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Skymission Group Holdings (HKSE:01429) Gross Margin % : 0.67% (As of Sep. 2024)


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What is Skymission Group Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Skymission Group Holdings's Gross Profit for the six months ended in Sep. 2024 was HK$1.4 Mil. Skymission Group Holdings's Revenue for the six months ended in Sep. 2024 was HK$201.3 Mil. Therefore, Skymission Group Holdings's Gross Margin % for the quarter that ended in Sep. 2024 was 0.67%.

Warning Sign:

Skymission Group Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -36.2%.


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

HKSE:01429' s Gross Margin % Range Over the Past 10 Years
Min: -0.72   Med: 12.83   Max: 18.23
Current: -0.72


During the past 8 years, the highest Gross Margin % of Skymission Group Holdings was 18.23%. The lowest was -0.72%. And the median was 12.83%.

HKSE:01429's Gross Margin % is ranked worse than
96.21% of 1664 companies
in the Construction industry
Industry Median: 20.05 vs HKSE:01429: -0.72

Skymission Group Holdings had a gross margin of 0.67% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Skymission Group Holdings was -36.20% per year.


Skymission Group Holdings Gross Margin % Historical Data

The historical data trend for Skymission Group 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.

* Premium members only.

Skymission Group Holdings Gross Margin % Chart

Skymission Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Margin %
Get a 7-Day Free Trial 18.23 13.46 10.43 6.81 1.43

Skymission Group Holdings Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 10.53 2.15 4.95 -1.57 0.67

Competitive Comparison of Skymission Group Holdings's Gross Margin %

For the Engineering & Construction subindustry, Skymission Group 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.


Skymission Group Holdings's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Skymission Group Holdings's Gross Margin % distribution charts can be found below:

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



Skymission Group Holdings Gross Margin % Calculation

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

Skymission Group Holdings's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=8.7 / 608.078
=(Revenue - Cost of Goods Sold) / Revenue
=(608.078 - 599.377) / 608.078
=1.43 %

Skymission Group Holdings's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=1.4 / 201.301
=(Revenue - Cost of Goods Sold) / Revenue
=(201.301 - 199.95) / 201.301
=0.67 %

* 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.


Skymission Group Holdings  (HKSE:01429) 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

Skymission Group Holdings had a gross margin of 0.67% for the quarter that ended in Sep. 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.


Skymission Group Holdings Gross Margin % Related Terms

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Skymission Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
99-109 Castle Peak Road, Flat 3, 7th Floor, Yuen Long Trade Centre, Yuen Long, New Territories, Hong Kong, HKG
Skymission Group Holdings Ltd is a formwork works subcontractor in Hong Kong. The company's projects are categorized as building construction projects and civil engineering projects. Building construction projects involve the erection of residential buildings, commercial buildings, and/or institutional buildings. Civil engineering projects involve the construction of infrastructure. The company principally operates in one business segment, which is providing formwork works services in Hong Kong.
Executives
Sky Mission Group Limited 2101 Beneficial owner
Leung Yam Cheung 2201 Interest of corporation controlled by you

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