Finet Group (HKSE:08317) Gross Margin % : 96.74% (As of Sep. 2023)

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What is Finet Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Finet Group's Gross Profit for the three months ended in Sep. 2023 was HK$4.89 Mil. Finet Group's Revenue for the three months ended in Sep. 2023 was HK$5.06 Mil. Therefore, Finet Group's Gross Margin % for the quarter that ended in Sep. 2023 was 96.74%.

The historical rank and industry rank for Finet Group's Gross Margin % or its related term are showing as below:

HKSE:08317' s Gross Margin % Range Over the Past 10 Years
Min: 29.3 Med: 85.48 Max: 93.66
Current: 93.66

During the past 13 years, the highest Gross Margin % of Finet Group was 93.66%. The lowest was 29.30%. And the median was 85.48%.

HKSE:08317's Gross Margin % is ranked better than
95.14% of 988 companies
in the Business Services industry
Industry Median: 34.405 vs HKSE:08317: 93.66

Finet Group had a gross margin of 96.74% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Finet Group was 0.00% per year.

Finet Group Gross Margin % Historical Data

The historical data trend for Finet 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.

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Finet Group Gross Margin % Chart

Finet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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88.79

92.78

90.56

92.57

Finet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															93.26	59.54	-	96.92	96.74

Competitive Comparison of Finet Group's Gross Margin %

For the Specialty Business Services subindustry, Finet 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.

Finet Group's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Finet Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Finet Group's Gross Margin % falls into.

Finet Group Gross Margin % Calculation

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

Finet Group's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	12.9	/	12.864
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12.864 - 0)	/	12.864
	=	N/A %

Finet Group's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4.9	/	5.059
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5.059 - 0.165)	/	5.059
	=	96.74 %

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.

Finet Group (HKSE:08317) 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

Finet Group had a gross margin of 96.74% for the quarter that ended in Sep. 2023 => 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.

Finet Group Gross Margin % Related Terms

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Finet Group (HKSE:08317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finet Group Ltd (HKSE:08317) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, 30th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

http://ir.finet.hk/en

Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.

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