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Xi an Actionpower Electric Co (SHSE:688719) Gross Profit : ¥384.8 Mil (TTM As of Mar. 2024)


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What is Xi an Actionpower Electric Co Gross Profit?

Xi an Actionpower Electric Co's gross profit for the three months ended in Mar. 2024 was ¥60.9 Mil. Xi an Actionpower Electric Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥384.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Xi an Actionpower Electric Co's gross profit for the three months ended in Mar. 2024 was ¥60.9 Mil. Xi an Actionpower Electric Co's Revenue for the three months ended in Mar. 2024 was ¥136.5 Mil. Therefore, Xi an Actionpower Electric Co's Gross Margin % for the quarter that ended in Mar. 2024 was 44.60%.

Xi an Actionpower Electric Co had a gross margin of 44.60% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 8 years, the highest Gross Margin % of Xi an Actionpower Electric Co was 47.52%. The lowest was 38.92%. And the median was 43.50%.


Xi an Actionpower Electric Co Gross Profit Historical Data

The historical data trend for Xi an Actionpower Electric 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.

Xi an Actionpower Electric Co Gross Profit Chart

Xi an Actionpower Electric Co Annual Data
Trend Dec12 Dec13 Dec14 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 92.67 154.78 204.65 255.22 373.67

Xi an Actionpower Electric Co Quarterly Data
Dec12 Dec13 Dec14 Mar15 Dec19 Dec20 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 49.80 98.25 102.91 122.72 60.90

Competitive Comparison of Xi an Actionpower Electric Co's Gross Profit

For the Specialty Industrial Machinery subindustry, Xi an Actionpower Electric 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.


Xi an Actionpower Electric Co's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xi an Actionpower Electric Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Xi an Actionpower Electric Co's Gross Profit falls into.



Xi an Actionpower Electric Co Gross Profit Calculation

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

Xi an Actionpower Electric 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
=826.063 - 452.392
=373.7

Xi an Actionpower Electric 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
=136.541 - 75.641
=60.9

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 ¥384.8 Mil.

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

Xi an Actionpower Electric 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
=60.9 / 136.541
=44.60 %

* 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.


Xi an Actionpower Electric Co  (SHSE:688719) 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

Xi an Actionpower Electric Co had a gross margin of 44.60% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Xi an Actionpower Electric Co Gross Profit Related Terms

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Xi an Actionpower Electric Co (SHSE:688719) Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Information Avenue, New Industrial Park, High-tech Zone, Shaanxi, Xi'an, CHN, 710119
Xi an Actionpower Electric Co Ltd is engaged in research and development, production and sales of power electronic conversion and control equipment.

Xi an Actionpower Electric Co (SHSE:688719) Headlines

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