JD.com (JD.com) Gross Margin % : 14.21% (As of Dec. 2023)

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What is JD.com Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. JD.com's Gross Profit for the three months ended in Dec. 2023 was $6,093 Mil. JD.com's Revenue for the three months ended in Dec. 2023 was $42,867 Mil. Therefore, JD.com's Gross Margin % for the quarter that ended in Dec. 2023 was 14.21%.

The historical rank and industry rank for JD.com's Gross Margin % or its related term are showing as below:

JD' s Gross Margin % Range Over the Past 10 Years
Min: 11.63 Med: 14.04 Max: 14.72
Current: 14.72

During the past 13 years, the highest Gross Margin % of JD.com was 14.72%. The lowest was 11.63%. And the median was 14.04%.

JD's Gross Margin % is ranked worse than
85.58% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.74 vs JD: 14.72

JD.com had a gross margin of 14.21% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for JD.com was -0.10% per year.

JD.com Gross Margin % Historical Data

The historical data trend for JD.com'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.

JD.com Gross Margin % Chart

JD.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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14.63

13.56

14.06

14.72

JD.com Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															14.06	14.82	14.39	15.64	14.21

Competitive Comparison of JD.com's Gross Margin %

For the Internet Retail subindustry, JD.com'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.

JD.com's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Gross Margin % distribution charts can be found below:

* The bar in red indicates where JD.com's Gross Margin % falls into.

JD.com Gross Margin % Calculation

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

JD.com's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	22366.9	/	151909.19
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(151909.19 - 129542.31)	/	151909.19
	=	14.72 %

JD.com's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6092.5	/	42866.726
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(42866.726 - 36774.18)	/	42866.726
	=	14.21 %

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.

JD.com (NAS:JD) 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

JD.com had a gross margin of 14.21% for the quarter that ended in Dec. 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.

JD.com Gross Margin % Related Terms

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JD.com (JD.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JD.com Inc (NAS:JD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

JDCMF:USA JD:Mexico 09618:Hong Kong 0JOQ:UK 013C:Germany 013C:Germany 013A:Germany 013A:Germany 013A:Germany JDCO34:Brazil JD:Austria JD:Argentina

Address

No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111

Website

https://www.jd.com

JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.