Gross Margin % is calculated as gross profit divided by its revenue. Fenbi's Gross Profit for the
six
months ended in Jun. 2024 was HK$951 Mil. Fenbi's Revenue for the
six
months ended in Jun. 2024 was HK$1,755 Mil. Therefore, Fenbi's Gross Margin % for the quarter that ended in Jun. 2024 was 54.17%.
The historical rank and industry rank for Fenbi's Gross Margin % or its related term are showing as below:
HKSE:02469'
s Gross Margin % Range Over the Past 10 Years
Min: 22.98 Med: 46.22 Max: 53.79
Current: 53.79
During the past 5 years, the highestGross Margin % of Fenbi was 53.79%. The lowest was 22.98%. And the median was 46.22%.
HKSE:02469's Gross Margin % is ranked better than 61.29% of 248
companies
in the Education industry
Industry Median: 47.63
vs HKSE:02469: 53.79
Fenbi had a gross margin of 54.17% for the quarter that ended in Jun. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Fenbi was 0.00% per year.
Fenbi Gross Margin % Historical Data
The historical data trend for Fenbi'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.
For the Education & Training Services subindustry, Fenbi'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.
Fenbi's Gross Margin % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Fenbi's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Fenbi'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.
Fenbi (HKSE:02469) 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
Fenbi had a gross margin of 54.17% for the quarter that ended in Jun. 2024 => 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.
Fenbi Gross Margin % Related Terms
Thank you for viewing the detailed overview of Fenbi's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. It is a career test preparation service provider in China, providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and several professions and industries. It helps college graduates excel in the competitive selection process administered by governmental institutions and helps professionals obtain the relevant qualifications. Its segments are Tutoring services and Sales of books. It generates the majority of its revenue from Tutoring services which are classroom-based platforms teaching to the students who physically attend the lecture centers or through an online platform.
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