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Wise Living Technology Co (HKSE:02481) Gross Margin % : 15.22% (As of Dec. 2023)


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What is Wise Living Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Wise Living Technology Co's Gross Profit for the six months ended in Dec. 2023 was HK$122 Mil. Wise Living Technology Co's Revenue for the six months ended in Dec. 2023 was HK$805 Mil. Therefore, Wise Living Technology Co's Gross Margin % for the quarter that ended in Dec. 2023 was 15.22%.


The historical rank and industry rank for Wise Living Technology Co's Gross Margin % or its related term are showing as below:

HKSE:02481' s Gross Margin % Range Over the Past 10 Years
Min: 10.22   Med: 11.2   Max: 15.76
Current: 15.76

During the past 4 years, the highest Gross Margin % of Wise Living Technology Co was 15.76%. The lowest was 10.22%. And the median was 11.20%.

HKSE:02481's Gross Margin % is ranked worse than
79.9% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 35.67 vs HKSE:02481: 15.76

Wise Living Technology Co had a gross margin of 15.22% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Wise Living Technology Co was 0.00% per year.

Wise Living Technology Co Gross Margin % Historical Data

The historical data trend for Wise Living Technology Co'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.

* Premium members only.

Wise Living Technology Co Gross Margin % Chart

Wise Living Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
10.22 11.84 10.55 15.76

Wise Living Technology Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Margin % Get a 7-Day Free Trial - 11.07 10.13 16.41 15.22

Competitive Comparison of Wise Living Technology Co's Gross Margin %

For the Utilities - Independent Power Producers subindustry, Wise Living Technology Co'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.

Wise Living Technology Co's Gross Margin % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wise Living Technology Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Wise Living Technology Co's Gross Margin % falls into.


Wise Living Technology Co Gross Margin % Calculation

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

Wise Living Technology Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=233.2 / 1479.999
=(Revenue - Cost of Goods Sold) / Revenue
=(1479.999 - 1246.765) / 1479.999
=15.76 %

Wise Living Technology Co's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=122.4 / 804.561
=(Revenue - Cost of Goods Sold) / Revenue
=(804.561 - 682.141) / 804.561
=15.22 %

* 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.

Wise Living Technology Co  (HKSE:02481) 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

Wise Living Technology Co had a gross margin of 15.22% for the quarter that ended in Dec. 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.

Wise Living Technology Co Gross Margin % Related Terms

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Wise Living Technology Co (HKSE:02481) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » Gross Margin %
Comparable Companies
HKSE:01853 HKSE:01281 HKSE:01671 SHSE:600900 HKSE:01816 BOM:533096 SHSE:600011 VST LSE:CNA BOM:539254 HKSE:00006 NRG HKSE:00836 BOM:500400 SHSE:600674 SHSE:600023 NSE:JSWENERGY SHSE:601991 BUE:PAMP DFM:EMPOWER
Traded in Other Exchanges
N/A
Address
No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN
Website
http://www.hjkj.cn
Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.
Executives
Galaxy Way Development Limited 2101 Beneficial owner
Gofintech Innovation Limited 2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited 2101 Beneficial owner
Zhou Xiaoping 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si 2101 Beneficial owner

Wise Living Technology Co (HKSE:02481) Headlines

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