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Jiangsu Canlon Building Materials Co (SZSE:300715) Gross Margin % : 25.38% (As of Sep. 2024)


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What is Jiangsu Canlon Building Materials Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jiangsu Canlon Building Materials Co's Gross Profit for the three months ended in Sep. 2024 was ¥150 Mil. Jiangsu Canlon Building Materials Co's Revenue for the three months ended in Sep. 2024 was ¥591 Mil. Therefore, Jiangsu Canlon Building Materials Co's Gross Margin % for the quarter that ended in Sep. 2024 was 25.38%.

Warning Sign:

Jiangsu Canlon Building Materials Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -13.3%.


The historical rank and industry rank for Jiangsu Canlon Building Materials Co's Gross Margin % or its related term are showing as below:

SZSE:300715' s Gross Margin % Range Over the Past 10 Years
Min: 19.49   Med: 36.99   Max: 44.62
Current: 21.37


During the past 12 years, the highest Gross Margin % of Jiangsu Canlon Building Materials Co was 44.62%. The lowest was 19.49%. And the median was 36.99%.

SZSE:300715's Gross Margin % is ranked worse than
59.16% of 382 companies
in the Building Materials industry
Industry Median: 25.36 vs SZSE:300715: 21.37

Jiangsu Canlon Building Materials Co had a gross margin of 25.38% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Jiangsu Canlon Building Materials Co was -13.30% per year.


Jiangsu Canlon Building Materials Co Gross Margin % Historical Data

The historical data trend for Jiangsu Canlon Building Materials 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.

Jiangsu Canlon Building Materials Co Gross Margin % Chart

Jiangsu Canlon Building Materials 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 39.08 43.20 30.34 19.49 22.00

Jiangsu Canlon Building Materials 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 24.12 15.93 21.71 23.35 25.38

Competitive Comparison of Jiangsu Canlon Building Materials Co's Gross Margin %

For the Building Materials subindustry, Jiangsu Canlon Building Materials 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.


Jiangsu Canlon Building Materials Co's Gross Margin % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Jiangsu Canlon Building Materials Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Jiangsu Canlon Building Materials Co's Gross Margin % falls into.



Jiangsu Canlon Building Materials Co Gross Margin % Calculation

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

Jiangsu Canlon Building Materials 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 )
=616.1 / 2800.646
=(Revenue - Cost of Goods Sold) / Revenue
=(2800.646 - 2184.584) / 2800.646
=22.00 %

Jiangsu Canlon Building Materials 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 )
=150 / 591.246
=(Revenue - Cost of Goods Sold) / Revenue
=(591.246 - 441.207) / 591.246
=25.38 %

* 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.


Jiangsu Canlon Building Materials Co  (SZSE:300715) 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

Jiangsu Canlon Building Materials Co had a gross margin of 25.38% 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.


Jiangsu Canlon Building Materials Co Gross Margin % Related Terms

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Jiangsu Canlon Building Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No.8, Hengtong Road, Qidu Town, Wujiang District, Jiangsu Province, Suzhou, CHN, 215234
Jiangsu Canlon Building Materials Co Ltd is a China-based company engages in the manufacturing of waterproofing materials. Its products range include macromolecule membrane, PVC waterproofing membrane, CL-TPO thermoplastic, self-adhesive membrane and waterproof coatings. It offers its solution in residential constructions, metal roofing systems, tunnels, and pitched roof wooden structures.
Executives
Li Zhong Ren Directors, executives
Wang Zhi Yang Supervisors
Liu Ji Ming Supervisors
Zhang Yong Directors, executives
Chen Hong Jin Executives
Zhu Qing Qi Securities Affairs Representative
Qian Lin Di Director

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