GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wanma Technology Co Ltd (SZSE:300698) » Definitions » Gross Margin %

Wanma Technology Co (SZSE:300698) Gross Margin % : 39.50% (As of Sep. 2024)


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

What is Wanma Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Wanma Technology Co's Gross Profit for the three months ended in Sep. 2024 was ¥63.5 Mil. Wanma Technology Co's Revenue for the three months ended in Sep. 2024 was ¥160.7 Mil. Therefore, Wanma Technology Co's Gross Margin % for the quarter that ended in Sep. 2024 was 39.50%.


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

SZSE:300698' s Gross Margin % Range Over the Past 10 Years
Min: 20.74   Med: 34.32   Max: 45.75
Current: 38.13


During the past 11 years, the highest Gross Margin % of Wanma Technology Co was 45.75%. The lowest was 20.74%. And the median was 34.32%.

SZSE:300698's Gross Margin % is ranked better than
74.19% of 2422 companies
in the Hardware industry
Industry Median: 24.655 vs SZSE:300698: 38.13

Wanma Technology Co had a gross margin of 39.50% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Wanma Technology Co was 6.30% per year.


Wanma Technology Co Gross Margin % Historical Data

The historical data trend for Wanma 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.

Wanma Technology Co Gross Margin % Chart

Wanma 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 24.19 20.74 27.17 30.90 39.77

Wanma 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 42.47 40.05 34.10 36.73 39.50

Competitive Comparison of Wanma Technology Co's Gross Margin %

For the Communication Equipment subindustry, Wanma 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.


Wanma Technology Co's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wanma Technology Co's Gross Margin % distribution charts can be found below:

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



Wanma Technology Co Gross Margin % Calculation

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

Wanma 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 )
=207.1 / 520.677
=(Revenue - Cost of Goods Sold) / Revenue
=(520.677 - 313.611) / 520.677
=39.77 %

Wanma 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 )
=63.5 / 160.741
=(Revenue - Cost of Goods Sold) / Revenue
=(160.741 - 97.249) / 160.741
=39.50 %

* 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.


Wanma Technology Co  (SZSE:300698) 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

Wanma Technology Co had a gross margin of 39.50% 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.


Wanma Technology Co Gross Margin % Related Terms

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


Wanma Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Wanma Industrial Area, Taihuyuan Town, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311306
Wanma Technology Co Ltd is the communications equipment manufacturing company. The principal business activities of the company include development, production, system integration and sales of communication and information equipment. Its products include communications network wiring and information cabinet products and medical information products. Its cabinet products are widely used in communication networks, cloud platform IDC equipment rooms, railway communication networks and urban rail transit communication networks. Its medical information products are mainly used in domestic hospitals.
Executives
Ma Ya Jun Executives
Xu Ya Guo Executives
Jiang Yan Jun Supervisors
Wu Xi Qun Executives
Yang Yi Qian Directors, executives
Sheng Tao Director
Weng Lin Wei Executives
Shao Guo Jiang Supervisors

Wanma Technology Co Headlines

No Headlines