Hunan Zhongke Electric Co's gross profit for the
three
months ended in Sep. 2024 was ¥332 Mil. Hunan Zhongke Electric Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥1,060 Mil.
* 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 Hunan Zhongke Electric Co's Gross Profit
For the Specialty Industrial Machinery subindustry, Hunan Zhongke 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.
Hunan Zhongke Electric Co's Gross Profit Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hunan Zhongke Electric Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Hunan Zhongke Electric Co's Gross Profit falls into.
Hunan Zhongke Electric Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Hunan Zhongke Electric Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 ¥1,060 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.
Hunan Zhongke Electric Co (SZSE:300035) 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
Hunan Zhongke Electric Co had a gross margin of 20.47% for the quarter that ended in Sep. 2024 => Competition eroding margins
Hunan Zhongke Electric Co Gross Profit Related Terms
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Hunan Zhongke Electric Co Ltd is engaged in the electromagnetic metallurgical industry. The company's products include tundish channel type induction heating and refining equipment, metal melting and casting electromagnetic stirring complete sets of equipment, complete sets of magnetic lifting equipment, magnetic separator. It is used in iron and steel, transport, shipbuilding, machinery, mining and other industries.
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