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China Yongda Automobiles Services Holdings (HKSE:03669) Gross Margin %

: 9.81% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. China Yongda Automobiles Services Holdings's Gross Profit for the six months ended in Jun. 2022 was HK$3,611 Mil. China Yongda Automobiles Services Holdings's Revenue for the six months ended in Jun. 2022 was HK$36,797 Mil. Therefore, China Yongda Automobiles Services Holdings's Gross Margin % for the quarter that ended in Jun. 2022 was 9.81%.


The historical rank and industry rank for China Yongda Automobiles Services Holdings's Gross Margin % or its related term are showing as below:

HKSE:03669' s Gross Margin % Range Over the Past 10 Years
Min: 8.13   Med: 8.92   Max: 9.95
Current: 10.38


During the past 11 years, the highest Gross Margin % of China Yongda Automobiles Services Holdings was 9.95%. The lowest was 8.13%. And the median was 8.92%.

HKSE:03669's Gross Margin % is ranked worse than
81.5% of 1211 companies
in the Vehicles & Parts industry
Industry Median: 18.27 vs HKSE:03669: 10.38

China Yongda Automobiles Services Holdings had a gross margin of 9.81% for the quarter that ended in Jun. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China Yongda Automobiles Services Holdings was 0.80% per year.


China Yongda Automobiles Services Holdings Gross Margin % Historical Data

The historical data trend for China Yongda Automobiles Services 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.

China Yongda Automobiles Services Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.91 9.41 9.35 8.99 9.95

China Yongda Automobiles Services Holdings Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Gross Margin % 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 Premium Member Only Premium Member Only Premium Member Only 9.11 8.91 9.14 10.83 9.81

Competitive Comparison

For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services 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.

   

China Yongda Automobiles Services Holdings Gross Margin % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where China Yongda Automobiles Services Holdings's Gross Margin % falls in comparison to its industry or sector. The grey bar indicates the Gross Margin %'s extreme value range as defined by GuruFocus.



China Yongda Automobiles Services Holdings Gross Margin % Calculation

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

China Yongda Automobiles Services Holdings's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=9492.9 / 95406.277714349
=(Revenue - Cost of Goods Sold) / Revenue
=(95406.277714349 - 85913.367925989) / 95406.277714349
=9.95 %

China Yongda Automobiles Services Holdings's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=3611.2 / 36797.196292598
=(Revenue - Cost of Goods Sold) / Revenue
=(36797.196292598 - 33185.990698247) / 36797.196292598
=9.81 %

* 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.


China Yongda Automobiles Services Holdings  (HKSE:03669) 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

China Yongda Automobiles Services Holdings had a gross margin of 9.81% for the quarter that ended in Jun. 2022 => 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.


China Yongda Automobiles Services Holdings Gross Margin % Related Terms

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China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

China Yongda Automobiles Services Holdings logo
Traded in Other Exchanges
Address
299 Ruijin Nan Road, Huangpu District, Shanghai, CHN, 200023
China Yongda Automobiles Services Holdings is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company has four segments: new passenger vehicle sales, repair and maintenance services, automobile extension products and services, automobile finance and insurance product agency services, pre-owned vehicles, automobile rental services, and financial leasing and small loan services. The auto sales service sells luxury automobiles like Bentley, BMW, Audi, Lincoln, Infiniti, Porsche, Jaguar Land Rover, AstonMartin, and Cadillac.

China Yongda Automobiles Services Holdings (HKSE:03669) Headlines

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