Haosen Fintech Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.3%.
The historical rank and industry rank for Haosen Fintech Group's Gross Margin % or its related term are showing as below:
HKSE:03848'
s Gross Margin % Range Over the Past 10 Years
Min: 72.86 Med: 79.17 Max: 92.36
Current: 74.69
During the past 10 years, the highestGross Margin % of Haosen Fintech Group was 92.36%. The lowest was 72.86%. And the median was 79.17%.
HKSE:03848's Gross Margin % is ranked better than 73.91% of 368
companies
in the Credit Services industry
Industry Median: 55.15
vs HKSE:03848: 74.69
Haosen Fintech Group had a gross margin of 68.27% for the quarter that ended in Jun. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Haosen Fintech Group was -3.30% per year.
Haosen Fintech Group Gross Margin % Historical Data
The historical data trend for Haosen Fintech Group'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 Haosen Fintech Group's Gross Margin %
For the Credit Services subindustry, Haosen Fintech Group'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.
Haosen Fintech Group's Gross Margin % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Haosen Fintech Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Haosen Fintech Group'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.
Haosen Fintech Group (HKSE:03848) 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
Haosen Fintech Group had a gross margin of 68.27% 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.
Haosen Fintech Group Gross Margin % Related Terms
Thank you for viewing the detailed overview of Haosen Fintech Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the provision of financial leasing, factoring, and financial advisory services in PRC, small loans and related loan facilitation services in PRC, investment management and advisory services, securities dealing and broking services, and other financial services in Hong Kong. Its segment includes Finance lease and factoring-related services; Microcredit and loan facilitation-related services and Securities dealing and broking and other financial services. It generates the majority of its revenue from the Microcredit and loan facilitation-related services segment. Geographically, it derives a majority of its revenue from China.
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