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Focus Lightings Tech Co (SZSE:300708) Gross Margin % : 13.55% (As of Mar. 2024)


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What is Focus Lightings Tech Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Focus Lightings Tech Co's Gross Profit for the three months ended in Mar. 2024 was ¥81 Mil. Focus Lightings Tech Co's Revenue for the three months ended in Mar. 2024 was ¥600 Mil. Therefore, Focus Lightings Tech Co's Gross Margin % for the quarter that ended in Mar. 2024 was 13.55%.


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

SZSE:300708' s Gross Margin % Range Over the Past 10 Years
Min: 7.43   Med: 15.17   Max: 32.09
Current: 11.57


During the past 12 years, the highest Gross Margin % of Focus Lightings Tech Co was 32.09%. The lowest was 7.43%. And the median was 15.17%.

SZSE:300708's Gross Margin % is ranked worse than
83.38% of 975 companies
in the Semiconductors industry
Industry Median: 28.8 vs SZSE:300708: 11.57

Focus Lightings Tech Co had a gross margin of 13.55% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Focus Lightings Tech Co was 2.60% per year.


Focus Lightings Tech Co Gross Margin % Historical Data

The historical data trend for Focus Lightings Tech 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.

Focus Lightings Tech Co Gross Margin % Chart

Focus Lightings Tech 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 12.90 13.44 16.89 9.11 10.44

Focus Lightings Tech 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 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 8.61 11.02 9.68 12.11 13.55

Competitive Comparison of Focus Lightings Tech Co's Gross Margin %

For the Semiconductors subindustry, Focus Lightings Tech 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.


Focus Lightings Tech Co's Gross Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Focus Lightings Tech Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Focus Lightings Tech Co's Gross Margin % falls into.



Focus Lightings Tech Co Gross Margin % Calculation

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

Focus Lightings Tech 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 )
=259 / 2480.925
=(Revenue - Cost of Goods Sold) / Revenue
=(2480.925 - 2221.941) / 2480.925
=10.44 %

Focus Lightings Tech 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 )
=81.3 / 600.483
=(Revenue - Cost of Goods Sold) / Revenue
=(600.483 - 519.142) / 600.483
=13.55 %

* 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.


Focus Lightings Tech Co  (SZSE:300708) 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

Focus Lightings Tech Co had a gross margin of 13.55% 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.


Focus Lightings Tech Co Gross Margin % Related Terms

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Focus Lightings Tech Co (SZSE:300708) Business Description

Traded in Other Exchanges
N/A
Address
8 Xinqing Road, Suzhou Industrial Park, Suzhou, CHN, 215125
Focus Lightings Tech Co Ltd is a China-based company is engaged in the manufacture and production of home and commercial lighting products. Its products include glitter lamp, desk lamp, floor lamp, wall lamp, ceiling lamp, and a pendent lamp. The company's products can be used in backlight and lighting and other fields.
Executives
Xu Ying Gai Director
Wang Hui Supervisors
Pan Hua Rong Directors, executives
Lu Ye Executives
Cheng Fei Long Directors, executives
Xu Wen Wen Securities Affairs Representative
Yin Zuo Zhao Director
Xiang Fang Nan Director
Wang Yan Li Executives
Qin Zhen Director

Focus Lightings Tech Co (SZSE:300708) Headlines

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