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Jiangsu Teeyer Intelligent Equipment Co (SHSE:603273) Gross Profit : ¥105.8 Mil (TTM As of Sep. 2024)


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What is Jiangsu Teeyer Intelligent Equipment Co Gross Profit?

Jiangsu Teeyer Intelligent Equipment Co's gross profit for the three months ended in Sep. 2024 was ¥10.6 Mil. Jiangsu Teeyer Intelligent Equipment Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥105.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Jiangsu Teeyer Intelligent Equipment Co's gross profit for the three months ended in Sep. 2024 was ¥10.6 Mil. Jiangsu Teeyer Intelligent Equipment Co's Revenue for the three months ended in Sep. 2024 was ¥96.7 Mil. Therefore, Jiangsu Teeyer Intelligent Equipment Co's Gross Margin % for the quarter that ended in Sep. 2024 was 10.97%.

Jiangsu Teeyer Intelligent Equipment Co had a gross margin of 10.97% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 5 years, the highest Gross Margin % of Jiangsu Teeyer Intelligent Equipment Co was 17.81%. The lowest was 14.80%. And the median was 16.23%.


Jiangsu Teeyer Intelligent Equipment Co Gross Profit Historical Data

The historical data trend for Jiangsu Teeyer Intelligent Equipment 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.

Jiangsu Teeyer Intelligent Equipment Co Gross Profit Chart

Jiangsu Teeyer Intelligent Equipment Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
114.20 133.26 164.86 148.65 137.95

Jiangsu Teeyer Intelligent Equipment Co Quarterly Data
Dec19 Dec20 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 29.46 45.24 20.50 29.44 10.61

Competitive Comparison of Jiangsu Teeyer Intelligent Equipment Co's Gross Profit

For the Specialty Industrial Machinery subindustry, Jiangsu Teeyer Intelligent Equipment 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.


Jiangsu Teeyer Intelligent Equipment Co's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Teeyer Intelligent Equipment Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Jiangsu Teeyer Intelligent Equipment Co's Gross Profit falls into.



Jiangsu Teeyer Intelligent Equipment Co Gross Profit Calculation

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

Jiangsu Teeyer Intelligent Equipment 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
=822.759 - 684.805
=138.0

Jiangsu Teeyer Intelligent Equipment Co's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=96.71 - 86.103
=10.6

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 ¥105.8 Mil.

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

Jiangsu Teeyer Intelligent Equipment Co'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
=10.6 / 96.71
=10.97 %

* 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.


Jiangsu Teeyer Intelligent Equipment Co  (SHSE:603273) 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

Jiangsu Teeyer Intelligent Equipment Co had a gross margin of 10.97% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Jiangsu Teeyer Intelligent Equipment Co Gross Profit Related Terms

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Jiangsu Teeyer Intelligent Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
No. 312, Hehai West Road, Xinbei, Jiangsu, Changzhou, CHN, 213000
Jiangsu Teeyer Intelligent Equipment Co Ltd is engaged in research & development, design, production and sales of complete sets of automation equipment and mechanical equipment supporting products.

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