SECOY (Secoo Holding) Gross Margin %: -49.10% (As of Jun. 2022)

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SECOY Secoo Holding Ltd SECOY
12 GF Score
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What is Secoo Holding Gross Margin %?

Secoo Holding SECOY 12 Gross Margin % is -49.10% as of Jun. 2022. GuruFocus rates SECOY with a GF Score™ of 12/100.

Gross Margin % is calculated as gross profit divided by its revenue. Secoo Holding's Gross Profit for the six months ended in Jun. 2022 was $-85.4 Mil. Secoo Holding's Revenue for the six months ended in Jun. 2022 was $173.9 Mil. Therefore, Secoo Holding's Gross Margin % for the quarter that ended in Jun. 2022 was -49.10%.


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


SECOY's Gross Margin % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 36.25
* Ranked among companies with meaningful Gross Margin % only.

Secoo Holding had a gross margin of -49.10% for the quarter that ended in Jun. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Secoo Holding was 0.00% per year.


Secoo Holding  (OTCPK:SECOY) 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

Secoo Holding had a gross margin of -49.10% for the quarter that ended in Jun. 2022 => 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.


Secoo Holding Gross Margin % Related Terms


Secoo Holding Gross Margin % Historical Data

* Premium members only.

The historical data trend for Secoo Holding'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.

Secoo Holding Gross Margin % Chart

Secoo Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Get a 7-Day Free Trial 16.36 17.81 17.48 14.64 3.77

Secoo Holding Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 16.02 13.78 19.83 -11.48 -49.10

SECOY vs PIK, MOGU, HWGC: Gross Margin % Comparison

For the Internet Retail subindustry, Secoo Holding'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.


Secoo Holding Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Secoo Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Secoo Holding's Gross Margin % falls into.


SECOY
12GF Score
Secoo Holding Ltd SECOY
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Secoo Holding Gross Margin % Calculation

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

Secoo Holding's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=18.6 / 491.675
=(Revenue - Cost of Goods Sold) / Revenue
=(491.675 - 473.124) / 491.675
=3.77 %

Secoo Holding's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=-85.4 / 173.895
=(Revenue - Cost of Goods Sold) / Revenue
=(173.895 - 259.276) / 173.895
=-49.10 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of -49.10% mean?
Secoo Holding (SECOY) has a Gross Margin % of -49.10% as of Jun. 2022. Gross margin is the ratio of total gross profit to net sales. View historical data on Secoo Holding and its competitors.
Is Secoo Holding's Gross Margin % too high?
Secoo Holding's current Gross Margin % is -49.10%. Overall, Secoo Holding has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Secoo Holding's Gross Margin % compare to PIK and MOGU?
Secoo Holding's Gross Margin % of -49.10% can be compared against companies in the Retail - Cyclical industry. The industry median Gross Margin % is 36.25. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.25, based on 1,121 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Secoo Holding and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secoo Holding's current Gross Margin % is -49.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secoo Holding stock overvalued right now?
Secoo Holding (SECOY) has a current Gross Margin % of -49.10%. The current Gross Margin % is -49.10%. Secoo Holding's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Secoo Holding (SECOY), the current Gross Margin % is -49.10% as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Secoo Holding Business Description

Address No. 3 Courtyard Building 2, Sanlitun Road A, Chaoyang District, Beijing, CHN, 100027
Secoo Holding Ltd operates an online and offline shopping platform in China. It operates as an online retailer in China through the website, mobile applications, and offline experience centers in Beijing, Shanghai, Chengdu, Tianjin, Xiamen, Qingdao, and Malaysia. Also, the company is cooperating with brand boutiques such as Versace boutiques for its customers to pick up products ordered on its online platform. The majority of revenue is generated from its online business. Its geographical segments are China, Hongkong, and Others, of which the majority of the revenue is generated from China.
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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