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Zhejiang Zhongxin Environmental Protection Technology Group Co (SHSE:603091) Gross Margin % : 34.24% (As of Sep. 2024)


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What is Zhejiang Zhongxin Environmental Protection Technology Group Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Profit for the three months ended in Sep. 2024 was ¥150.9 Mil. Zhejiang Zhongxin Environmental Protection Technology Group Co's Revenue for the three months ended in Sep. 2024 was ¥440.7 Mil. Therefore, Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Margin % for the quarter that ended in Sep. 2024 was 34.24%.


The historical rank and industry rank for Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Margin % or its related term are showing as below:

SHSE:603091' s Gross Margin % Range Over the Past 10 Years
Min: 28.57   Med: 33.81   Max: 40.05
Current: 34.05


During the past 5 years, the highest Gross Margin % of Zhejiang Zhongxin Environmental Protection Technology Group Co was 40.05%. The lowest was 28.57%. And the median was 33.81%.

SHSE:603091's Gross Margin % is ranked better than
74.55% of 279 companies
in the Forest Products industry
Industry Median: 19.11 vs SHSE:603091: 34.05

Zhejiang Zhongxin Environmental Protection Technology Group Co had a gross margin of 34.24% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Zhejiang Zhongxin Environmental Protection Technology Group Co was 0.00% per year.


Zhejiang Zhongxin Environmental Protection Technology Group Co Gross Margin % Historical Data

The historical data trend for Zhejiang Zhongxin Environmental Protection Technology Group 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.

* Premium members only.

Zhejiang Zhongxin Environmental Protection Technology Group Co Gross Margin % Chart

Zhejiang Zhongxin Environmental Protection Technology Group Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
40.05 39.95 33.81 28.57 31.96

Zhejiang Zhongxin Environmental Protection Technology Group Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 33.31 33.81 - 34.24

Competitive Comparison of Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Margin %

For the Paper & Paper Products subindustry, Zhejiang Zhongxin Environmental Protection Technology Group 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.


Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Margin % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Margin % falls into.



Zhejiang Zhongxin Environmental Protection Technology Group Co Gross Margin % Calculation

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

Zhejiang Zhongxin Environmental Protection Technology Group 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 )
=423.8 / 1326.062
=(Revenue - Cost of Goods Sold) / Revenue
=(1326.062 - 902.3) / 1326.062
=31.96 %

Zhejiang Zhongxin Environmental Protection Technology Group Co's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=150.9 / 440.683
=(Revenue - Cost of Goods Sold) / Revenue
=(440.683 - 289.786) / 440.683
=34.24 %

* 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.


Zhejiang Zhongxin Environmental Protection Technology Group Co  (SHSE:603091) 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

Zhejiang Zhongxin Environmental Protection Technology Group Co had a gross margin of 34.24% for the quarter that ended in Sep. 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.


Zhejiang Zhongxin Environmental Protection Technology Group Co Gross Margin % Related Terms

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Zhejiang Zhongxin Environmental Protection Technology Group Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 1, Yongsheng Road, Yongchang Street, Lanxi, Zhejiang Province, Jinhua, CHN, 321100
Zhejiang Zhongxin Environmental Protection Technology Group Co Ltd is engaged in Research and development, production and sales of naturally degradable plant fiber molding products.

Zhejiang Zhongxin Environmental Protection Technology Group Co Headlines

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