Cinderson Tech (Suzhou) Co (SHSE:603344) Gross Margin % : 14.41% (As of Sep. 2024)

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What is Cinderson Tech (Suzhou) Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cinderson Tech (Suzhou) Co's Gross Profit for the three months ended in Sep. 2024 was ¥95 Mil. Cinderson Tech (Suzhou) Co's Revenue for the three months ended in Sep. 2024 was ¥657 Mil. Therefore, Cinderson Tech (Suzhou) Co's Gross Margin % for the quarter that ended in Sep. 2024 was 14.41%.

The historical rank and industry rank for Cinderson Tech (Suzhou) Co's Gross Margin % or its related term are showing as below:

SHSE:603344' s Gross Margin % Range Over the Past 10 Years
Min: 16.26 Med: 17.67 Max: 19.32
Current: 17.21

During the past 5 years, the highest Gross Margin % of Cinderson Tech (Suzhou) Co was 19.32%. The lowest was 16.26%. And the median was 17.67%.

SHSE:603344's Gross Margin % is ranked worse than
75.82% of 2953 companies
in the Industrial Products industry
Industry Median: 26.71 vs SHSE:603344: 17.21

Cinderson Tech (Suzhou) Co had a gross margin of 14.41% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cinderson Tech (Suzhou) Co was 0.00% per year.

Cinderson Tech (Suzhou) Co Gross Margin % Historical Data

The historical data trend for Cinderson Tech (Suzhou) 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.

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Cinderson Tech (Suzhou) Co Gross Margin % Chart

Cinderson Tech (Suzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

16.26

17.67

16.53

18.41

19.32

Cinderson Tech (Suzhou) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial									19.41	19.93	16.77	17.95	14.41

Competitive Comparison of Cinderson Tech (Suzhou) Co's Gross Margin %

For the Electrical Equipment & Parts subindustry, Cinderson Tech (Suzhou) 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.

Cinderson Tech (Suzhou) Co's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cinderson Tech (Suzhou) Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cinderson Tech (Suzhou) Co's Gross Margin % falls into.

Cinderson Tech (Suzhou) Co Gross Margin % Calculation

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

Cinderson Tech (Suzhou) 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 )
	=	397	/	2054.289
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2054.289 - 1657.333)	/	2054.289
	=	19.32 %

Cinderson Tech (Suzhou) 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 )
	=	94.7	/	656.908
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(656.908 - 562.234)	/	656.908
	=	14.41 %

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.

Cinderson Tech (Suzhou) Co (SHSE:603344) 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

Cinderson Tech (Suzhou) Co had a gross margin of 14.41% for the quarter that ended in Sep. 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.

Cinderson Tech (Suzhou) Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Cinderson Tech (Suzhou) Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cinderson Tech (Suzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cinderson Tech (Suzhou) Co Ltd (SHSE:603344) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

Linbu Street, Weiting Street, No. 15, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215100

Website

https://www.cds.cn

Cinderson Tech (Suzhou) Co Ltd is engaged in research and development, production and sales of micro motors and related products. Its products are mainly used in the field of cleaning electrical appliances represented by vacuum cleaners, and have been simultaneously developed to other terminal application fields such as power tools and garden tools. Its product category includes DC brushless motor, Ac series motor and Dc brush motor.

Cinderson Tech (Suzhou) Co Headlines

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