COSCO SHIPPING Ports (COSCO SHIPPING Ports) Gross Margin % : 31.05% (As of Dec. 2023)

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What is COSCO SHIPPING Ports Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. COSCO SHIPPING Ports's Gross Profit for the three months ended in Dec. 2023 was $126.3 Mil. COSCO SHIPPING Ports's Revenue for the three months ended in Dec. 2023 was $406.6 Mil. Therefore, COSCO SHIPPING Ports's Gross Margin % for the quarter that ended in Dec. 2023 was 31.05%.

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

CSPKF' s Gross Margin % Range Over the Past 10 Years
Min: 23.25 Med: 29.59 Max: 37.22
Current: 29.67

During the past 13 years, the highest Gross Margin % of COSCO SHIPPING Ports was 37.22%. The lowest was 23.25%. And the median was 29.59%.

CSPKF's Gross Margin % is ranked better than
70.26% of 945 companies
in the Transportation industry
Industry Median: 20.14 vs CSPKF: 29.67

COSCO SHIPPING Ports had a gross margin of 31.05% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for COSCO SHIPPING Ports was 1.20% per year.

COSCO SHIPPING Ports Gross Margin % Historical Data

The historical data trend for COSCO SHIPPING Ports'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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COSCO SHIPPING Ports Gross Margin % Chart

COSCO SHIPPING Ports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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26.54

23.25

26.91

29.81

28.94

COSCO SHIPPING Ports Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															29.28	33.48	-	28.10	31.05

Competitive Comparison of COSCO SHIPPING Ports's Gross Margin %

For the Marine Shipping subindustry, COSCO SHIPPING Ports'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.

COSCO SHIPPING Ports's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Ports's Gross Margin % distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Ports's Gross Margin % falls into.

COSCO SHIPPING Ports Gross Margin % Calculation

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

COSCO SHIPPING Ports'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 )
	=	420.9	/	1454.353
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1454.353 - 1033.491)	/	1454.353
	=	28.94 %

COSCO SHIPPING Ports'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 )
	=	126.3	/	406.578
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(406.578 - 280.325)	/	406.578
	=	31.05 %

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.

COSCO SHIPPING Ports (OTCPK:CSPKF) 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

COSCO SHIPPING Ports had a gross margin of 31.05% 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.

COSCO SHIPPING Ports Gross Margin % Related Terms

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COSCO SHIPPING Ports (COSCO SHIPPING Ports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Ports Ltd (OTCPK:CSPKF) » Definitions » Gross Margin %

Traded in Other Exchanges

01199:Hong Kong CTH:Germany

Address

183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG

Website

https://ports.coscoshipping.com

COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.