BYD Co (BYD Co) Gross Margin % : 21.22% (As of Dec. 2023)

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What is BYD Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. BYD Co's Gross Profit for the three months ended in Dec. 2023 was $5,351 Mil. BYD Co's Revenue for the three months ended in Dec. 2023 was $25,215 Mil. Therefore, BYD Co's Gross Margin % for the quarter that ended in Dec. 2023 was 21.22%.

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

BYDDF' s Gross Margin % Range Over the Past 10 Years
Min: 13.02 Med: 16.96 Max: 20.36
Current: 20.22

During the past 13 years, the highest Gross Margin % of BYD Co was 20.36%. The lowest was 13.02%. And the median was 16.96%.

BYDDF's Gross Margin % is ranked better than
53.35% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 19.36 vs BYDDF: 20.22

BYD Co had a gross margin of 21.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for BYD Co was 2.30% per year.

BYD Co Gross Margin % Historical Data

The historical data trend for BYD 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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BYD Co Gross Margin % Chart

BYD Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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16.29

19.38

13.02

17.04

20.21

BYD Co Quarterly Data
	Mar19	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															19.00	17.86	18.72	22.12	21.22

Competitive Comparison of BYD Co's Gross Margin %

For the Auto Manufacturers subindustry, BYD 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.

BYD Co's Gross Margin % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where BYD Co's Gross Margin % falls into.

BYD Co Gross Margin % Calculation

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

BYD 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 )
	=	17052.3	/	84355.53
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(84355.53 - 67303.206)	/	84355.53
	=	20.21 %

BYD 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 )
	=	5351.2	/	25215.052
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(25215.052 - 19863.824)	/	25215.052
	=	21.22 %

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.

BYD Co (OTCPK:BYDDF) 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

BYD Co had a gross margin of 21.22% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

BYD Co Gross Margin % Related Terms

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BYD Co (BYD Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BYD Co Ltd (OTCPK:BYDDF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BYDDY:USA 01211:Hong Kong 0VSO:UK BY6:Germany 002594:China BY6:Austria

Address

No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118

Website

https://www.byd.com

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.