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Zhongmin Baihui Retail Group (SGX:5SR) Gross Margin % : 24.00% (As of Jun. 2024)


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What is Zhongmin Baihui Retail Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Zhongmin Baihui Retail Group's Gross Profit for the six months ended in Jun. 2024 was S$22.1 Mil. Zhongmin Baihui Retail Group's Revenue for the six months ended in Jun. 2024 was S$92.2 Mil. Therefore, Zhongmin Baihui Retail Group's Gross Margin % for the quarter that ended in Jun. 2024 was 24.00%.

Warning Sign:

Zhongmin Baihui Retail Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -6.1%.


The historical rank and industry rank for Zhongmin Baihui Retail Group's Gross Margin % or its related term are showing as below:

SGX:5SR' s Gross Margin % Range Over the Past 10 Years
Min: 22.33   Med: 29.5   Max: 37.73
Current: 23.57


During the past 13 years, the highest Gross Margin % of Zhongmin Baihui Retail Group was 37.73%. The lowest was 22.33%. And the median was 29.50%.

SGX:5SR's Gross Margin % is ranked worse than
74.18% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.88 vs SGX:5SR: 23.57

Zhongmin Baihui Retail Group had a gross margin of 24.00% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Zhongmin Baihui Retail Group was -6.10% per year.


Zhongmin Baihui Retail Group Gross Margin % Historical Data

The historical data trend for Zhongmin Baihui Retail Group'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.

Zhongmin Baihui Retail Group Gross Margin % Chart

Zhongmin Baihui Retail Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Jun23 Jun24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.99 28.37 23.03 22.33 23.57

Zhongmin Baihui Retail Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Jun22 Dec22 Jun23 Dec23 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 23.29 21.99 22.67 23.13 24.00

Competitive Comparison of Zhongmin Baihui Retail Group's Gross Margin %

For the Department Stores subindustry, Zhongmin Baihui Retail Group'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.


Zhongmin Baihui Retail Group's Gross Margin % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Zhongmin Baihui Retail Group's Gross Margin % falls into.



Zhongmin Baihui Retail Group Gross Margin % Calculation

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

Zhongmin Baihui Retail Group's Gross Margin for the fiscal year that ended in Jun. 2024 is calculated as

Gross Margin % (A: Jun. 2024 )=Gross Profit (A: Jun. 2024 ) / Revenue (A: Jun. 2024 )
=43.2 / 183.29
=(Revenue - Cost of Goods Sold) / Revenue
=(183.29 - 140.095) / 183.29
=23.57 %

Zhongmin Baihui Retail Group'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 )
=22.1 / 92.156
=(Revenue - Cost of Goods Sold) / Revenue
=(92.156 - 70.04) / 92.156
=24.00 %

* 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.


Zhongmin Baihui Retail Group  (SGX:5SR) 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

Zhongmin Baihui Retail Group had a gross margin of 24.00% 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.


Zhongmin Baihui Retail Group Gross Margin % Related Terms

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Zhongmin Baihui Retail Group Business Description

Traded in Other Exchanges
N/A
Address
80 Marine Parade Road, No. 13-07 Parkway Parade, Singapore, SGP, 449269
Zhongmin Baihui Retail Group Ltd is engaged in the ownership, operation and management of department stores and supermarkets in Fujian Province, People's Republic of China. The company is involved in the operation and management of an outlet mall in Changsha, Hunan Province. The department stores offer a wide variety of clothes and accessories for men, women and children from domestic and international brands from concessionaires while the supermarkets are well stocked with a good variety of items, including fresh produce and live seafood. It derives the bulk of its revenue from sales of supermarket products and commissions from concessionaire sales.

Zhongmin Baihui Retail Group Headlines

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