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Ossen Innovation Co Gross Margin %

: 18.71% (As of Jun. 2020)
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Gross Margin % is calculated as gross profit divided by its revenue. Ossen Innovation Co's Gross Profit for the six months ended in Jun. 2020 was $10.3 Mil. Ossen Innovation Co's Revenue for the six months ended in Jun. 2020 was $54.9 Mil. Therefore, Ossen Innovation Co's Gross Margin % for the quarter that ended in Jun. 2020 was 18.71%.


NAS:OSN' s Gross Margin % Range Over the Past 10 Years
Min: 8.81   Med: 13.54   Max: 21.42
Current: 17.49

8.81
21.42

During the past 12 years, the highest Gross Margin % of Ossen Innovation Co was 21.42%. The lowest was 8.81%. And the median was 13.54%.

NAS:OSN's Gross Margin % is ranked higher than
67% of the 567 Companies
in the Steel industry.

( Industry Median: 12.66 vs. NAS:OSN: 17.49 )

Ossen Innovation Co had a gross margin of 18.71% for the quarter that ended in Jun. 2020 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ossen Innovation Co was 6.40% per year.


Ossen Innovation Co Gross Margin % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Ossen Innovation Co Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.32 13.75 11.07 15.08 16.10

Ossen Innovation Co Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
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 14.19 16.01 15.55 16.58 18.71

Competitive Comparison
* 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.


Ossen Innovation Co Gross Margin % Distribution

* The bar in red indicates where Ossen Innovation Co's Gross Margin % falls into.



Ossen Innovation Co Gross Margin % Calculation

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

Ossen Innovation Co's Gross Margin for the fiscal year that ended in Dec. 2019 is calculated as

Gross Margin % (A: Dec. 2019 )=Gross Profit (A: Dec. 2019 ) / Revenue (A: Dec. 2019 )
=22.4 / 138.9
=(Revenue - Cost of Goods Sold) / Revenue
=(138.9 - 116.542) / 138.9
=16.10 %

Ossen Innovation Co's Gross Margin for the quarter that ended in Jun. 2020 is calculated as


Gross Margin % (Q: Jun. 2020 )=Gross Profit (Q: Jun. 2020 ) / Revenue (Q: Jun. 2020 )
=10.3 / 54.851
=(Revenue - Cost of Goods Sold) / Revenue
=(54.851 - 44.588) / 54.851
=18.71 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Ossen Innovation Co  (NAS:OSN) 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

Ossen Innovation Co had a gross margin of 18.71% for the quarter that ended in Jun. 2020 => 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.


Ossen Innovation Co Gross Margin % Related Terms


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