YTO Express Group Co (SHSE:600233) Gross Margin % : 9.35% (As of Sep. 2023)

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What is YTO Express Group Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. YTO Express Group Co's Gross Profit for the three months ended in Sep. 2023 was ¥1,286 Mil. YTO Express Group Co's Revenue for the three months ended in Sep. 2023 was ¥13,759 Mil. Therefore, YTO Express Group Co's Gross Margin % for the quarter that ended in Sep. 2023 was 9.35%.

Warning Sign:

YTO Express Group Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -5.3%.

The historical rank and industry rank for YTO Express Group Co's Gross Margin % or its related term are showing as below:

SHSE:600233' s Gross Margin % Range Over the Past 10 Years
Min: 8.23 Med: 12.62 Max: 26.62
Current: 10.59

During the past 13 years, the highest Gross Margin % of YTO Express Group Co was 26.62%. The lowest was 8.23%. And the median was 12.62%.

SHSE:600233's Gross Margin % is ranked worse than
76.93% of 945 companies
in the Transportation industry
Industry Median: 19.98 vs SHSE:600233: 10.59

YTO Express Group Co had a gross margin of 9.35% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for YTO Express Group Co was -5.30% per year.

YTO Express Group Co Gross Margin % Historical Data

The historical data trend for YTO Express Group Co'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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YTO Express Group Co Gross Margin % Chart

YTO Express Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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13.22

12.01

9.04

8.23

11.30

YTO Express Group Co 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															10.68	10.87	11.55	10.63	9.35

Competitive Comparison of YTO Express Group Co's Gross Margin %

For the Integrated Freight & Logistics subindustry, YTO Express Group Co'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.

YTO Express Group Co's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO Express Group Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where YTO Express Group Co's Gross Margin % falls into.

YTO Express Group Co Gross Margin % Calculation

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

YTO Express Group Co'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 )
	=	6049.8	/	53539.314
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(53539.314 - 47489.51)	/	53539.314
	=	11.30 %

YTO Express Group Co'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 )
	=	1286.5	/	13759.371
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(13759.371 - 12472.896)	/	13759.371
	=	9.35 %

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.

YTO Express Group Co (SHSE:600233) 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

YTO Express Group Co had a gross margin of 9.35% 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.

YTO Express Group Co Gross Margin % Related Terms

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YTO Express Group Co (SHSE:600233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » YTO Express Group Co Ltd (SHSE:600233) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xu Highway 3029, Huaxin Town, Qingpu District, Shanghai, CHN, 201705

Website

http://www.yto.net.cn

YTO Express is one of the Tongda Operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments. The company was founded by Yu Huijiao in 2020. Yu remains chair and president with a 33.22% stake as of Sept. 30, 2023. Yu and Zhang Xiao Juan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 20.65% interest as of Dec. 2, 2023.

YTO Express Group Co (SHSE:600233) Headlines

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