GreenTech Environmental Co (SHSE:688466) Gross Margin % : 34.79% (As of Mar. 2024)

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What is GreenTech Environmental Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GreenTech Environmental Co's Gross Profit for the three months ended in Mar. 2024 was ¥38.4 Mil. GreenTech Environmental Co's Revenue for the three months ended in Mar. 2024 was ¥110.4 Mil. Therefore, GreenTech Environmental Co's Gross Margin % for the quarter that ended in Mar. 2024 was 34.79%.

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

SHSE:688466' s Gross Margin % Range Over the Past 10 Years
Min: 30.9 Med: 33.58 Max: 39.21
Current: 39.21

During the past 8 years, the highest Gross Margin % of GreenTech Environmental Co was 39.21%. The lowest was 30.90%. And the median was 33.58%.

SHSE:688466's Gross Margin % is ranked better than
68.5% of 508 companies
in the Utilities - Regulated industry
Industry Median: 29.64 vs SHSE:688466: 39.21

GreenTech Environmental Co had a gross margin of 34.79% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for GreenTech Environmental Co was 1.40% per year.

GreenTech Environmental Co Gross Margin % Historical Data

The historical data trend for GreenTech Environmental 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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GreenTech Environmental Co Gross Margin % Chart

GreenTech Environmental Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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34.02

30.90

32.40

34.11

39.14

GreenTech Environmental Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															33.20	43.38	35.47	41.05	34.79

Competitive Comparison of GreenTech Environmental Co's Gross Margin %

For the Utilities - Regulated Water subindustry, GreenTech Environmental 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.

GreenTech Environmental Co's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, GreenTech Environmental Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where GreenTech Environmental Co's Gross Margin % falls into.

GreenTech Environmental Co Gross Margin % Calculation

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

GreenTech Environmental 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 )
	=	224.2	/	572.755
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(572.755 - 348.59)	/	572.755
	=	39.14 %

GreenTech Environmental Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	38.4	/	110.415
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(110.415 - 71.997)	/	110.415
	=	34.79 %

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.

GreenTech Environmental Co (SHSE:688466) 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

GreenTech Environmental Co had a gross margin of 34.79% for the quarter that ended in Mar. 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.

GreenTech Environmental Co Gross Margin % Related Terms

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GreenTech Environmental Co (SHSE:688466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » GreenTech Environmental Co Ltd (SHSE:688466) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjing Lize Central Park, Room 209-226, 2nd Floor, Block C, Luowa Building, No. 203, Second District, Chaoyang District, Beijing, CHN, 100102

Website

http://www.greentech.com.cn

GreenTech Environmental Co Ltd is a provider of water treatment technology solutions, operational services and resource-based products. The company focuses on engineering, construction, operation management and financing for advanced water treatment and waste-to-resources using membrane technologies.

Executives

Chen An Na

senior management

GreenTech Environmental Co (SHSE:688466) Headlines

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