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Shanghai M&G Stationery Gross Margin %

: 23.41% (As of Jun. 2021)
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Gross Margin % is calculated as gross profit divided by its revenue. Shanghai M&G Stationery's Gross Profit for the three months ended in Jun. 2021 was CN¥907 Mil. Shanghai M&G Stationery's Revenue for the three months ended in Jun. 2021 was CN¥3,874 Mil. Therefore, Shanghai M&G Stationery's Gross Margin % for the quarter that ended in Jun. 2021 was 23.41%.


The historical rank and industry rank for Shanghai M&G Stationery's Gross Margin % or its related term are showing as below:

SHSE:603899' s Gross Margin % Range Over the Past 10 Years
Min: 24.21   Med: 26.49   Max: 27.43
Current: 24.21

24.21
27.43

During the past 10 years, the highest Gross Margin % of Shanghai M&G Stationery was 27.43%. The lowest was 24.21%. And the median was 26.49%.

SHSE:603899's Gross Margin % is ranked lower than
99.99% of the 284 Companies
in the Industrial Products industry.

( Industry Median: 29.75 vs. SHSE:603899: 24.21 )

Shanghai M&G Stationery had a gross margin of 23.41% for the quarter that ended in Jun. 2021 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Shanghai M&G Stationery was -0.80% per year.


Shanghai M&G Stationery Gross Margin % Historical Data

The historical data trend for Shanghai M&G Stationery'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.

Shanghai M&G Stationery Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.42 26.66 25.83 26.13 25.36

Shanghai M&G Stationery Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 26.41 27.09 22.16 24.63 23.41

Competitive Comparison

For the Business Equipment & Supplies subindustry, Shanghai M&G Stationery'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.

   

Shanghai M&G Stationery Gross Margin % Distribution

For the Industrial Products industry and Industrials sector, Shanghai M&G Stationery's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shanghai M&G Stationery's Gross Margin % falls into.



Shanghai M&G Stationery Gross Margin % Calculation

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

Shanghai M&G Stationery's Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )=Gross Profit (A: Dec. 2020 ) / Revenue (A: Dec. 2020 )
=3331.1 / 13137.746
=(Revenue - Cost of Goods Sold) / Revenue
=(13137.746 - 9806.61) / 13137.746
=25.36 %

Shanghai M&G Stationery's Gross Margin for the quarter that ended in Jun. 2021 is calculated as


Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=906.8 / 3874.206
=(Revenue - Cost of Goods Sold) / Revenue
=(3874.206 - 2967.397) / 3874.206
=23.41 %

* 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.


Shanghai M&G Stationery  (SHSE:603899) 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

Shanghai M&G Stationery had a gross margin of 23.41% for the quarter that ended in Jun. 2021 => Competition eroding margins


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.


Shanghai M&G Stationery Gross Margin % Related Terms

Thank you for viewing the detailed overview of Shanghai M&G Stationery's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai M&G Stationery Business Description

Shanghai M&G Stationery logo
Industry
Traded in Other Exchanges
N/A
Address
3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406
Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

Shanghai M&G Stationery Headlines

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