Hui Min Environmental Tech (ROCO:6971) Gross Margin % : 13.99% (As of Jun. 2024)

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What is Hui Min Environmental Tech Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hui Min Environmental Tech's Gross Profit for the six months ended in Jun. 2024 was NT$136 Mil. Hui Min Environmental Tech's Revenue for the six months ended in Jun. 2024 was NT$970 Mil. Therefore, Hui Min Environmental Tech's Gross Margin % for the quarter that ended in Jun. 2024 was 13.99%.

The historical rank and industry rank for Hui Min Environmental Tech's Gross Margin % or its related term are showing as below:

ROCO:6971' s Gross Margin % Range Over the Past 10 Years
Min: 8.42 Med: 9.76 Max: 12.21
Current: 12.21

During the past 3 years, the highest Gross Margin % of Hui Min Environmental Tech was 12.21%. The lowest was 8.42%. And the median was 9.76%.

ROCO:6971's Gross Margin % is ranked worse than
86.26% of 2934 companies
in the Industrial Products industry
Industry Median: 26.76 vs ROCO:6971: 12.21

Hui Min Environmental Tech had a gross margin of 13.99% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hui Min Environmental Tech was 0.00% per year.

Hui Min Environmental Tech Gross Margin % Historical Data

The historical data trend for Hui Min Environmental Tech'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.

Hui Min Environmental Tech Gross Margin % Chart

Hui Min Environmental Tech Annual Data

Trend

Dec21

Dec22

Dec23

Gross Margin %

8.42

9.76

10.21

Hui Min Environmental Tech Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial			9.54	10.02	9.76	10.57	13.99

Competitive Comparison of Hui Min Environmental Tech's Gross Margin %

For the Pollution & Treatment Controls subindustry, Hui Min Environmental Tech'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.

Hui Min Environmental Tech's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hui Min Environmental Tech's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hui Min Environmental Tech's Gross Margin % falls into.

Hui Min Environmental Tech Gross Margin % Calculation

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

Hui Min Environmental Tech'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 )
	=	195.9	/	1919.094
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1919.094 - 1723.238)	/	1919.094
	=	10.21 %

Hui Min Environmental Tech'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 )
	=	135.7	/	970.066
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(970.066 - 834.396)	/	970.066
	=	13.99 %

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.

Hui Min Environmental Tech (ROCO:6971) 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

Hui Min Environmental Tech had a gross margin of 13.99% for the quarter that ended in Jun. 2024 => 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.

Hui Min Environmental Tech Gross Margin % Related Terms

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Hui Min Environmental Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hui Min Environmental Tech Corp (ROCO:6971) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minsheng E. Road, 1F., No. 5, Aly. 2, Ln. 69, Sec. 5, Songshan District, Taipei City, TWN, 105

Website

http://www.huimin.com.tw

Hui Min Environmental Tech Corp is an environmental protection engineering construction company. It is engaged in the environmental protection business and provides environmental engineering and related professional and technical services and also includes equipment manufacturing, sales of constructions, and operational maintenance of government contracts.

Hui Min Environmental Tech Headlines

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