Changjiu Holdings's gross profit for the
six
months ended in Jun. 2024 was HK$159.0 Mil. Changjiu Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$322.2 Mil.
Changjiu Holdings had a gross margin of 43.79% for the quarter that ended in Jun. 2024 => Durable competitive advantage
During the past 4 years, the highestGross Margin % of Changjiu Holdings was 44.35%. The lowest was 38.16%. And the median was 40.16%.
Changjiu Holdings Gross Profit Historical Data
The historical data trend for Changjiu 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.
Competitive Comparison of Changjiu Holdings's Gross Profit
For the Software - Application subindustry, Changjiu 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.
Changjiu Holdings's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, Changjiu Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where Changjiu Holdings's Gross Profit falls into.
Changjiu Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Changjiu Holdings'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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$322.2 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.
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
Changjiu Holdings had a gross margin of 43.79% for the quarter that ended in Jun. 2024 => Durable competitive advantage
Changjiu Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of Changjiu Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Changjiu Holdings Ltd provides pledged vehicle monitoring services and automobile dealership operation management services in China. It offers pledged vehicle monitoring services primarily to (i) financial institutions that provide secured financing to automobile dealerships for their purchase of vehicles; and (ii) automobile dealerships with pledged vehicles.
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