Hygeia Healthcare Holdings Co (HKSE:06078) Gross Margin % : 30.87% (As of Dec. 2023)

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What is Hygeia Healthcare Holdings Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hygeia Healthcare Holdings Co's Gross Profit for the six months ended in Dec. 2023 was HK$783 Mil. Hygeia Healthcare Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$2,534 Mil. Therefore, Hygeia Healthcare Holdings Co's Gross Margin % for the quarter that ended in Dec. 2023 was 30.87%.

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

HKSE:06078' s Gross Margin % Range Over the Past 10 Years
Min: 28.38 Med: 31.55 Max: 34.25
Current: 31.55

During the past 7 years, the highest Gross Margin % of Hygeia Healthcare Holdings Co was 34.25%. The lowest was 28.38%. And the median was 31.55%.

HKSE:06078's Gross Margin % is ranked worse than
64.12% of 616 companies
in the Healthcare Providers & Services industry
Industry Median: 41.535 vs HKSE:06078: 31.55

Hygeia Healthcare Holdings Co had a gross margin of 30.87% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Hygeia Healthcare Holdings Co was 0.50% per year.

Hygeia Healthcare Holdings Co Gross Margin % Historical Data

The historical data trend for Hygeia Healthcare Holdings 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.

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Hygeia Healthcare Holdings Co Gross Margin % Chart

Hygeia Healthcare Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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30.40

34.25

32.72

32.19

31.55

Hygeia Healthcare Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial							31.98	32.62	31.79	32.44	30.87

Competitive Comparison of Hygeia Healthcare Holdings Co's Gross Margin %

For the Medical Care Facilities subindustry, Hygeia Healthcare Holdings 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.

Hygeia Healthcare Holdings Co's Gross Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Hygeia Healthcare Holdings Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hygeia Healthcare Holdings Co's Gross Margin % falls into.

Hygeia Healthcare Holdings Co Gross Margin % Calculation

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

Hygeia Healthcare Holdings 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 )
	=	1406.9	/	4458.987
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4458.987 - 3052.112)	/	4458.987
	=	31.55 %

Hygeia Healthcare Holdings 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 )
	=	782.5	/	2534.498
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2534.498 - 1751.983)	/	2534.498
	=	30.87 %

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.

Hygeia Healthcare Holdings Co (HKSE:06078) 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

Hygeia Healthcare Holdings Co had a gross margin of 30.87% for the quarter that ended in Dec. 2023 => 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.

Hygeia Healthcare Holdings Co Gross Margin % Related Terms

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Hygeia Healthcare Holdings Co (HKSE:06078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hygeia Healthcare Holdings Co Ltd (HKSE:06078) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

HYHHF:USA

Address

No. 228 Meiyuan Road, Enterprise Square, Suites 702-707, Jing’an District, Shanghai, CHN

Website

http://www.hygeia-group.com.cn

Hygeia Healthcare Holdings Co Ltd is an oncology healthcare group in China. The company operates in three segments, namely Hospital Business, Radiotherapy Business, and Other Business. The company generates revenues by operating private for-profit hospitals it owns and provides a wide range of oncology healthcare services and other healthcare services; provision of radiotherapy center consulting services, licensing of its proprietary SRT equipment, and provision of maintenance and technical support services with its proprietary SRT equipment; and managing and operating, and receiving management fees from, private not-for-profit hospitals in which it holds organizer's interest. All of its revenues come from China.

Executives

Zhu Yiwen	2201 Interest of corporation controlled by you
Ren Ai	2202 Interest of your spouse
Zhu Jianqiao	2401 A concert party to an agreement to buy shares
Yi Fang Da Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Ren Ai	2501 Other
Amber Tree Holdings Limited	2501 Other
Century River Holdings Limited	2501 Other
Century River Investment Holdings Limited	2501 Other
Red Palm Holdings Limited	2501 Other
Red Palm Investment Holdings Limited	2501 Other
Morgan Stanley & Co. International Plc	2101 Beneficial owner
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you

Hygeia Healthcare Holdings Co (HKSE:06078) Headlines

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