Joy Spreader Group Inc gross margin has been in long-term decline. The average rate of decline per year is -19%.
The historical rank and industry rank for Joy Spreader Group's Gross Margin % or its related term are showing as below:
HKSE:06988'
s Gross Margin % Range Over the Past 10 Years
Min: 8.15 Med: 25.19 Max: 33.57
Current: 8.15
During the past 7 years, the highestGross Margin % of Joy Spreader Group was 33.57%. The lowest was 8.15%. And the median was 25.19%.
HKSE:06988's Gross Margin % is ranked worse than 90.93% of 959
companies
in the Media - Diversified industry
Industry Median: 38.67
vs HKSE:06988: 8.15
Joy Spreader Group had a gross margin of 0.40% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Joy Spreader Group was -19.00% per year.
Joy Spreader Group Gross Margin % Historical Data
The historical data trend for Joy Spreader 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 Joy Spreader Group's Gross Margin %
For the Advertising Agencies subindustry, Joy Spreader 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.
Joy Spreader Group's Gross Margin % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Joy Spreader Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Joy Spreader 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.
Joy Spreader Group (HKSE:06988) 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
Joy Spreader Group had a gross margin of 0.40% for the quarter that ended in Jun. 2024 => 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.
Joy Spreader Group Gross Margin % Related Terms
Thank you for viewing the detailed overview of Joy Spreader Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joy Spreader Group Inc is a mobile new media performance-based marketing technology company in China. The company's segments include the Provision of performance-based we-media marketing services segment which mainly comprises the provision of these marketing services to help its marketing customers direct to consumer, acquire new users and sales orders, and realize product promotion on a diverse we-media network; and the Sales of E-commerce goods segment which comprises the sales of E-commerce goods on an online basis. The Others segment comprises the provision of the culture related services. It derives maximum revenue from Sale of E-commerce goods. The company operates in Mainland China and Hong Kong.
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