Momentum Financial Holdings (HKSE:01152) Gross Margin % : 6.46% (As of Jun. 2024)

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What is Momentum Financial Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Momentum Financial Holdings's Gross Profit for the six months ended in Jun. 2024 was HK$21.3 Mil. Momentum Financial Holdings's Revenue for the six months ended in Jun. 2024 was HK$329.1 Mil. Therefore, Momentum Financial Holdings's Gross Margin % for the quarter that ended in Jun. 2024 was 6.46%.

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

HKSE:01152' s Gross Margin % Range Over the Past 10 Years
Min: 5.23 Med: 7.91 Max: 22.43
Current: 6.27

During the past 13 years, the highest Gross Margin % of Momentum Financial Holdings was 22.43%. The lowest was 5.23%. And the median was 7.91%.

HKSE:01152's Gross Margin % is ranked worse than
94.48% of 308 companies
in the Retail - Defensive industry
Industry Median: 23.175 vs HKSE:01152: 6.27

Momentum Financial Holdings had a gross margin of 6.46% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Momentum Financial Holdings was 5.50% per year.

Momentum Financial Holdings Gross Margin % Historical Data

The historical data trend for Momentum Financial Holdings'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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Momentum Financial Holdings Gross Margin % Chart

Momentum Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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5.96

7.03

8.76

7.06

6.59

Momentum Financial Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial															9.70	6.28	7.08	6.11	6.46

Competitive Comparison of Momentum Financial Holdings's Gross Margin %

For the Food Distribution subindustry, Momentum Financial Holdings'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.

Momentum Financial Holdings's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Momentum Financial Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Momentum Financial Holdings's Gross Margin % falls into.

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Momentum Financial Holdings Gross Margin % Calculation

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

Momentum Financial Holdings'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 )
	=	50.2	/	761.781
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(761.781 - 711.584)	/	761.781
	=	6.59 %

Momentum Financial Holdings's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	21.3	/	329.077
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(329.077 - 307.814)	/	329.077
	=	6.46 %

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.

Momentum Financial Holdings (HKSE:01152) 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

Momentum Financial Holdings had a gross margin of 6.46% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

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.

Momentum Financial Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of Momentum Financial Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Momentum Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Momentum Financial Holdings Ltd (HKSE:01152) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4028, Jintian Road, Fuzhong Community, Lianhua Street, Room 2408, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN

Website

https://www.1152.com.hk

Momentum Financial Holdings Ltd is engaged in finance leasing and consultancy services. The company's segments include finance leasing; Cross-border trading business of nutrition food and health care products; and Others. The majority of the revenue is derived from the cross-border trading business of nutrition food and health care products segment. Geographically, the company has a presence in Hong Kong and PRC.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Jong Yat Kit (in The Capacity As The Receiver)	2501 Other
So Man Chun (in The Capacity As The Receiver)	2501 Other
Forever Brilliance International Group Co., Limited	2101 Beneficial owner
Smith Lexi Lucia	2201 Interest of corporation controlled by you
Sun Dianying	2201 Interest of corporation controlled by you
Great River Capital Limited	2101 Beneficial owner
China Great Wall Amc (international) Holdings Company Limited	2201 Interest of corporation controlled by you
Great Wall International Investment Xx Limited	2106 Person having a security interest in shares
Triumph Hope Limited
Chan Chung Shu
Zhong Guo Chang Cheng Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Momentum Financial Holdings Headlines

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