Ming Shing Group Holdings (Ming Shing Group Holdings) Gross Margin % : 14.68% (As of Sep. 2023)

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What is Ming Shing Group Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ming Shing Group Holdings's Gross Profit for the six months ended in Sep. 2023 was $1.94 Mil. Ming Shing Group Holdings's Revenue for the six months ended in Sep. 2023 was $13.21 Mil. Therefore, Ming Shing Group Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was 14.68%.

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

MSW's Gross Margin % is not ranked ^*
in the Construction industry.
Industry Median: 19.445
* Ranked among companies with meaningful Gross Margin % only.

Ming Shing Group Holdings had a gross margin of 14.68% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

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

Ming Shing Group Holdings Gross Margin % Historical Data

The historical data trend for Ming Shing Group Holdings'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.

Ming Shing Group Holdings Gross Margin % Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Gross Margin %

18.20

18.28

15.98

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial			18.23	18.30	18.29	13.72	14.68

Competitive Comparison of Ming Shing Group Holdings's Gross Margin %

For the Engineering & Construction subindustry, Ming Shing Group Holdings'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.

Ming Shing Group Holdings's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ming Shing Group Holdings's Gross Margin % distribution charts can be found below:

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

Ming Shing Group Holdings Gross Margin % Calculation

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

Ming Shing Group Holdings'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 )
	=	3.5	/	21.868
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(21.868 - 18.373)	/	21.868
	=	15.98 %

Ming Shing Group Holdings'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 )
	=	1.9	/	13.211
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13.211 - 11.271)	/	13.211
	=	14.68 %

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.

Ming Shing Group Holdings (NAS:MSW) 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

Ming Shing Group Holdings had a gross margin of 14.68% for the quarter that ended in Sep. 2023 => 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.

Ming Shing Group Holdings Gross Margin % Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

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