Jiashili Group's gross profit for the
six
months ended in Dec. 2023 was HK$285 Mil. Jiashili Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$550 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Jiashili Group's gross profit for the
six
months ended in Dec. 2023 was HK$285 Mil. Jiashili Group's Revenue for the
six
months ended in Dec. 2023 was HK$974 Mil. Therefore, Jiashili Group's Gross Margin % for the quarter that ended in Dec. 2023 was 29.29%.
Jiashili Group had a gross margin of 29.29% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 11 years, the highestGross Margin % of Jiashili Group was 35.01%. The lowest was 26.19%. And the median was 31.92%.
Warning Sign:
Jiashili Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.5%.
Jiashili Group Gross Profit Historical Data
The historical data trend for Jiashili Group's Gross Profit 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.
Competitive Comparison of Jiashili Group's Gross Profit
For the Packaged Foods subindustry, Jiashili Group's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Jiashili Group's Gross Profit Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiashili Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Jiashili Group's Gross Profit falls into.
Jiashili Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Jiashili Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$550 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Jiashili Group (HKSE:01285) Gross Profit 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
Jiashili Group had a gross margin of 29.29% for the quarter that ended in Dec. 2023 => Competition eroding margins
Jiashili Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Jiashili Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiashili Group Ltd is an investment holding company, which engages in the manufacture and sale of candy and biscuits in the People's Republic of China. The company offers Breakfast, Crisp, Sandwich, Wafers, Coarse grain series products and others, along with Soda biscuits, Cookies, Short biscuits, and Mooncakes. It is also involved in the wholesale and retail of pre-packaged food products. The group generates majority revenue from the sales of Breakfast biscuit series products. All of the group's operations are located in the PRC. It sells products in the PRC and also exports it to other countries.
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