Huisen Shares Group's gross profit for the
six
months ended in Dec. 2023 was HK$314 Mil. Huisen Shares Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$529 Mil.
Huisen Shares Group had a gross margin of 13.31% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 7 years, the highestGross Margin % of Huisen Shares Group was 25.28%. The lowest was 13.28%. And the median was 23.59%.
Warning Sign:
Huisen Shares Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.9%.
Huisen Shares Group Gross Profit Historical Data
The historical data trend for Huisen Shares Group'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 Huisen Shares Group's Gross Profit
For the Furnishings, Fixtures & Appliances subindustry, Huisen Shares Group'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.
Huisen Shares Group's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Huisen Shares Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Huisen Shares Group's Gross Profit falls into.
Huisen Shares Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Huisen Shares Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$529 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.
Huisen Shares Group (HKSE:02127) 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
Huisen Shares Group had a gross margin of 13.31% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Huisen Shares Group Gross Profit Related Terms
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Huisen Shares Group (HKSE:02127) Business Description
Huisen Household International Group Ltd is principally engaged in the manufacturing and selling of panel-type furniture, upholstered furniture, sport-type furniture, customized furniture, and furniture ornaments. The company offers comprehensive manufacturing solutions to its customers, with the capabilities to design, develop and manufacture functional and economical panel furniture, upholstered furniture, and other furniture such as outdoor furniture and sports and recreational equipment. The company is also engaged in the manufacture and sale of hardware furniture and furniture ornaments. The company generates the majority of its revenue from panel-type furniture.
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