* 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 Longxing Chemical Stock Co's Gross Profit
For the Specialty Chemicals subindustry, Longxing Chemical Stock 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.
Longxing Chemical Stock Co's Gross Profit Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Longxing Chemical Stock Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Longxing Chemical Stock Co's Gross Profit falls into.
Longxing Chemical Stock Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
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 ¥413 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.
Longxing Chemical Stock Co (SZSE:002442) 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
Longxing Chemical Stock Co had a gross margin of 11.41% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
Longxing Chemical Stock Co Gross Profit Related Terms
Thank you for viewing the detailed overview of Longxing Chemical Stock Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Longxing Chemical Stock Co Ltd is engaged in producing carbon black chemical in China. Its core production includes carbon black, silica, polyvinylidene fluoride (PVDF), electricity, subsidiary products from coal tar deep processing, plastic woven products, and iron ore. The company's' product can also be widely used in auto parts including sealing strips of doors and windows, oil tubes, dampers and brake pads.
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