Qingsong Health Co (ROCO:6931) Gross Margin % : 14.91% (As of Dec. 2023)

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What is Qingsong Health Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Qingsong Health Co's Gross Profit for the six months ended in Dec. 2023 was NT$68.7 Mil. Qingsong Health Co's Revenue for the six months ended in Dec. 2023 was NT$460.8 Mil. Therefore, Qingsong Health Co's Gross Margin % for the quarter that ended in Dec. 2023 was 14.91%.

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

ROCO:6931' s Gross Margin % Range Over the Past 10 Years
Min: 7.5 Med: 13.24 Max: 36.4
Current: 13.24

During the past 5 years, the highest Gross Margin % of Qingsong Health Co was 36.40%. The lowest was 7.50%. And the median was 13.24%.

ROCO:6931's Gross Margin % is ranked worse than
91.21% of 614 companies
in the Healthcare Providers & Services industry
Industry Median: 41.535 vs ROCO:6931: 13.24

Qingsong Health Co had a gross margin of 14.91% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

Qingsong Health Co Gross Margin % Historical Data

The historical data trend for Qingsong Health 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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Qingsong Health Co Gross Margin % Chart

Qingsong Health Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

36.40

22.94

7.50

10.30

13.24

Qingsong Health Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			7.87	8.88	11.30	11.36	14.91

Competitive Comparison of Qingsong Health Co's Gross Margin %

For the Medical Care Facilities subindustry, Qingsong Health 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.

Qingsong Health Co's Gross Margin % Distribution in the Healthcare Providers & Services Industry

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

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

Qingsong Health Co Gross Margin % Calculation

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

Qingsong Health 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 )
	=	115	/	868.664
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(868.664 - 753.647)	/	868.664
	=	13.24 %

Qingsong Health 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 )
	=	68.7	/	460.798
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(460.798 - 392.11)	/	460.798
	=	14.91 %

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.

Qingsong Health Co (ROCO:6931) 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

Qingsong Health Co had a gross margin of 14.91% for the quarter that ended in Dec. 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.

Qingsong Health Co Gross Margin % Related Terms

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Qingsong Health Co (ROCO:6931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qingsong Health Co Ltd (ROCO:6931) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 219, Section 3, Zhongtou West Road, Dali District, Taichung, TWN

Website

https://www.qingsong.com.tw

Qingsong Health Co Ltd is an elderly parental care organization. It provides a variety of care solutions from home to institutions to protect families, creates a livable living environment and provides warm care services, so that the elders can spend their old age with smiles and satisfaction in their silver-haired years.

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