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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Time Watch InvestmentsHKSE:02033 48 Gross Margin % is 64.76% as of Dec. 2025, which is 11% below its 10-year median of 72.69. GuruFocus rates HKSE:02033 with a GF Score™ of 48/100 and a GF Value™ of HK$0.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,025 Manufacturing - Apparel & Accessories companies, Time Watch Investments ranks better than 94.15% on this metric.
HKSE:02033's Gross Margin % is ranked better than 94.15% of 1025
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.34
vs HKSE:02033: 67.69
Time Watch Investments had a gross margin of 64.76% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Time Watch Investments was -1.20% per year.
Time Watch Investments (HKSE:02033) 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
Time Watch Investments had a gross margin of 64.76% for the quarter that ended in Dec. 2025 => Durable 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.
Time Watch Investments Gross Margin % Related Terms
Time Watch Investments Gross Margin % Historical Data
* Premium members only.
The historical data trend for Time Watch Investments'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.
HKSE:02033 vs NKE, DECK, ONON: Gross Margin % Comparison
For the Footwear & Accessories subindustry, Time Watch Investments'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.
Time Watch Investments Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Time Watch Investments's Gross Margin % falls into.
* 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.
Time Watch Investments (HKSE:02033) has a Gross Margin % of 64.76% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Time Watch Investments and its competitors. This is 11% below median its historical median of 72.69. Over the past decade, Time Watch Investments' Gross Margin % has ranged from 66.92 to 75.44. According to the industry distribution chart, Time Watch Investments ranks #60 out of 1025 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 5.9%.
Is Time Watch Investments' Gross Margin % too high?
Time Watch Investments' current Gross Margin % of 64.76% is 11% below median its 10-year median of 72.69. Over the past 10 years, this metric has ranged from a low of 66.92 to a high of 75.44. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.34. Time Watch Investments' value of 64.76% is 128.5% above this industry median. Based on the distribution chart, Time Watch Investments ranks #60 out of 1025 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Time Watch Investments has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Time Watch Investments' Gross Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Time Watch Investments ranks #60 out of 1025 companies for Gross Margin %. This places Time Watch Investments in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.34. Time Watch Investments' value of 64.76% is 128.5% above this benchmark. Historically, Time Watch Investments' own Gross Margin % has ranged from 66.92 to 75.44 over the past decade. While the company's 10-year median is 72.69 vs. the industry median of 28.34, Time Watch Investments has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.34, based on 1,025 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. Time Watch Investments's current Gross Margin % of 64.76% is 128.5% above 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 Time Watch Investments and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Time Watch Investments's current Gross Margin % is 64.76%, which is 11% below median its own 10-year median of 72.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Time Watch Investments stock overvalued right now?
Based on GuruFocus' analysis, Time Watch Investments (HKSE:02033) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.23 — trading 0.9% above its estimated fair value. The current Gross Margin % is 64.76%, which is 11% below median its 10-year median of 72.69 and 128.5% above the Manufacturing - Apparel & Accessories industry median of 28.34. Time Watch Investments' overall GF Score™ is 48/100 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 Time Watch Investments (HKSE:02033), the current Gross Margin % is 64.76% as of Dec. 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 Time Watch Investments (HKSE:02033) Overvalued in 2026?
Based on GuruFocus' analysis, Time Watch Investments stock appears to be overvalued.
The current stock price of HK$0.23 is trading 0.9% above its estimated GF Value™ of HK$0.23.
GuruFocus considers Time Watch Investments to be Fairly Valued.
Key valuation signals for HKSE:02033:
Gross Margin %: 64.76% (11% below median its 10-year median of 72.69)
GF Value™: HK$0.23 vs. price of HK$0.23 (0.9% above fair value)
Industry Position: 128.5% above the Manufacturing - Apparel & Accessories median (#60 of 1025)
No single metric tells the full story. See the HKSE:02033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator, and the Asia Pacific.
48GF Score
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