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Gansu Yasheng Industrial Group Co (SHSE:600108) Gross Profit : ¥705 Mil (TTM As of Mar. 2024)


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What is Gansu Yasheng Industrial Group Co Gross Profit?

Gansu Yasheng Industrial Group Co's gross profit for the three months ended in Mar. 2024 was ¥128 Mil. Gansu Yasheng Industrial Group Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥705 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Gansu Yasheng Industrial Group Co's gross profit for the three months ended in Mar. 2024 was ¥128 Mil. Gansu Yasheng Industrial Group Co's Revenue for the three months ended in Mar. 2024 was ¥590 Mil. Therefore, Gansu Yasheng Industrial Group Co's Gross Margin % for the quarter that ended in Mar. 2024 was 21.70%.

Gansu Yasheng Industrial Group Co had a gross margin of 21.70% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Gansu Yasheng Industrial Group Co was 24.46%. The lowest was 10.37%. And the median was 19.85%.

Warning Sign:

Gansu Yasheng Industrial Group Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.3%.


Gansu Yasheng Industrial Group Co Gross Profit Historical Data

The historical data trend for Gansu Yasheng Industrial 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.

* Premium members only.

Gansu Yasheng Industrial Group Co Gross Profit Chart

Gansu Yasheng Industrial Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 540.58 324.77 602.09 635.26 714.13

Gansu Yasheng Industrial Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 136.69 127.03 143.06 307.35 128.03

Competitive Comparison of Gansu Yasheng Industrial Group Co's Gross Profit

For the Farm Products subindustry, Gansu Yasheng Industrial 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.


Gansu Yasheng Industrial Group Co's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gansu Yasheng Industrial Group Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Gansu Yasheng Industrial Group Co's Gross Profit falls into.



Gansu Yasheng Industrial Group Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Gansu Yasheng Industrial Group Co'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
=4005.115 - 3290.982
=714

Gansu Yasheng Industrial Group Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=589.889 - 461.855
=128

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥705 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Gansu Yasheng Industrial Group 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 )
=(Revenue - Cost of Goods Sold) / Revenue
=128 / 589.889
=21.70 %

* 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.


Gansu Yasheng Industrial Group Co  (SHSE:600108) 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

Gansu Yasheng Industrial Group Co had a gross margin of 21.70% for the quarter that ended in Mar. 2024 => Competition eroding margins


Gansu Yasheng Industrial Group Co Gross Profit Related Terms

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Gansu Yasheng Industrial Group Co (SHSE:600108) Business Description

Traded in Other Exchanges
N/A
Address
No. 21 Yanxing Road, 10-15 Floors, Chengguan District, Lanzhou, Gansu, CHN, 730010
Gansu Yasheng Industrial Group Co Ltd is a China-based company engaged in the development and processing of agricultural products, as well as the sales of agricultural and sideline products. It operates the beer material bases, potato industrial bases, tomato industrial bases, as well as fruit and vegetable processing bases, among others. It is also engaged in the trading of agricultural drip irrigation equipment and other industrial products. The company mainly operates its businesses in the mainland China.
Executives
Fu Ji Jun senior management
Wang Pei Ning Supervisors
Jiao Yong Qiang Director
Wang Hong Ying Supervisors
Wang Heng Zhi Supervisors
Wang Cheng Ji Director
Wang Jing Sheng Director
Liu Wen Xue Supervisors
Yue Xia senior management
Zhou Wen Ping senior management

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