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Dezhou United Petroleum Technology Co (SZSE:301158) Gross Margin % : 32.18% (As of Sep. 2024)


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What is Dezhou United Petroleum Technology Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Dezhou United Petroleum Technology Co's Gross Profit for the three months ended in Sep. 2024 was ¥57.2 Mil. Dezhou United Petroleum Technology Co's Revenue for the three months ended in Sep. 2024 was ¥177.9 Mil. Therefore, Dezhou United Petroleum Technology Co's Gross Margin % for the quarter that ended in Sep. 2024 was 32.18%.

Warning Sign:

Dezhou United Petroleum Technology Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.5%.


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

SZSE:301158' s Gross Margin % Range Over the Past 10 Years
Min: 34.41   Med: 37.05   Max: 40.87
Current: 34.41


During the past 7 years, the highest Gross Margin % of Dezhou United Petroleum Technology Co was 40.87%. The lowest was 34.41%. And the median was 37.05%.

SZSE:301158's Gross Margin % is ranked better than
58.85% of 904 companies
in the Oil & Gas industry
Industry Median: 27.535 vs SZSE:301158: 34.41

Dezhou United Petroleum Technology Co had a gross margin of 32.18% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Dezhou United Petroleum Technology Co was -2.50% per year.


Dezhou United Petroleum Technology Co Gross Margin % Historical Data

The historical data trend for Dezhou United Petroleum 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.

Dezhou United Petroleum Technology Co Gross Margin % Chart

Dezhou United Petroleum Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 40.87 37.05 35.28 35.57 35.61

Dezhou United Petroleum 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 36.34 32.24 41.23 37.06 32.18

Competitive Comparison of Dezhou United Petroleum Technology Co's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Dezhou United Petroleum 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.


Dezhou United Petroleum Technology Co's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Dezhou United Petroleum Technology Co's Gross Margin % distribution charts can be found below:

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



Dezhou United Petroleum Technology Co Gross Margin % Calculation

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

Dezhou United Petroleum 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 )
=201.9 / 567.008
=(Revenue - Cost of Goods Sold) / Revenue
=(567.008 - 365.113) / 567.008
=35.61 %

Dezhou United Petroleum 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 )
=57.2 / 177.899
=(Revenue - Cost of Goods Sold) / Revenue
=(177.899 - 120.65) / 177.899
=32.18 %

* 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.


Dezhou United Petroleum Technology Co  (SZSE:301158) 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

Dezhou United Petroleum Technology Co had a gross margin of 32.18% 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.


Dezhou United Petroleum Technology Co Gross Margin % Related Terms

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Dezhou United Petroleum Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Jinghua South Road, Economic Development Zone, Shandong Province, Dezhou, CHN, 253034
Website
Dezhou United Petroleum Technology Co Ltd is engaged in producing high-end oil-drilling and production equipments, tools, accessories and engineering services. The company's products include drilling tools, drilling equipments, oil and gas exploitation, and well-control equipment.
Executives
Wang Hai Bin Directors, executives
Li Zhan Jun Executives
Hou Bin Supervisors

Dezhou United Petroleum Technology Co Headlines

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