China Wacan Group Co's gross profit for the
six
months ended in Jun. 2024 was HK$-13.7 Mil. China Wacan Group Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-12.9 Mil.
China Wacan Group Co had a gross margin of -35.70% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
During the past 9 years, the highestGross Margin % of China Wacan Group Co was 12.57%. The lowest was -54.03%. And the median was 5.90%.
China Wacan Group Co Gross Profit Historical Data
The historical data trend for China Wacan Group Co'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.
Competitive Comparison of China Wacan Group Co's Gross Profit
For the Engineering & Construction subindustry, China Wacan Group Co'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.
China Wacan Group Co's Gross Profit Distribution in the Construction Industry
For the Construction industry and Industrials sector, China Wacan Group Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where China Wacan Group Co's Gross Profit falls into.
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$-12.9 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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 Wacan Group Co (HKSE:01920) 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 Wacan Group Co had a gross margin of -35.70% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
China Wacan Group Co Gross Profit Related Terms
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China Wacan Group Co Ltd formerly Hands Form Holdings Ltd is an established subcontractor in Hong Kong and principally engaged in the provision of wet trades work and other wet trades-related ancillary works and the provision of construction information technology services. Wet trades works include plastering on floors, walls, and ceilings, tile laying on internal and external walls and floors, bricklaying, and marble works. The company's segment includes Construction services and Construction IT services. It generates maximum revenue from the Construction services segment.
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