Tse Sui Luen Jewellery (International) (HKSE:00417) Gross Margin %: 31.14% (As of Sep. 2025) — 20% Below Median


HKSE:00417 Tse Sui Luen Jewellery (International) Ltd HKSE:00417
38 GF Score
Price HK$0.69
GF Value HK$0.50
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Tse Sui Luen Jewellery (International) Gross Margin %?

Tse Sui Luen Jewellery (International) HKSE:00417 -2.82% 38 Gross Margin % is 31.14% as of Sep. 2025, which is 20% below its 10-year median of 38.91. GuruFocus rates HKSE:00417 with a GF Score™ of 38/100 and a GF Value™ of HK$0.50 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,109 Retail - Cyclical companies, Tse Sui Luen Jewellery (International) ranks worse than 59.96% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Tse Sui Luen Jewellery (International)'s Gross Profit for the six months ended in Sep. 2025 was HK$228 Mil. Tse Sui Luen Jewellery (International)'s Revenue for the six months ended in Sep. 2025 was HK$732 Mil. Therefore, Tse Sui Luen Jewellery (International)'s Gross Margin % for the quarter that ended in Sep. 2025 was 31.14%.

Warning Sign:

Tse Sui Luen Jewellery (International) Ltd gross margin has been in long-term decline. The average rate of decline per year is -4%.


The historical rank and industry rank for Tse Sui Luen Jewellery (International)'s Gross Margin % or its related term are showing as below:

HKSE:00417' s Gross Margin % Range Over the Past 10 Years
Min: 29.6   Med: 38.91   Max: 46.47
Current: 31.07


During the past 13 years, the highest Gross Margin % of Tse Sui Luen Jewellery (International) was 46.47%. The lowest was 29.60%. And the median was 38.91%.

HKSE:00417's Gross Margin % is ranked worse than
59.96% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 36.26 vs HKSE:00417: 31.07

Tse Sui Luen Jewellery (International) had a gross margin of 31.14% for the quarter that ended in Sep. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Tse Sui Luen Jewellery (International) was -4.00% per year.


Tse Sui Luen Jewellery (International)  (HKSE:00417) 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

Tse Sui Luen Jewellery (International) had a gross margin of 31.14% for the quarter that ended in Sep. 2025 => 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.


Tse Sui Luen Jewellery (International) Gross Margin % Related Terms


Tse Sui Luen Jewellery (International) Gross Margin % Historical Data

* Premium members only.

The historical data trend for Tse Sui Luen Jewellery (International)'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.

Tse Sui Luen Jewellery (International) Gross Margin % Chart

Tse Sui Luen Jewellery (International) Annual Data
Trend Feb16 Feb17 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.40 35.08 29.60 34.08 31.07

Tse Sui Luen Jewellery (International) Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % 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 24.13 34.35 33.80 31.14 31.02

HKSE:00417 vs TPR: Gross Margin % Comparison

For the Luxury Goods subindustry, Tse Sui Luen Jewellery (International)'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.


Tse Sui Luen Jewellery (International) Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tse Sui Luen Jewellery (International)'s Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tse Sui Luen Jewellery (International)'s Gross Margin % falls into.


HKSE:00417
38GF Score
Tse Sui Luen Jewellery (International) Ltd HKSE:00417
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tse Sui Luen Jewellery (International) Gross Margin % Calculation

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

Tse Sui Luen Jewellery (International)'s Gross Margin for the fiscal year that ended in Mar. 2025 is calculated as

Gross Margin % (A: Mar. 2025 )=Gross Profit (A: Mar. 2025 ) / Revenue (A: Mar. 2025 )
=583.5 / 1712.297
=(Revenue - Cost of Goods Sold) / Revenue
=(1712.297 - 1128.784) / 1712.297
=34.08 %

Tse Sui Luen Jewellery (International)'s Gross Margin for the quarter that ended in Sep. 2025 is calculated as


Gross Margin % (Q: Sep. 2025 )=Gross Profit (Q: Sep. 2025 ) / Revenue (Q: Sep. 2025 )
=227.9 / 731.869
=(Revenue - Cost of Goods Sold) / Revenue
=(731.869 - 503.977) / 731.869
=31.14 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 31.14% mean?
Tse Sui Luen Jewellery (International) (HKSE:00417) has a Gross Margin % of 31.14% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Tse Sui Luen Jewellery (International) and its competitors. This is 20% below median its historical median of 38.91. Over the past decade, Tse Sui Luen Jewellery (International)'s Gross Margin % has ranged from 29.60 to 46.47. According to the industry distribution chart, Tse Sui Luen Jewellery (International) ranks #665 out of 1109 companies in the Retail - Cyclical industry, placing it in the top 60%.
Is Tse Sui Luen Jewellery (International)'s Gross Margin % too high?
Tse Sui Luen Jewellery (International)'s current Gross Margin % of 31.14% is 20% below median its 10-year median of 38.91. Over the past 10 years, this metric has ranged from a low of 29.60 to a high of 46.47. The Retail - Cyclical industry median Gross Margin % is 36.26. Tse Sui Luen Jewellery (International)'s value of 31.14% is 14.1% below this industry median. Based on the distribution chart, Tse Sui Luen Jewellery (International) ranks #665 out of 1109 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Tse Sui Luen Jewellery (International) has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tse Sui Luen Jewellery (International)'s Gross Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Tse Sui Luen Jewellery (International) ranks #665 out of 1109 companies for Gross Margin %. This places Tse Sui Luen Jewellery (International) in the lower half of its industry. The industry median Gross Margin % is 36.26. Tse Sui Luen Jewellery (International)'s value of 31.14% is 14.1% below this benchmark. Historically, Tse Sui Luen Jewellery (International)'s own Gross Margin % has ranged from 29.60 to 46.47 over the past decade. While the company's 10-year median is 38.91 vs. the industry median of 36.26, Tse Sui Luen Jewellery (International) has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.26, based on 1,109 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tse Sui Luen Jewellery (International)'s current Gross Margin % of 31.14% is 14.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Tse Sui Luen Jewellery (International) and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tse Sui Luen Jewellery (International)'s current Gross Margin % is 31.14%, which is 20% below median its own 10-year median of 38.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tse Sui Luen Jewellery (International) stock overvalued right now?
Based on GuruFocus' analysis, Tse Sui Luen Jewellery (International) (HKSE:00417) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.50, compared to a current price of HK$0.69 — trading 38% above its estimated fair value. The current Gross Margin % is 31.14%, which is 20% below median its 10-year median of 38.91 and 14.1% below the Retail - Cyclical industry median of 36.26. Tse Sui Luen Jewellery (International)'s overall GF Score™ is 38/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Tse Sui Luen Jewellery (International) (HKSE:00417), the current Gross Margin % is 31.14% as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tse Sui Luen Jewellery (International) (HKSE:00417) Overvalued in 2026?

Based on GuruFocus' analysis, Tse Sui Luen Jewellery (International) stock appears to be overvalued. The current stock price of HK$0.69 is trading 38% above its estimated GF Value™ of HK$0.50. GuruFocus considers Tse Sui Luen Jewellery (International) to be Significantly Overvalued.

Key valuation signals for HKSE:00417:

  • Gross Margin %: 31.14% (20% below median its 10-year median of 38.91)
  • GF Value™: HK$0.50 vs. price of HK$0.69 (38% above fair value)
  • GF Score™: 38/100 with 4 warning signs
  • Industry Position: 14.1% below the Retail - Cyclical median (#665 of 1109)

No single metric tells the full story. See the HKSE:00417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tse Sui Luen Jewellery (International) Business Description

Address 30 Man Yue Street, Ground Floor, Block B, Summit Building, Hunghom, Kowloon, Hong Kong, HKG
Tse Sui Luen Jewellery (International) Ltd is an investment holding company. It is engaged in the manufacture, sale, and marketing of jewelry products as well as the provision of service. The company's operating segment includes Retail Business, Wholesale Business, E-Business, and Other Businesses. It generates maximum revenue from the Retail Business segment which includes direct retail sales of jewellery products to end consumers through the physical outlets. The group derives revenue from the customers in Hong Kong and Macau, Mainland China and Other countries.
38GF Score

Get the complete analysis for HKSE:00417

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.69
Price
HK$0.50
GF Value