Huijing Holdings Co (HKSE:09968) Gross Margin % : 27.48% (As of Dec. 2023)

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What is Huijing Holdings Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Huijing Holdings Co's Gross Profit for the six months ended in Dec. 2023 was HK$276 Mil. Huijing Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$1,004 Mil. Therefore, Huijing Holdings Co's Gross Margin % for the quarter that ended in Dec. 2023 was 27.48%.

Warning Sign:

Huijing Holdings Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -21.8%.

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

HKSE:09968' s Gross Margin % Range Over the Past 10 Years
Min: 8.08 Med: 33.02 Max: 54.28
Current: 27.46

During the past 8 years, the highest Gross Margin % of Huijing Holdings Co was 54.28%. The lowest was 8.08%. And the median was 33.02%.

HKSE:09968's Gross Margin % is ranked worse than
63.34% of 1653 companies
in the Real Estate industry
Industry Median: 36.78 vs HKSE:09968: 27.46

Huijing Holdings Co had a gross margin of 27.48% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Huijing Holdings Co was -21.80% per year.

Huijing Holdings Co Gross Margin % Historical Data

The historical data trend for Huijing 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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Huijing Holdings Co Gross Margin % Chart

Huijing Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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45.62

34.63

31.40

8.08

27.46

Huijing Holdings Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial									32.97	24.85	-18.82	26.59	27.48

Competitive Comparison of Huijing Holdings Co's Gross Margin %

For the Real Estate - Development subindustry, Huijing 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.

Huijing Holdings Co's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Huijing Holdings Co's Gross Margin % distribution charts can be found below:

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

Huijing Holdings Co Gross Margin % Calculation

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

Huijing 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 )
	=	282.7	/	1029.485
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1029.485 - 746.835)	/	1029.485
	=	27.46 %

Huijing 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 )
	=	275.8	/	1003.829
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1003.829 - 728.001)	/	1003.829
	=	27.48 %

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.

Huijing Holdings Co (HKSE:09968) 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

Huijing Holdings Co had a gross margin of 27.48% 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.

Huijing Holdings Co Gross Margin % Related Terms

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Huijing Holdings Co (HKSE:09968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Huijing Holdings Co Ltd (HKSE:09968) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

1, Beihuan Lu, Houjiezhen, Guangdong, Dongguan, CHN

Website

http://www.huijingholdings.com

Huijing Holdings Co Ltd is an integrated residential and commercial property developer in China. The company's property projects comprise residential property projects, integrated property projects and property projects promoting specific industry. Its residential properties include apartments, townhouses, mansions, and villas. Its commercial properties include retail outlets, shopping malls, offices, grant land contracts, and hotels. The Group is principally engaged in one single operating segment: Property development and investment business.

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