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China National Accord Medicines (SZSE:000028) Gross Margin % : 10.86% (As of Mar. 2024)


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What is China National Accord Medicines Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. China National Accord Medicines's Gross Profit for the three months ended in Mar. 2024 was ¥2,073 Mil. China National Accord Medicines's Revenue for the three months ended in Mar. 2024 was ¥19,090 Mil. Therefore, China National Accord Medicines's Gross Margin % for the quarter that ended in Mar. 2024 was 10.86%.


The historical rank and industry rank for China National Accord Medicines's Gross Margin % or its related term are showing as below:

SZSE:000028' s Gross Margin % Range Over the Past 10 Years
Min: 8.15   Med: 11.67   Max: 12.15
Current: 11.85


During the past 13 years, the highest Gross Margin % of China National Accord Medicines was 12.15%. The lowest was 8.15%. And the median was 11.67%.

SZSE:000028's Gross Margin % is ranked worse than
63.27% of 98 companies
in the Medical Distribution industry
Industry Median: 16.465 vs SZSE:000028: 11.85

China National Accord Medicines had a gross margin of 10.86% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China National Accord Medicines was 0.90% per year.


China National Accord Medicines Gross Margin % Historical Data

The historical data trend for China National Accord Medicines'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.

China National Accord Medicines Gross Margin % Chart

China National Accord Medicines 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 11.17 11.83 11.73 12.15 11.99

China National Accord Medicines 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 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 11.42 11.76 11.47 13.30 10.86

Competitive Comparison of China National Accord Medicines's Gross Margin %

For the Medical Distribution subindustry, China National Accord Medicines'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.


China National Accord Medicines's Gross Margin % Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China National Accord Medicines's Gross Margin % distribution charts can be found below:

* The bar in red indicates where China National Accord Medicines's Gross Margin % falls into.



China National Accord Medicines Gross Margin % Calculation

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

China National Accord Medicines'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 )
=9052.1 / 75477.485
=(Revenue - Cost of Goods Sold) / Revenue
=(75477.485 - 66425.426) / 75477.485
=11.99 %

China National Accord Medicines'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 )
=2073.4 / 19090.481
=(Revenue - Cost of Goods Sold) / Revenue
=(19090.481 - 17017.097) / 19090.481
=10.86 %

* 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.


China National Accord Medicines  (SZSE:000028) 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

China National Accord Medicines had a gross margin of 10.86% for the quarter that ended in Mar. 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.


China National Accord Medicines Gross Margin % Related Terms

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China National Accord Medicines (SZSE:000028) Business Description

Traded in Other Exchanges
Address
No. 15, Ba Gua Si 4th Road, Accord Pharmaceutical Building, Futian District, Guangdong Province, Shenzhen, CHN, 518029
China National Accord Medicines Corp Ltd develops and manufactures pharmaceuticals in China. The company engaged in the wholesale of Chinese patent drugs, traditional Chinese medicines, chemical medicine preparations, antibiotics, biochemical drugs and cerebrovascular system drugs. It operates through the following segments: The Head office segment engages in investing and managing the business; The Pharmaceutical Distribution segment engages in the distribution of medicine and pharmaceutical products to customers, including hospitals, other distributors, retail drug stores, and clinics, and Retail pharmacy segment, which is managing the operation of Guoda Pharmacy. It generates maximum revenue from the Pharmaceutical Distribution segment.
Executives
Su Wei Wei Independent director
Chen Chang Bing Secretary Dong
Peng Juan Director
Fu Ming Zhong Director

China National Accord Medicines (SZSE:000028) Headlines

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