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Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Gross Margin % : 33.22% (As of Mar. 2024)


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What is Jiangsu Kangliyuan Sports Tech Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jiangsu Kangliyuan Sports Tech Co's Gross Profit for the three months ended in Mar. 2024 was ¥54.7 Mil. Jiangsu Kangliyuan Sports Tech Co's Revenue for the three months ended in Mar. 2024 was ¥164.7 Mil. Therefore, Jiangsu Kangliyuan Sports Tech Co's Gross Margin % for the quarter that ended in Mar. 2024 was 33.22%.


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

SZSE:301287' s Gross Margin % Range Over the Past 10 Years
Min: 25.63   Med: 29.75   Max: 33.14
Current: 33.14


During the past 6 years, the highest Gross Margin % of Jiangsu Kangliyuan Sports Tech Co was 33.14%. The lowest was 25.63%. And the median was 29.75%.

SZSE:301287's Gross Margin % is ranked worse than
67.14% of 767 companies
in the Travel & Leisure industry
Industry Median: 43.25 vs SZSE:301287: 33.14

Jiangsu Kangliyuan Sports Tech Co had a gross margin of 33.22% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Jiangsu Kangliyuan Sports Tech Co was -0.10% per year.


Jiangsu Kangliyuan Sports Tech Co Gross Margin % Historical Data

The historical data trend for Jiangsu Kangliyuan Sports 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.

Jiangsu Kangliyuan Sports Tech Co Gross Margin % Chart

Jiangsu Kangliyuan Sports Tech Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 31.90 32.97 27.23 25.63 32.59

Jiangsu Kangliyuan Sports Tech Co Quarterly Data
Dec18 Dec19 Dec20 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 31.22 32.34 32.44 34.29 33.22

Competitive Comparison of Jiangsu Kangliyuan Sports Tech Co's Gross Margin %

For the Leisure subindustry, Jiangsu Kangliyuan Sports 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.


Jiangsu Kangliyuan Sports Tech Co's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jiangsu Kangliyuan Sports Tech Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Jiangsu Kangliyuan Sports Tech Co's Gross Margin % falls into.



Jiangsu Kangliyuan Sports Tech Co Gross Margin % Calculation

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

Jiangsu Kangliyuan Sports 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 )
=198.5 / 609.207
=(Revenue - Cost of Goods Sold) / Revenue
=(609.207 - 410.671) / 609.207
=32.59 %

Jiangsu Kangliyuan Sports 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 )
=54.7 / 164.708
=(Revenue - Cost of Goods Sold) / Revenue
=(164.708 - 109.999) / 164.708
=33.22 %

* 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 Kangliyuan Sports Tech Co  (SZSE:301287) 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 Kangliyuan Sports Tech Co had a gross margin of 33.22% for the quarter that ended in Mar. 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 Kangliyuan Sports Tech Co Gross Margin % Related Terms

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Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Business Description

Traded in Other Exchanges
N/A
Address
North side of Binhu Avenue, High-tech Industrial Park, Paoche Sub-district Office, Jiangsu, Pizhou, CHN, 221327
Jiangsu Kangliyuan Sports Tech Co Ltd is engaged in research & development, manufacturing, and sales of Multi-series, differentiated and customized fitness equipment. The company's main products cover seven series, including treadmills, fitness bikes, strength trainers, free weight trainer, outdoor paths and group activity equipment. Its products reach more than 100 kinds.

Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Headlines

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