CIMC Enric Holdings (CIMC Enric Holdings) Gross Margin % : 16.47% (As of Jun. 2023)

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What is CIMC Enric Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CIMC Enric Holdings's Gross Profit for the six months ended in Jun. 2023 was $247 Mil. CIMC Enric Holdings's Revenue for the six months ended in Jun. 2023 was $1,502 Mil. Therefore, CIMC Enric Holdings's Gross Margin % for the quarter that ended in Jun. 2023 was 16.47%.

The historical rank and industry rank for CIMC Enric Holdings's Gross Margin % or its related term are showing as below:

CIMEF' s Gross Margin % Range Over the Past 10 Years
Min: 14.69 Med: 17.23 Max: 20.4
Current: 15.75

During the past 13 years, the highest Gross Margin % of CIMC Enric Holdings was 20.40%. The lowest was 14.69%. And the median was 17.23%.

CIMEF's Gross Margin % is ranked worse than
65.95% of 925 companies
in the Oil & Gas industry
Industry Median: 27.82 vs CIMEF: 15.75

CIMC Enric Holdings had a gross margin of 16.47% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CIMC Enric Holdings was -0.30% per year.

CIMC Enric Holdings Gross Margin % Historical Data

The historical data trend for CIMC Enric Holdings's Gross Margin % 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.

CIMC Enric Holdings Gross Margin % Chart

CIMC Enric Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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17.11

17.04

14.69

17.35

15.75

CIMC Enric Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															14.55	15.90	18.57	16.47	15.15

Competitive Comparison of CIMC Enric Holdings's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, CIMC Enric Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

CIMC Enric Holdings's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CIMC Enric Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CIMC Enric Holdings's Gross Margin % falls into.

CIMC Enric Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

CIMC Enric Holdings's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	487.9	/	2811.619
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2811.619 - 2323.727)	/	2811.619
	=	17.35 %

CIMC Enric Holdings's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	247.3	/	1502.009
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1502.009 - 1254.688)	/	1502.009
	=	16.47 %

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.

CIMC Enric Holdings (OTCPK:CIMEF) Gross Margin % 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

CIMC Enric Holdings had a gross margin of 16.47% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

CIMC Enric Holdings Gross Margin % Related Terms

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CIMC Enric Holdings (CIMC Enric Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CIMC Enric Holdings Ltd (OTCPK:CIMEF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

03899:Hong Kong E8F:Germany

Address

CIMC R&D Center, third floor, No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN

Website

https://www.enricgroup.com

CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.