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Shinva Medical Instrument Co (SHSE:600587) Gross Profit : ¥2,725 Mil (TTM As of Mar. 2024)


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What is Shinva Medical Instrument Co Gross Profit?

Shinva Medical Instrument Co's gross profit for the three months ended in Mar. 2024 was ¥624 Mil. Shinva Medical Instrument Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,725 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Shinva Medical Instrument Co's gross profit for the three months ended in Mar. 2024 was ¥624 Mil. Shinva Medical Instrument Co's Revenue for the three months ended in Mar. 2024 was ¥2,529 Mil. Therefore, Shinva Medical Instrument Co's Gross Margin % for the quarter that ended in Mar. 2024 was 24.68%.

Shinva Medical Instrument Co had a gross margin of 24.68% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Shinva Medical Instrument Co was 27.37%. The lowest was 19.85%. And the median was 22.59%.


Shinva Medical Instrument Co Gross Profit Historical Data

The historical data trend for Shinva Medical Instrument Co'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.

* Premium members only.

Shinva Medical Instrument Co Gross Profit Chart

Shinva Medical Instrument Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,861.32 2,130.06 2,299.54 2,453.99 2,740.56

Shinva Medical Instrument Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit 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 639.36 750.89 635.32 714.99 624.11

Competitive Comparison of Shinva Medical Instrument Co's Gross Profit

For the Medical Devices subindustry, Shinva Medical Instrument Co'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.


Shinva Medical Instrument Co's Gross Profit Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shinva Medical Instrument Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Shinva Medical Instrument Co's Gross Profit falls into.



Shinva Medical Instrument Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Shinva Medical Instrument Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=10011.868 - 7271.306
=2,741

Shinva Medical Instrument Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=2528.539 - 1904.428
=624

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,725 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Shinva Medical Instrument Co'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=624 / 2528.539
=24.68 %

* 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.


Shinva Medical Instrument Co  (SHSE:600587) 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

Shinva Medical Instrument Co had a gross margin of 24.68% for the quarter that ended in Mar. 2024 => Competition eroding margins


Shinva Medical Instrument Co Gross Profit Related Terms

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Shinva Medical Instrument Co (SHSE:600587) Business Description

Traded in Other Exchanges
N/A
Address
Xinhua Medical Technology Park, New and High-Technology Development Zone, Shandong, Zibo, CHN, 255086
Shinva Medical Instrument Co Ltd manufactures medical instruments in China. Its main products include sterilizers and testing products, radiotherapy and digital diagnosis equipment, surgical instruments and pharmaceutical machinery.

Shinva Medical Instrument Co (SHSE:600587) Headlines

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