The historical rank and industry rank for XXF Group Holdings's Gross Margin % or its related term are showing as below:
HKSE:02473'
s Gross Margin % Range Over the Past 10 Years
Min: 30.89 Med: 32.46 Max: 40.49
Current: 31.64
During the past 4 years, the highestGross Margin % of XXF Group Holdings was 40.49%. The lowest was 30.89%. And the median was 32.46%.
HKSE:02473's Gross Margin % is ranked worse than 76.63% of 368
companies
in the Credit Services industry
Industry Median: 55.99
vs HKSE:02473: 31.64
XXF Group Holdings had a gross margin of 31.77% for the quarter that ended in Jun. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for XXF Group Holdings was 0.00% per year.
XXF Group Holdings Gross Margin % Historical Data
The historical data trend for XXF Group 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.
Competitive Comparison of XXF Group Holdings's Gross Margin %
For the Credit Services subindustry, XXF Group 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.
XXF Group Holdings's Gross Margin % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, XXF Group Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where XXF Group Holdings'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.
XXF Group Holdings (HKSE:02473) 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
XXF Group Holdings had a gross margin of 31.77% for the quarter that ended in Jun. 2024 => 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.
XXF Group Holdings Gross Margin % Related Terms
Thank you for viewing the detailed overview of XXF Group Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service through its self-operated sales outlets in the PRC. The Group's principal businesses comprise automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services.
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