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China Environmental Technology Holdings's gross profit for the six months ended in Jun. 2024 was HK$7.03 Mil. China Environmental Technology Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$7.78 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. China Environmental Technology Holdings's gross profit for the six months ended in Jun. 2024 was HK$7.03 Mil. China Environmental Technology Holdings's Revenue for the six months ended in Jun. 2024 was HK$19.10 Mil. Therefore, China Environmental Technology Holdings's Gross Margin % for the quarter that ended in Jun. 2024 was 36.79%.
China Environmental Technology Holdings had a gross margin of 36.79% for the quarter that ended in Jun. 2024 => Competition eroding margins
During the past 13 years, the highest Gross Margin % of China Environmental Technology Holdings was 47.47%. The lowest was 14.51%. And the median was 32.61%.
The historical data trend for China Environmental Technology Holdings's Gross Profit 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.
China Environmental Technology Holdings Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Gross Profit | Get a 7-Day Free Trial |
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17.38 | 16.30 | 13.61 | 6.53 | 7.78 |
China Environmental Technology Holdings Semi-Annual Data | ||||||||||||||||||||
Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | Dec24 | |
Gross Profit | Get a 7-Day Free Trial |
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3.64 | 2.19 | 4.34 | 7.03 | 0.76 |
For the Waste Management subindustry, China Environmental Technology Holdings's Gross Profit, along with its competitors' market caps and Gross Profit 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.
For the Waste Management industry and Industrials sector, China Environmental Technology Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where China Environmental Technology Holdings's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
China Environmental Technology Holdings's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 15.721 | - | 9.195 | |
= | 6.53 |
China Environmental Technology Holdings's Gross Profit for the quarter that ended in Jun. 2024 is calculated as
Gross Profit (Q: Jun. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 19.099 | - | 12.072 | |
= | 7.03 |
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$7.78 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
China Environmental Technology Holdings's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as
Gross Margin % (Q: Jun. 2024 ) | = | Gross Profit (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 7.03 | / | 19.099 | |
= | 36.79 % |
* 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.
China Environmental Technology Holdings (HKSE:00646) Gross Profit 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
China Environmental Technology Holdings had a gross margin of 36.79% for the quarter that ended in Jun. 2024 => Competition eroding margins
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