GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shanghai Sunglow Packaging Technology Co Ltd (SHSE:603499) » Definitions » Gross Margin %

Shanghai Sunglow Packaging Technology Co (SHSE:603499) Gross Margin % : 23.85% (As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Shanghai Sunglow Packaging Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Shanghai Sunglow Packaging Technology Co's Gross Profit for the three months ended in Sep. 2024 was ¥54.5 Mil. Shanghai Sunglow Packaging Technology Co's Revenue for the three months ended in Sep. 2024 was ¥228.4 Mil. Therefore, Shanghai Sunglow Packaging Technology Co's Gross Margin % for the quarter that ended in Sep. 2024 was 23.85%.

Warning Sign:

Shanghai Sunglow Packaging Technology Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.8%.


The historical rank and industry rank for Shanghai Sunglow Packaging Technology Co's Gross Margin % or its related term are showing as below:

SHSE:603499' s Gross Margin % Range Over the Past 10 Years
Min: 13.97   Med: 21.31   Max: 34.6
Current: 21.85


During the past 11 years, the highest Gross Margin % of Shanghai Sunglow Packaging Technology Co was 34.60%. The lowest was 13.97%. And the median was 21.31%.

SHSE:603499's Gross Margin % is ranked better than
52.89% of 380 companies
in the Packaging & Containers industry
Industry Median: 21.03 vs SHSE:603499: 21.85

Shanghai Sunglow Packaging Technology Co had a gross margin of 23.85% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shanghai Sunglow Packaging Technology Co was -3.80% per year.


Shanghai Sunglow Packaging Technology Co Gross Margin % Historical Data

The historical data trend for Shanghai Sunglow Packaging Technology 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.

Shanghai Sunglow Packaging Technology Co Gross Margin % Chart

Shanghai Sunglow Packaging Technology Co 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 18.53 16.99 13.97 16.77 19.46

Shanghai Sunglow Packaging Technology Co 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 17.21 21.04 22.21 19.95 23.85

Competitive Comparison of Shanghai Sunglow Packaging Technology Co's Gross Margin %

For the Packaging & Containers subindustry, Shanghai Sunglow Packaging Technology 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.


Shanghai Sunglow Packaging Technology Co's Gross Margin % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shanghai Sunglow Packaging Technology Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shanghai Sunglow Packaging Technology Co's Gross Margin % falls into.



Shanghai Sunglow Packaging Technology Co Gross Margin % Calculation

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

Shanghai Sunglow Packaging Technology 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 )
=135 / 694.086
=(Revenue - Cost of Goods Sold) / Revenue
=(694.086 - 559.049) / 694.086
=19.46 %

Shanghai Sunglow Packaging Technology 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 )
=54.5 / 228.351
=(Revenue - Cost of Goods Sold) / Revenue
=(228.351 - 173.888) / 228.351
=23.85 %

* 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.


Shanghai Sunglow Packaging Technology Co  (SHSE:603499) 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

Shanghai Sunglow Packaging Technology Co had a gross margin of 23.85% 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.


Shanghai Sunglow Packaging Technology Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Shanghai Sunglow Packaging Technology Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai Sunglow Packaging Technology Co Business Description

Traded in Other Exchanges
N/A
Address
299 Cuibo Road, Pudong District, Shanghai, CHN, 201315
Shanghai Sunglow Packaging Technology Co Ltd is mainly engaged in research and development, production and sales of related packaging and printing products in China. Its products mainly include color box products, label products hand bag, blister and carton.
Executives
Dong Jian Jun Director
Song Li Na Director
Cao Jun Director
Chen Ai Ping Director
Tang Hui Director
Ling Yun Director

Shanghai Sunglow Packaging Technology Co Headlines

No Headlines