TJK Intelligent Equipment Manufacturing (Tianjin) Co had a gross margin of 41.01% for the quarter that ended in Sep. 2024 => Durable competitive advantage
* 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.
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TJK Intelligent Equipment Manufacturing (Tianjin) Co Gross Profit Chart
TJK Intelligent Equipment Manufacturing (Tianjin) Co Annual Data
* 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.
TJK Intelligent Equipment Manufacturing (Tianjin) Co's Gross Profit Distribution in the Industrial Products Industry
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 ¥199.7 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.
TJK Intelligent Equipment Manufacturing (Tianjin) Co (SZSE:300823) 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
TJK Intelligent Equipment Manufacturing (Tianjin) Co had a gross margin of 41.01% for the quarter that ended in Sep. 2024 => Durable competitive advantage
TJK Intelligent Equipment Manufacturing (Tianjin) Co Gross Profit Related Terms
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TJK Intelligent Equipment Manufacturing (Tianjin) Co Business Description
TJK Intelligent Equipment Manufacturing (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.
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