China Tourism Group Duty Free (HKSE:01880) Net Margin % : 5.41% (As of Sep. 2024)

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What is China Tourism Group Duty Free Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. China Tourism Group Duty Free's Net Income for the three months ended in Sep. 2024 was HK$701 Mil. China Tourism Group Duty Free's Revenue for the three months ended in Sep. 2024 was HK$12,943 Mil. Therefore, China Tourism Group Duty Free's net margin for the quarter that ended in Sep. 2024 was 5.41%.

The historical rank and industry rank for China Tourism Group Duty Free's Net Margin % or its related term are showing as below:

HKSE:01880' s Net Margin % Range Over the Past 10 Years
Min: 6.58 Med: 9.1 Max: 14.26
Current: 9.09

HKSE:01880's Net Margin % is ranked better than
85.33% of 1104 companies
in the Retail - Cyclical industry
Industry Median: 2.24 vs HKSE:01880: 9.09

China Tourism Group Duty Free Net Margin % Historical Data

The historical data trend for China Tourism Group Duty Free's Net 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 Tourism Group Duty Free Net Margin % Chart

China Tourism Group Duty Free Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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9.53

11.67

14.26

9.24

9.94

China Tourism Group Duty Free Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Net Margin %	Get a 7-Day Free Trial															8.95	9.03	12.26	7.84	5.41

Competitive Comparison of China Tourism Group Duty Free's Net Margin %

For the Specialty Retail subindustry, China Tourism Group Duty Free's Net Margin %, along with its competitors' market caps and Net 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 Tourism Group Duty Free's Net Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Net Margin % distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Net Margin % falls into.

China Tourism Group Duty Free Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

China Tourism Group Duty Free's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	7343.289	/	73873.941
	=	9.94 %

China Tourism Group Duty Free's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin	=	Net Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	700.706	/	12943.44
	=	5.41 %

China Tourism Group Duty Free (HKSE:01880) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

China Tourism Group Duty Free Net Margin % Related Terms

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China Tourism Group Duty Free Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (HKSE:01880) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

601888:China

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2023 with revenue of CNY 67.5 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 30 provinces in China, as well as overseas. The company also operates a duty-paid business and its 2023 revenue mix comprised 66% duty-free sales and 34% duty-paid sales and others. CTG Duty Free is 50.3% owned by China Tourism Group, a state-owned enterprise that falls directly under the state-owned Asset Supervision and Administration Commission of the State Council.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Aggregate Of Abrdn Plc Affiliated Investment Management Entities	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Bank Of America Corporation
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Gic Private Limited	2102 Investment manager
Brown Brothers Harriman & Co.	2502 Approved lending agent

China Tourism Group Duty Free Headlines

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