KRP Development Holdings (HKSE:02421) Gross Margin % : 71.35% (As of Mar. 2023)

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What is KRP Development Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. KRP Development Holdings's Gross Profit for the six months ended in Mar. 2023 was HK$185.1 Mil. KRP Development Holdings's Revenue for the six months ended in Mar. 2023 was HK$259.4 Mil. Therefore, KRP Development Holdings's Gross Margin % for the quarter that ended in Mar. 2023 was 71.35%.

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

HKSE:02421' s Gross Margin % Range Over the Past 10 Years
Min: 72.44 Med: 73.22 Max: 75.69
Current: 73.75

During the past 4 years, the highest Gross Margin % of KRP Development Holdings was 75.69%. The lowest was 72.44%. And the median was 73.22%.

HKSE:02421's Gross Margin % is ranked better than
84.59% of 1655 companies
in the Real Estate industry
Industry Median: 36.55 vs HKSE:02421: 73.75

KRP Development Holdings had a gross margin of 71.35% for the quarter that ended in Mar. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for KRP Development Holdings was 0.00% per year.

KRP Development Holdings Gross Margin % Historical Data

The historical data trend for KRP Development 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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KRP Development Holdings Gross Margin % Chart

KRP Development Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Gross Margin %

72.44

72.67

75.69

73.77

KRP Development Holdings Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Gross Margin %	Get a 7-Day Free Trial			-	75.35	75.98	74.93	71.35

Competitive Comparison of KRP Development Holdings's Gross Margin %

For the Real Estate - Development subindustry, KRP Development 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.

KRP Development Holdings's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, KRP Development Holdings's Gross Margin % distribution charts can be found below:

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

KRP Development Holdings Gross Margin % Calculation

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

KRP Development 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 )
	=	588.8	/	798.152
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(798.152 - 209.369)	/	798.152
	=	73.77 %

KRP Development Holdings's Gross Margin for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	185.1	/	259.396
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(259.396 - 74.31)	/	259.396
	=	71.35 %

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.

KRP Development Holdings (HKSE:02421) 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

KRP Development Holdings had a gross margin of 71.35% for the quarter that ended in Mar. 2023 => 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.

KRP Development Holdings Gross Margin % Related Terms

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KRP Development Holdings (HKSE:02421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KRP Development Holdings Ltd (HKSE:02421) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

611–619 Castle Peak Road, Block C, 9th Floor, Southeast Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.krpd.com.hk

KRP Development Holdings Ltd is a boutique residential property developer, It is principally engaged in development and sales of residential properties in the fast-developing residential markets in Dongguan, Huizhou and Foshan. It has developed two product series for homebuyers, namely, Villas series, targeting middle income and move-up homebuyers, and Mansion, targeting first-time homebuyers and retirees.

KRP Development Holdings (HKSE:02421) Headlines

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