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JRSS (JRSIS Health Care) Gross Margin % : 31.16% (As of Jun. 2024)


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What is JRSIS Health Care Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. JRSIS Health Care's Gross Profit for the three months ended in Jun. 2024 was $0.19 Mil. JRSIS Health Care's Revenue for the three months ended in Jun. 2024 was $0.60 Mil. Therefore, JRSIS Health Care's Gross Margin % for the quarter that ended in Jun. 2024 was 31.16%.


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

JRSS' s Gross Margin % Range Over the Past 10 Years
Min: 1.51   Med: 58.97   Max: 81.09
Current: 81.09


During the past 11 years, the highest Gross Margin % of JRSIS Health Care was 81.09%. The lowest was 1.51%. And the median was 58.97%.

JRSS's Gross Margin % is ranked better than
86.73% of 618 companies
in the Healthcare Providers & Services industry
Industry Median: 40.985 vs JRSS: 81.09

JRSIS Health Care had a gross margin of 31.16% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for JRSIS Health Care was 0.00% per year.


JRSIS Health Care Gross Margin % Historical Data

The historical data trend for JRSIS Health Care'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.

* Premium members only.

JRSIS Health Care Gross Margin % Chart

JRSIS Health Care Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.25 57.61 - 1.51 13.95

JRSIS Health Care Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.87 - - 11.40 31.16

Competitive Comparison of JRSIS Health Care's Gross Margin %

For the Medical Care Facilities subindustry, JRSIS Health Care'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.


JRSIS Health Care's Gross Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, JRSIS Health Care's Gross Margin % distribution charts can be found below:

* The bar in red indicates where JRSIS Health Care's Gross Margin % falls into.



JRSIS Health Care Gross Margin % Calculation

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

JRSIS Health Care'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 )
=0.5 / 3.462
=(Revenue - Cost of Goods Sold) / Revenue
=(3.462 - 2.979) / 3.462
=13.95 %

JRSIS Health Care's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=0.2 / 0.597
=(Revenue - Cost of Goods Sold) / Revenue
=(0.597 - 0.411) / 0.597
=31.16 %

* 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.


JRSIS Health Care  (OTCPK:JRSS) 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

JRSIS Health Care had a gross margin of 31.16% for the quarter that ended in Jun. 2024 => 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.


JRSIS Health Care Gross Margin % Related Terms

Thank you for viewing the detailed overview of JRSIS Health Care's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


JRSIS Health Care Business Description

Traded in Other Exchanges
N/A
Address
No. 19 Chang Yi Road, 3rd Floor, Building A, De Run Yuan, Chang Ming Shui, Wu Gui Shan, Zhongshan, CHN, 528458
JRSIS Health Care Corp is engaged in operating Jiarun Hospital, a private hospital with nearly 950 open beds. The Jiarun Hospital services in the areas of pediatrics, dermatology, ears, nose, and throat (ent), traditional Chinese medicine (TCM), ophthalmology, internal medicine dentistry, general surgery, rehabilitation science, gynecology, general medical services, and others. It also offers patient care and the sale of medicine in the areas of both Western and Chinese medical practices to the residents of Harbin.
Executives
Zhuowei Zhong director, 10 percent owner, officer: President 5 JUMEI BIG STREET, XIAOLAN TOWN, ZHONGSHAN CITY, GUANGDONG PROVINCE F4 528415
Zhifei Huang director, officer: Chief Executive Officer 3 FIVE ALLEY, DITANGKOU, PINGWANGGANGXIE, DATANG TOWN, SANSHUI DISTRICT, FOSHAN, GUANGDONG PROVINCE F4 528143
Zhuowen Chen director, officer: Chief Financial Officer 401 BUILDING 23, JIANGPAN NEW RESIDENTIAL QUARTERS, ZHONGSHAN CITY, GUANGDONG PROV F4 528401
Lihua Sun director, officer: Chief Executive Officer 1ST-7TH FLOOR,IND & COMM BANK BLDG,, XINGFU ST, HULAN TOWN, HULAN DISTRICT, HARBIN F4 150599
Junsheng Zhang director, 10 percent owner, officer: President and Chm of the Board 1ST-7TH FLOOR,IND & COMM BANK BLDG,, XINGFU ST, HULAN TOWN, HULAN DISTRICT, HARBIN F4 150599
Xuewei Zhang director, officer: Chief Financial Officer 1ST-7TH FL, IND & COMM BANK BLDG., XINGFU ST, HULAN TOWN, HULAN DISTRICT, HARBIN F4 150599
Yanhui Xing director A204, BLOCK 1, ZHUJIANG XUJING GARDEN, BANXUEGANG RD, LONGGANG DISTRICT, SHENZHEN F4 518000

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