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Dongguan Tarry Electronics Co (SZSE:300976) Gross Margin % : 26.31% (As of Sep. 2024)


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What is Dongguan Tarry Electronics Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Dongguan Tarry Electronics Co's Gross Profit for the three months ended in Sep. 2024 was ¥177 Mil. Dongguan Tarry Electronics Co's Revenue for the three months ended in Sep. 2024 was ¥675 Mil. Therefore, Dongguan Tarry Electronics Co's Gross Margin % for the quarter that ended in Sep. 2024 was 26.31%.

Warning Sign:

Dongguan Tarry Electronics Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -11.2%.


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

SZSE:300976' s Gross Margin % Range Over the Past 10 Years
Min: 23.9   Med: 39   Max: 47.97
Current: 23.9


During the past 9 years, the highest Gross Margin % of Dongguan Tarry Electronics Co was 47.97%. The lowest was 23.90%. And the median was 39.00%.

SZSE:300976's Gross Margin % is ranked worse than
57.63% of 2934 companies
in the Industrial Products industry
Industry Median: 26.73 vs SZSE:300976: 23.90

Dongguan Tarry Electronics Co had a gross margin of 26.31% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Dongguan Tarry Electronics Co was -11.20% per year.


Dongguan Tarry Electronics Co Gross Margin % Historical Data

The historical data trend for Dongguan Tarry Electronics 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.

Dongguan Tarry Electronics Co Gross Margin % Chart

Dongguan Tarry Electronics Co Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only 47.97 43.62 39.00 32.90 24.59

Dongguan Tarry Electronics 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 26.00 21.05 22.07 24.75 26.31

Competitive Comparison of Dongguan Tarry Electronics Co's Gross Margin %

For the Metal Fabrication subindustry, Dongguan Tarry Electronics 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.


Dongguan Tarry Electronics Co's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dongguan Tarry Electronics Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Dongguan Tarry Electronics Co's Gross Margin % falls into.



Dongguan Tarry Electronics Co Gross Margin % Calculation

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

Dongguan Tarry Electronics 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 )
=343.8 / 1397.832
=(Revenue - Cost of Goods Sold) / Revenue
=(1397.832 - 1054.067) / 1397.832
=24.59 %

Dongguan Tarry Electronics 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 )
=177.4 / 674.58
=(Revenue - Cost of Goods Sold) / Revenue
=(674.58 - 497.131) / 674.58
=26.31 %

* 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.


Dongguan Tarry Electronics Co  (SZSE:300976) 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

Dongguan Tarry Electronics Co had a gross margin of 26.31% 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.


Dongguan Tarry Electronics Co Gross Margin % Related Terms

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Dongguan Tarry Electronics Co Business Description

Traded in Other Exchanges
N/A
Address
Tongsha Science and Technology Park, 3rd Floor, Area B, Building 5, Guanghui Industrial Zone, Dongcheng District, Guangdong Province, Dongguan, CHN, 523127
Dongguan Tarry Electronics Co Ltd is engaged in the research and development, production and sales of functional and structural devices for consumer electronics. It specializes in the production of precision die-cutting products, foam protective film tape, insulating and thermally conductive products, EMI shielding products, sewing and high-frequency earmuffs, head cushion products, assembly automation equipment and many other product series. Products are widely used in FPC flexible circuit boards, OLED backlight display modules, plastic shells, solar photovoltaics, power batteries, audio headsets, VR/AR and other electronic and electrical industries.
Executives
Song Ke Qiang Executives
Peng Cheng Xiao Executives
Wu Xuan Executives
Zhang Zhen Hong Directors, executives

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