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YuanShengTai Dairy Farm (HKSE:01431) Gross Margin % : 29.61% (As of Dec. 2023)


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What is YuanShengTai Dairy Farm Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. YuanShengTai Dairy Farm's Gross Profit for the six months ended in Dec. 2023 was HK$365 Mil. YuanShengTai Dairy Farm's Revenue for the six months ended in Dec. 2023 was HK$1,232 Mil. Therefore, YuanShengTai Dairy Farm's Gross Margin % for the quarter that ended in Dec. 2023 was 29.61%.


The historical rank and industry rank for YuanShengTai Dairy Farm's Gross Margin % or its related term are showing as below:

HKSE:01431' s Gross Margin % Range Over the Past 10 Years
Min: 22.98   Med: 27.16   Max: 45.66
Current: 26.75


During the past 12 years, the highest Gross Margin % of YuanShengTai Dairy Farm was 45.66%. The lowest was 22.98%. And the median was 27.16%.

HKSE:01431's Gross Margin % is ranked better than
52.63% of 1805 companies
in the Consumer Packaged Goods industry
Industry Median: 25.35 vs HKSE:01431: 26.75

YuanShengTai Dairy Farm had a gross margin of 29.61% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for YuanShengTai Dairy Farm was 1.10% per year.


YuanShengTai Dairy Farm Gross Margin % Historical Data

The historical data trend for YuanShengTai Dairy Farm'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.

YuanShengTai Dairy Farm Gross Margin % Chart

YuanShengTai Dairy Farm Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.33 29.81 26.98 24.96 26.75

YuanShengTai Dairy Farm Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 26.66 26.97 23.08 23.76 29.61

Competitive Comparison of YuanShengTai Dairy Farm's Gross Margin %

For the Farm Products subindustry, YuanShengTai Dairy Farm'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.


YuanShengTai Dairy Farm's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, YuanShengTai Dairy Farm's Gross Margin % distribution charts can be found below:

* The bar in red indicates where YuanShengTai Dairy Farm's Gross Margin % falls into.



YuanShengTai Dairy Farm Gross Margin % Calculation

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

YuanShengTai Dairy Farm'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 )
=646.1 / 2415.699
=(Revenue - Cost of Goods Sold) / Revenue
=(2415.699 - 1769.561) / 2415.699
=26.75 %

YuanShengTai Dairy Farm'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 )
=364.9 / 1232.361
=(Revenue - Cost of Goods Sold) / Revenue
=(1232.361 - 867.429) / 1232.361
=29.61 %

* 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.


YuanShengTai Dairy Farm  (HKSE:01431) 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

YuanShengTai Dairy Farm had a gross margin of 29.61% 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.


YuanShengTai Dairy Farm Gross Margin % Related Terms

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YuanShengTai Dairy Farm (HKSE:01431) Business Description

Traded in Other Exchanges
N/A
Address
Qingxiang Street, Kedong County, Heilongjiang Province, Qiqihar, CHN
YuanShengTai Dairy Farm Ltd is a China-based dairy farming company. Along with its subsidiaries, it principally engages in the production and sale of milk in the People's Republic of China. Its dairy farms are in Heilongjiang and Jilin province, which includes Gannan Oumei Farm, Kedong Oumei Farm, Kedong YST Farm, Zhenlai Farm Phase I, Kedong Yongjin Farm, Baiquan Ruixincheng Farm, and Keshan Farm. The group generates revenue from its operations mainly in Mainland China.
Executives
Leng Youbin 2201 Interest of corporation controlled by you
China Feihe Limited 2101 Beneficial owner
Garland Glory Holdings Limited 2201 Interest of corporation controlled by you
Harneys Trustees Limited 2301 Trustee
Lyb International Holding Limited 2201 Interest of corporation controlled by you

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