China CSSC Holdings (SHSE:600150) Gross Margin % : 16.53% (As of Sep. 2023)

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What is China CSSC Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. China CSSC Holdings's Gross Profit for the three months ended in Sep. 2023 was ¥3,163 Mil. China CSSC Holdings's Revenue for the three months ended in Sep. 2023 was ¥19,128 Mil. Therefore, China CSSC Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was 16.53%.

Warning Sign:

China CSSC Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -12.7%.

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

SHSE:600150' s Gross Margin % Range Over the Past 10 Years
Min: 7.6 Med: 10.66 Max: 17.78
Current: 8.63

During the past 13 years, the highest Gross Margin % of China CSSC Holdings was 17.78%. The lowest was 7.60%. And the median was 10.66%.

SHSE:600150's Gross Margin % is ranked worse than
87.88% of 297 companies
in the Aerospace & Defense industry
Industry Median: 26.36 vs SHSE:600150: 8.63

China CSSC Holdings had a gross margin of 16.53% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for China CSSC Holdings was -12.70% per year.

China CSSC Holdings Gross Margin % Historical Data

The historical data trend for China CSSC 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.

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China CSSC Holdings Gross Margin % Chart

China CSSC Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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13.32

9.05

10.71

10.60

7.60

China CSSC Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															12.44	2.96	9.41	6.82	16.53

Competitive Comparison of China CSSC Holdings's Gross Margin %

For the Aerospace & Defense subindustry, China CSSC 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 CSSC Holdings's Gross Margin % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China CSSC Holdings's Gross Margin % distribution charts can be found below:

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

China CSSC Holdings Gross Margin % Calculation

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

China CSSC 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 )
	=	4525.9	/	59557.739
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(59557.739 - 55031.879)	/	59557.739
	=	7.60 %

China CSSC Holdings's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3162.7	/	19127.924
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19127.924 - 15965.213)	/	19127.924
	=	16.53 %

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 CSSC Holdings (SHSE:600150) 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 CSSC Holdings had a gross margin of 16.53% for the quarter that ended in Sep. 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.

China CSSC Holdings Gross Margin % Related Terms

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China CSSC Holdings (SHSE:600150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China CSSC Holdings Ltd (SHSE:600150) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Pudong Avenue, Pudong New Area, 15A, China Shipbuilding Building, Shanghai, CHN, 200120

Website

http://csscholdings.cssc.net.cn

China CSSC Holdings Ltd is a China-based company engaged in the business activities of shipbuilding and ship repair. Its main products are a Capesize bulk carrier, Floating production storage and offloading, Aframax tanker and others. In addition, the company is also involved in the business activities of the core package, ocean engineering and other.

China CSSC Holdings (SHSE:600150) Headlines

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