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Gross Margin % is calculated as gross profit divided by its revenue. Pingtan Marine Enterprise's Gross Profit for the three months ended in Jun. 2022 was $0.0 Mil. Pingtan Marine Enterprise's Revenue for the three months ended in Jun. 2022 was $0.0 Mil. Therefore, Pingtan Marine Enterprise's Gross Margin % for the quarter that ended in Jun. 2022 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.
The historical rank and industry rank for Pingtan Marine Enterprise's Gross Margin % or its related term are showing as below:
Pingtan Marine Enterprise had a gross margin of N/A% for the quarter that ended in Jun. 2022 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Pingtan Marine Enterprise was 0.00% per year.
The historical data trend for Pingtan Marine Enterprise'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.
Pingtan Marine Enterprise Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 34.94 | 48.27 | 28.15 | -2.78 | -7.70 |
Pingtan Marine Enterprise Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Jun22 | |
Gross Margin % | Get a 7-Day Free Trial | -22.07 | 13.71 | -11.25 | -11.76 | - |
For the Farm Products subindustry, Pingtan Marine Enterprise'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Pingtan Marine Enterprise's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Pingtan Marine Enterprise's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)
Pingtan Marine Enterprise'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 ) |
= | -12.6 | / | 164.083 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (164.083 - 176.725) | / | 164.083 | |
= | -7.70 % |
Pingtan Marine Enterprise'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 ) |
= | 0 | / | 0 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (0 - 0) | / | 0 | |
= | N/A % |
* 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.
Pingtan Marine Enterprise (NAS:PME) 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
Pingtan Marine Enterprise had a gross margin of N/A% 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.
Thank you for viewing the detailed overview of Pingtan Marine Enterprise's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Liming Yung | officer: Chief Financial Officer | 18/F, ZHONGSHAN BUILDING A, NO. 154 HUDONG ROAD, FUZHOU F4 350001 |
Xinrong Zhuo | director, 10 percent owner, officer: Chief Executive Officer | FLOOR 18, TOWER A, ZHONG SHAN BUILDING, NO 154, HUDONG ROAD, GULAU DISTRICT, FUHOO CITY, FUJAN PROVINCE F4 00000 |
Lin Lin | director | 18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001 |
Xingan Lin | director | 18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001 |
Yang Yu | officer: CFO | 561 XIAN FENG ROAD, HARBIN HEILONGJIANG XX 1540000 |
Yeliang Zhou | director | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Zengbiao Zhu | director | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Lin Bao | director | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Bin Lin | director, officer: Senior Vice President | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Jin Shi | director, 10 percent owner, officer: Chief Executive Officer | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Teng Zhou | director | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Xuesong Song | director, 10 percent owner, officer: Chief Financial Officer | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Xuechu He | director | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Michael W Zhang | director | A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022 |
Xue Bai | director | A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022 |
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