Guangdong Vanward New Electric Co (SZSE:002543) Gross Margin % : 32.07% (As of Mar. 2024)

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What is Guangdong Vanward New Electric Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Guangdong Vanward New Electric Co's Gross Profit for the three months ended in Mar. 2024 was ¥635 Mil. Guangdong Vanward New Electric Co's Revenue for the three months ended in Mar. 2024 was ¥1,980 Mil. Therefore, Guangdong Vanward New Electric Co's Gross Margin % for the quarter that ended in Mar. 2024 was 32.07%.

Warning Sign:

Guangdong Vanward New Electric Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.2%.

The historical rank and industry rank for Guangdong Vanward New Electric Co's Gross Margin % or its related term are showing as below:

SZSE:002543' s Gross Margin % Range Over the Past 10 Years
Min: 23.53 Med: 29.5 Max: 33.28
Current: 32.18

During the past 13 years, the highest Gross Margin % of Guangdong Vanward New Electric Co was 33.28%. The lowest was 23.53%. And the median was 29.50%.

SZSE:002543's Gross Margin % is ranked better than
58.87% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.29 vs SZSE:002543: 32.18

Guangdong Vanward New Electric Co had a gross margin of 32.07% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Guangdong Vanward New Electric Co was -1.20% per year.

Guangdong Vanward New Electric Co Gross Margin % Historical Data

The historical data trend for Guangdong Vanward New Electric 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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Guangdong Vanward New Electric Co Gross Margin % Chart

Guangdong Vanward New Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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33.27

28.81

23.53

27.07

31.64

Guangdong Vanward New Electric 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															30.02	31.81	35.59	29.91	32.07

Competitive Comparison of Guangdong Vanward New Electric Co's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Vanward New Electric 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.

Guangdong Vanward New Electric Co's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Vanward New Electric Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Guangdong Vanward New Electric Co's Gross Margin % falls into.

Guangdong Vanward New Electric Co Gross Margin % Calculation

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

Guangdong Vanward New Electric 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 )
	=	1931.5	/	6103.793
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6103.793 - 4172.265)	/	6103.793
	=	31.64 %

Guangdong Vanward New Electric 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 )
	=	634.9	/	1979.633
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1979.633 - 1344.768)	/	1979.633
	=	32.07 %

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.

Guangdong Vanward New Electric Co (SZSE:002543) 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

Guangdong Vanward New Electric Co had a gross margin of 32.07% 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.

Guangdong Vanward New Electric Co Gross Margin % Related Terms

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Guangdong Vanward New Electric Co (SZSE:002543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Vanward New Electric Co Ltd (SZSE:002543) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

No.13, Jianye Mid-Road, Shunde High-Tech Industry Development Zone, Ronggui, Shunde, Foshan, Guangdong, CHN, 528305

Website

http://www.chinavanward.com

Guangdong Vanward New Electric Co Ltd is a China-based company engaged in the manufacture and sale of gas water heaters and other gas appliances. Its main products include gas water heaters, range hoods, as well as air, solar and other new energy hot water products. The company's products are mainly used in domestic hot water, heating and hot water, refrigeration, drying and surplus heat of backwater.

Executives

Huang Shao Yan	Supervisors
Hu Ling	Supervisors
Huang Hui Guang	Supervisors
Li Yue	Executives
Lu Chu Qi	Director

Guangdong Vanward New Electric Co (SZSE:002543) Headlines

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