IT Tech Packaging (IT Tech Packaging) Gross Profit : $1.00 Mil (TTM As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is IT Tech Packaging Gross Profit?

IT Tech Packaging's gross profit for the three months ended in Dec. 2023 was $0.25 Mil. IT Tech Packaging's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1.00 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. IT Tech Packaging's gross profit for the three months ended in Dec. 2023 was $0.25 Mil. IT Tech Packaging's Revenue for the three months ended in Dec. 2023 was $20.97 Mil. Therefore, IT Tech Packaging's Gross Margin % for the quarter that ended in Dec. 2023 was 1.19%.

IT Tech Packaging had a gross margin of 1.19% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of IT Tech Packaging was 20.59%. The lowest was 1.16%. And the median was 9.24%.

Warning Sign:

IT Tech Packaging Inc gross margin has been in long-term decline. The average rate of decline per year is -27.5%.

IT Tech Packaging Gross Profit Historical Data

The historical data trend for IT Tech Packaging'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.

IT Tech Packaging Gross Profit Chart

IT Tech Packaging Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

Get a 7-Day Free Trial

13.68

5.70

11.02

4.75

1.00

IT Tech Packaging Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															1.03	-0.28	1.18	-0.15	0.25

Competitive Comparison of IT Tech Packaging's Gross Profit

For the Paper & Paper Products subindustry, IT Tech Packaging'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.

IT Tech Packaging's Gross Profit Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Gross Profit distribution charts can be found below:

* The bar in red indicates where IT Tech Packaging's Gross Profit falls into.

IT Tech Packaging Gross Profit Calculation

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

IT Tech Packaging'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
	=	86.547	-	85.547
	=	1.00

IT Tech Packaging's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	20.965	-	20.715
	=	0.25

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.00 Mil.

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

IT Tech Packaging'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	0.25	/	20.965
	=	1.19 %

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.

IT Tech Packaging (AMEX:ITP) 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

IT Tech Packaging had a gross margin of 1.19% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

IT Tech Packaging Gross Profit Related Terms

Thank you for viewing the detailed overview of IT Tech Packaging's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

IT Tech Packaging (IT Tech Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » IT Tech Packaging Inc (AMEX:ITP) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science Park, Juli Road, Xushui District, Hebei Province, Baoding City, CHN, 072550

Website

https://www.itpackaging.cn

IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.

Executives

Zhenyong Liu	director, 10 percent owner, officer: Chief Executive Officer	C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550
Jing Hao	officer: Chief Financial Officer	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550
Hon Wai Ku	director	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000
Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Winston C Yen	officer: Chief Financial Officer	345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071
Drew Bernstein	director	C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001
Zhaofang Wang	director	ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061
Fuzeng Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Xiaodong Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Chen Li	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Dahong Zhou	officer: Secretary	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Max Time Enterprise Ltd	10 percent owner	PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031
Hui Ping Cheng	director, 10 percent owner, officer: President	C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107