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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Gross Profit : ¥1,581 Mil (TTM As of Sep. 2024)


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What is Jiangsu Rainbow Heavy Industries Co Gross Profit?

Jiangsu Rainbow Heavy Industries Co's gross profit for the three months ended in Sep. 2024 was ¥369 Mil. Jiangsu Rainbow Heavy Industries Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥1,581 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Jiangsu Rainbow Heavy Industries Co's gross profit for the three months ended in Sep. 2024 was ¥369 Mil. Jiangsu Rainbow Heavy Industries Co's Revenue for the three months ended in Sep. 2024 was ¥1,999 Mil. Therefore, Jiangsu Rainbow Heavy Industries Co's Gross Margin % for the quarter that ended in Sep. 2024 was 18.44%.

Jiangsu Rainbow Heavy Industries Co had a gross margin of 18.44% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Jiangsu Rainbow Heavy Industries Co was 27.39%. The lowest was 6.04%. And the median was 22.44%.

Warning Sign:

Jiangsu Rainbow Heavy Industries Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.4%.


Jiangsu Rainbow Heavy Industries Co Gross Profit Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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 Rainbow Heavy Industries Co Gross Profit Chart

Jiangsu Rainbow Heavy Industries 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 518.00 812.50 974.53 1,027.47 1,467.18

Jiangsu Rainbow Heavy Industries Co 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 311.28 586.33 281.25 344.40 368.63

Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's Gross Profit

For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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 Rainbow Heavy Industries Co's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Rainbow Heavy Industries Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's Gross Profit falls into.



Jiangsu Rainbow Heavy Industries Co Gross Profit Calculation

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

Jiangsu Rainbow Heavy Industries 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
=7182.676 - 5715.497
=1,467

Jiangsu Rainbow Heavy Industries 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
=1999.37 - 1630.743
=369

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 ¥1,581 Mil.

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

Jiangsu Rainbow Heavy Industries 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
=369 / 1999.37
=18.44 %

* 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 Rainbow Heavy Industries Co  (SZSE:002483) 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 Rainbow Heavy Industries Co had a gross margin of 18.44% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Jiangsu Rainbow Heavy Industries Co Gross Profit Related Terms

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Jiangsu Rainbow Heavy Industries Co Business Description

Traded in Other Exchanges
N/A
Address
No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010
Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.
Executives
Sha Ming Jun Director
Wu Jian Directors, executives
Xie Gui Xing Directors, executives, directors
Sun Jian Cheng Executives
Li Xiao Qin Executives
Lin Bo Executives

Jiangsu Rainbow Heavy Industries Co Headlines

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