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Ningbo Joyson Electronic (SHSE:600699) Gross Profit : ¥9,061 Mil (TTM As of Sep. 2024)


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What is Ningbo Joyson Electronic Gross Profit?

Ningbo Joyson Electronic's gross profit for the three months ended in Sep. 2024 was ¥2,212 Mil. Ningbo Joyson Electronic's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥9,061 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Ningbo Joyson Electronic's gross profit for the three months ended in Sep. 2024 was ¥2,212 Mil. Ningbo Joyson Electronic's Revenue for the three months ended in Sep. 2024 was ¥14,056 Mil. Therefore, Ningbo Joyson Electronic's Gross Margin % for the quarter that ended in Sep. 2024 was 15.74%.

Ningbo Joyson Electronic had a gross margin of 15.74% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Ningbo Joyson Electronic was 21.65%. The lowest was 11.63%. And the median was 16.20%.

Warning Sign:

Ningbo Joyson Electronic Corp gross margin has been in long-term decline. The average rate of decline per year is -4.5%.


Ningbo Joyson Electronic Gross Profit Historical Data

The historical data trend for Ningbo Joyson Electronic'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.

Ningbo Joyson Electronic Gross Profit Chart

Ningbo Joyson Electronic 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 9,872.22 6,372.81 5,309.72 5,954.39 8,409.26

Ningbo Joyson Electronic Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2,134.45 2,650.06 2,059.36 2,139.18 2,212.44

Competitive Comparison of Ningbo Joyson Electronic's Gross Profit

For the Auto Parts subindustry, Ningbo Joyson Electronic'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.


Ningbo Joyson Electronic's Gross Profit Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Joyson Electronic's Gross Profit distribution charts can be found below:

* The bar in red indicates where Ningbo Joyson Electronic's Gross Profit falls into.



Ningbo Joyson Electronic Gross Profit Calculation

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

Ningbo Joyson Electronic'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
=55728.476 - 47319.215
=8,409

Ningbo Joyson Electronic's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=14056.101 - 11843.659
=2,212

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥9,061 Mil.

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

Ningbo Joyson Electronic's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=2,212 / 14056.101
=15.74 %

* 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.


Ningbo Joyson Electronic  (SHSE:600699) 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

Ningbo Joyson Electronic had a gross margin of 15.74% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Ningbo Joyson Electronic Gross Profit Related Terms

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Ningbo Joyson Electronic Business Description

Traded in Other Exchanges
N/A
Address
No. 99, Qingyi Road, High-tech Zone, Zhejiang, Ningbo, CHN, 315040
Ningbo Joyson Electronic Corp is a global leading supplier of automotive electronics and automotive safety. It is mainly engaged in the research and development and manufacturing of smart cockpits, smart networking, smart driving, new energy management and automotive safety. It currently has two major business divisions, automotive safety and automotive electronics, and has established an Intelligent Vehicle Technology Research Institute and a New Energy Research Institute.
Executives
Wang Jian Feng Director
Zhou Gui Tian Supervisors
Liu Guang Quan Supervisors
Jian Shi Hui Fu Zhu Xi Supervisors

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