Man King Holdings (HKSE:02193) Gross Margin % : 3.13% (As of Sep. 2023)

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What is Man King Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Man King Holdings's Gross Profit for the six months ended in Sep. 2023 was HK$5.6 Mil. Man King Holdings's Revenue for the six months ended in Sep. 2023 was HK$178.7 Mil. Therefore, Man King Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was 3.13%.

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

HKSE:02193' s Gross Margin % Range Over the Past 10 Years
Min: 7.61 Med: 15.13 Max: 42.89
Current: 7.98

During the past 10 years, the highest Gross Margin % of Man King Holdings was 42.89%. The lowest was 7.61%. And the median was 15.13%.

HKSE:02193's Gross Margin % is ranked worse than
81.96% of 1613 companies
in the Construction industry
Industry Median: 19.23 vs HKSE:02193: 7.98

Man King Holdings had a gross margin of 3.13% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Man King Holdings was 1.80% per year.

Man King Holdings Gross Margin % Historical Data

The historical data trend for Man King 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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Man King Holdings Gross Margin % Chart

Man King Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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12.16

7.61

10.63

12.59

15.38

Man King Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															16.93	9.09	18.60	11.93	3.13

Competitive Comparison of Man King Holdings's Gross Margin %

For the Engineering & Construction subindustry, Man King 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.

Man King Holdings's Gross Margin % Distribution in the Construction Industry

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

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

Man King Holdings Gross Margin % Calculation

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

Man King Holdings's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	69.6	/	452.781
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(452.781 - 383.16)	/	452.781
	=	15.38 %

Man King Holdings's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	5.6	/	178.663
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(178.663 - 173.066)	/	178.663
	=	3.13 %

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.

Man King Holdings (HKSE:02193) 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

Man King Holdings had a gross margin of 3.13% for the quarter that ended in Sep. 2023 => 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.

Man King Holdings Gross Margin % Related Terms

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Man King Holdings (HKSE:02193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Man King Holdings Ltd (HKSE:02193) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Tong Mi Road, Skyline Tower, Unit D, 10th Floor, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.manking.com.hk

Man King Holdings Ltd is an investment holding company principally engaged in the provision of civil engineering services. It derives prime revenue from civil engineering works. The engineering works undertaken are mainly related to roads and drainage; site formation and port works. The group has a business presence in Hong Kong and Mainland China, of which a majority of revenue is derived from Hong Kong.

Man King Holdings (HKSE:02193) Headlines

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