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Jingjin Equipment (SHSE:603279) Gross Margin % : 28.36% (As of Sep. 2024)


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What is Jingjin Equipment Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jingjin Equipment's Gross Profit for the three months ended in Sep. 2024 was ¥447 Mil. Jingjin Equipment's Revenue for the three months ended in Sep. 2024 was ¥1,577 Mil. Therefore, Jingjin Equipment's Gross Margin % for the quarter that ended in Sep. 2024 was 28.36%.


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

SHSE:603279' s Gross Margin % Range Over the Past 10 Years
Min: 29.02   Med: 31.88   Max: 38.08
Current: 29.02


During the past 11 years, the highest Gross Margin % of Jingjin Equipment was 38.08%. The lowest was 29.02%. And the median was 31.88%.

SHSE:603279's Gross Margin % is ranked better than
55.81% of 2935 companies
in the Industrial Products industry
Industry Median: 26.72 vs SHSE:603279: 29.02

Jingjin Equipment had a gross margin of 28.36% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Jingjin Equipment was -0.50% per year.


Jingjin Equipment Gross Margin % Historical Data

The historical data trend for Jingjin Equipment'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.

Jingjin Equipment Gross Margin % Chart

Jingjin Equipment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.75 32.00 29.99 30.73 31.75

Jingjin Equipment Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 33.30 28.89 29.96 28.92 28.36

Competitive Comparison of Jingjin Equipment's Gross Margin %

For the Pollution & Treatment Controls subindustry, Jingjin Equipment'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.


Jingjin Equipment's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jingjin Equipment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Jingjin Equipment's Gross Margin % falls into.



Jingjin Equipment Gross Margin % Calculation

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

Jingjin Equipment'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 )
=1984 / 6249.319
=(Revenue - Cost of Goods Sold) / Revenue
=(6249.319 - 4265.328) / 6249.319
=31.75 %

Jingjin Equipment'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 )
=447.2 / 1576.961
=(Revenue - Cost of Goods Sold) / Revenue
=(1576.961 - 1129.739) / 1576.961
=28.36 %

* 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.


Jingjin Equipment  (SHSE:603279) 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

Jingjin Equipment had a gross margin of 28.36% 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.


Jingjin Equipment Gross Margin % Related Terms

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Jingjin Equipment Business Description

Traded in Other Exchanges
N/A
Address
North Head of Jinghua Road, Dezhou economic development zone, Shandong Province, Dezhou, CHN, 253034
Jingjin Equipment Inc is an environmental protection service provider of filter outfit production, filter technology overall plan solution and environment protection project contraction and operation. The comapny is engaged in the development of energy conservation and environment protection career, providing consumers by cost-effective products and professional quality service. Its products include pressure filter, vibrating centrifuge, blender, conveyor, automatic reagent feeder, double drive thickener, mud scraper, and cake breaker.
Executives
Yang Ming Jie Director
Jiang Gui Ting Directors, senior managers
Lu Yi senior management
Li Dong Qiang Directors, senior managers
Zhang Da Wei Directors, senior managers

Jingjin Equipment Headlines

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