Yang Ming Marine Transport (TPE:2609) Gross Margin %

: -4.09% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Yang Ming Marine Transport's Gross Profit for the three months ended in Dec. 2023 was NT$-1,337 Mil. Yang Ming Marine Transport's Revenue for the three months ended in Dec. 2023 was NT$32,723 Mil. Therefore, Yang Ming Marine Transport's Gross Margin % for the quarter that ended in Dec. 2023 was -4.09%.

The historical rank and industry rank for Yang Ming Marine Transport's Gross Margin % or its related term are showing as below:

TPE:2609' s Gross Margin % Range Over the Past 10 Years
Min: -7.85 Med: 4.35 Max: 63.87
Current: 4.44

During the past 13 years, the highest Gross Margin % of Yang Ming Marine Transport was 63.87%. The lowest was -7.85%. And the median was 4.35%.

TPE:2609's Gross Margin % is ranked worse than
90.7% of 946 companies
in the Transportation industry
Industry Median: 19.95 vs TPE:2609: 4.44

Yang Ming Marine Transport had a gross margin of -4.09% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Yang Ming Marine Transport was 167.40% per year.

Yang Ming Marine Transport Gross Margin % Historical Data

The historical data trend for Yang Ming Marine Transport'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.

Yang Ming Marine Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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4.07

17.24

63.87

61.23

4.44

Yang Ming Marine Transport Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															36.91	9.25	10.13	1.70	-4.09

Competitive Comparison

For the Marine Shipping subindustry, Yang Ming Marine Transport'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.

Yang Ming Marine Transport Gross Margin % Distribution

For the Transportation industry and Industrials sector, Yang Ming Marine Transport's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Yang Ming Marine Transport's Gross Margin % falls into.

Yang Ming Marine Transport Gross Margin % Calculation

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

Yang Ming Marine Transport'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 )
	=	6240.5	/	140623.713
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(140623.713 - 134383.17)	/	140623.713
	=	4.44 %

Yang Ming Marine Transport's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-1337	/	32722.789
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(32722.789 - 34059.78)	/	32722.789
	=	-4.09 %

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.

Yang Ming Marine Transport (TPE:2609) 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

Yang Ming Marine Transport had a gross margin of -4.09% for the quarter that ended in Dec. 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.

Yang Ming Marine Transport Gross Margin % Related Terms

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Yang Ming Marine Transport (TPE:2609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yang Ming Marine Transport Corp (TPE:2609) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

No. 271, Ming De 1st Road, Qidu District, Keelung, TWN, 206

Website

https://www.yangming.com

Yang Ming Marine Transport Corp is a transportation and logistics company that is headquartered in Taiwan and operates in the container shipping industry. The company has three segments: containership, bulk shipping, and others. It generates revenue from contracts with customers for providing domestic and overseas marine container shipping and passenger services. The company also earns revenue from operating leases on ships, containers, and warehouses. It earns the largest portion of its sales from customers in America, followed by Europe and Asia.

Yang Ming Marine Transport (TPE:2609) Headlines

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