quarter that ended in Mar. 2024 was 16.28%.

Warning Sign:

Changzhou Nrb Corp gross margin has been in long-term decline. The average rate of decline per year is -24.7%.


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

SZSE:002708' s Gross Margin % Range Over the Past 10 Years
Min: 2.69   Med: 19.63   Max: 32.98
Current: 11.86


During the past 13 years, the highest Gross Margin % of Changzhou Nrb was 32.98%. The lowest was 2.69%. And the median was 19.63%.

SZSE:002708's Gross Margin % is ranked worse than
77.68% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 19.545 vs SZSE:002708: 11.86

Changzhou Nrb had a gross margin of 16.28% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Changzhou Nrb was -24.70% per year.


Changzhou Nrb Gross Margin % Historical Data

The historical data trend for Changzhou Nrb'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.

Changzhou Nrb Gross Margin % Chart

Changzhou Nrb 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 18.95 18.69 13.44 2.69 9.60

Changzhou Nrb Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.32 11.68 8.93 10.01 16.28

Competitive Comparison of Changzhou Nrb's Gross Margin %

For the Auto Parts subindustry, Changzhou Nrb'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.


Changzhou Nrb's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changzhou Nrb's Gross Margin % distribution charts can be found below:

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



Changzhou Nrb Gross Margin % Calculation

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

Changzhou Nrb'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 )
=175 / 1823.075
=(Revenue - Cost of Goods Sold) / Revenue
=(1823.075 - 1648.112) / 1823.075
=9.60 %

Changzhou Nrb's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=92.8 / 569.817
=(Revenue - Cost of Goods Sold) / Revenue
=(569.817 - 477.051) / 569.817
=16.28 %

* 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.


Changzhou Nrb  (SZSE:002708) 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

Changzhou Nrb had a gross margin of 16.28% for the quarter that ended in Mar. 2024 => 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.


Changzhou Nrb Gross Margin % Related Terms

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Changzhou Nrb (SZSE:002708) Business Description

Traded in Other Exchanges
N/A
Address
No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022
Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Changzhou Nrb (SZSE:002708) Headlines

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