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Jiangsu NanFang Precision Co (SZSE:002553) Gross Profit : ¥250.8 Mil (TTM As of Sep. 2024)


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What is Jiangsu NanFang Precision Co Gross Profit?

Jiangsu NanFang Precision Co's gross profit for the three months ended in Sep. 2024 was ¥67.1 Mil. Jiangsu NanFang Precision Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥250.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Jiangsu NanFang Precision Co's gross profit for the three months ended in Sep. 2024 was ¥67.1 Mil. Jiangsu NanFang Precision Co's Revenue for the three months ended in Sep. 2024 was ¥195.6 Mil. Therefore, Jiangsu NanFang Precision Co's Gross Margin % for the quarter that ended in Sep. 2024 was 34.31%.

Jiangsu NanFang Precision Co had a gross margin of 34.31% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Jiangsu NanFang Precision Co was 41.53%. The lowest was 31.18%. And the median was 34.48%.


Jiangsu NanFang Precision Co Gross Profit Historical Data

The historical data trend for Jiangsu NanFang Precision 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 NanFang Precision Co Gross Profit Chart

Jiangsu NanFang Precision 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 133.97 155.85 210.21 183.18 230.64

Jiangsu NanFang Precision 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 65.23 61.72 55.83 66.10 67.13

Competitive Comparison of Jiangsu NanFang Precision Co's Gross Profit

For the Auto Parts subindustry, Jiangsu NanFang Precision 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 NanFang Precision Co's Gross Profit Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiangsu NanFang Precision Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Jiangsu NanFang Precision Co's Gross Profit falls into.



Jiangsu NanFang Precision Co Gross Profit Calculation

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

Jiangsu NanFang Precision 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
=671.345 - 440.707
=230.6

Jiangsu NanFang Precision 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
=195.637 - 128.511
=67.1

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 ¥250.8 Mil.

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

Jiangsu NanFang Precision 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
=67.1 / 195.637
=34.31 %

* 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 NanFang Precision Co  (SZSE:002553) 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 NanFang Precision Co had a gross margin of 34.31% for the quarter that ended in Sep. 2024 => Competition eroding margins


Jiangsu NanFang Precision Co Gross Profit Related Terms

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Jiangsu NanFang Precision Co Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Longxiang Road, Wujin High-Tech Development Zone, Jiangsu, Changzhou, CHN, 213164
Jiangsu NanFang Precision Co Ltd is engaged in the manufacturing and research and development of bearings and related parts in the transmission field. Its products include Needle Bearing, One-way Clutch, OAP, and Precision Machined Parts for automobile and motorcycle, and Industry.
Executives
Xu Wei Nan Director
Zhu Chen Supervisors
Zhou Xiao Yan Supervisors
Zhou Xue Gang Directors, executives
Wei Dong Director
Cai Wei Dong Secretary Dong
Shi Yan Min Executives
Shi Jian Wei Directors, executives
Jiang Xu Feng Directors, executives
Shi Juan Hua Director

Jiangsu NanFang Precision Co Headlines

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