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Trina Solar Co (SHSE:688599) Gross Margin % : 14.84% (As of Mar. 2024)


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What is Trina Solar Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Trina Solar Co's Gross Profit for the three months ended in Mar. 2024 was ¥2,710 Mil. Trina Solar Co's Revenue for the three months ended in Mar. 2024 was ¥18,256 Mil. Therefore, Trina Solar Co's Gross Margin % for the quarter that ended in Mar. 2024 was 14.84%.


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

SHSE:688599' s Gross Margin % Range Over the Past 10 Years
Min: 13.43   Med: 16.55   Max: 19.06
Current: 15.97


During the past 8 years, the highest Gross Margin % of Trina Solar Co was 19.06%. The lowest was 13.43%. And the median was 16.55%.

SHSE:688599's Gross Margin % is ranked worse than
74.9% of 972 companies
in the Semiconductors industry
Industry Median: 28.165 vs SHSE:688599: 15.97

Trina Solar Co had a gross margin of 14.84% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Trina Solar Co was 0.00% per year.


Trina Solar Co Gross Margin % Historical Data

The historical data trend for Trina Solar 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.

* Premium members only.

Trina Solar Co Gross Margin % Chart

Trina Solar Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 17.44 15.97 14.14 13.43 15.86

Trina Solar Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial 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 17.95 16.14 16.70 13.41 14.84

Competitive Comparison of Trina Solar Co's Gross Margin %

For the Solar subindustry, Trina Solar 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.


Trina Solar Co's Gross Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Trina Solar Co's Gross Margin % distribution charts can be found below:

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



Trina Solar Co Gross Margin % Calculation

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

Trina Solar Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=17982.6 / 113391.783
=(Revenue - Cost of Goods Sold) / Revenue
=(113391.783 - 95409.171) / 113391.783
=15.86 %

Trina Solar Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=2709.8 / 18255.937
=(Revenue - Cost of Goods Sold) / Revenue
=(18255.937 - 15546.119) / 18255.937
=14.84 %

* 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.


Trina Solar Co  (SHSE:688599) 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

Trina Solar Co had a gross margin of 14.84% for the quarter that ended in Mar. 2024 => 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.


Trina Solar Co Gross Margin % Related Terms

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Trina Solar Co (SHSE:688599) Business Description

Traded in Other Exchanges
Address
No.2 Tianhe Road, Trina PV Industrial Park, Xinbei District, Jiangsu, CHN, 213031
Trina Solar Co Ltd is engaged in manufacturing photovoltaic products, photovoltaic systems and smart energy. The photovoltaic products business includes research and development, manufacture and sales of monocrystalline silicon-based photovoltaic modules; the photovoltaic systems business includes power station business and construction and management of photovoltaic power station projects, among others; smart energy business includes photovoltaic power generation, operation, and management of the photovoltaic power station, research and sales of the smart microgrid and multi-energy systems, and operation of the energy cloud platform, among others.

Trina Solar Co (SHSE:688599) Headlines

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