Assure Tech (Hangzhou) Co (SHSE:688075) Profitability Rank : 8 (As of Mar. 2024)

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What is Assure Tech (Hangzhou) Co Profitability Rank?

Assure Tech (Hangzhou) Co has the Profitability Rank of 8. It has a higher profitability and may stay that way.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

Assure Tech (Hangzhou) Co's Operating Margin % for the quarter that ended in Mar. 2024 was 20.42%. As of today, Assure Tech (Hangzhou) Co's Piotroski F-Score is 3.

Competitive Comparison of Assure Tech (Hangzhou) Co's Profitability Rank

For the Biotechnology subindustry, Assure Tech (Hangzhou) Co's Profitability Rank, along with its competitors' market caps and Profitability Rank 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.

Assure Tech (Hangzhou) Co's Profitability Rank Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Assure Tech (Hangzhou) Co's Profitability Rank distribution charts can be found below:

* The bar in red indicates where Assure Tech (Hangzhou) Co's Profitability Rank falls into.

Assure Tech (Hangzhou) Co Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Assure Tech (Hangzhou) Co has the Profitability Rank of 8. It has a higher profitability and may stay that way.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Assure Tech (Hangzhou) Co's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	26.428	/	129.407
	=	20.42 %

* 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.

2. Piotroski F-Score

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

Assure Tech (Hangzhou) Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

Warning Sign:

Assure Tech (Hangzhou) Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -15.3%.

4. Consistency of the profitability

5. Predictability Rank

Assure Tech (Hangzhou) Co Profitability Rank Related Terms

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Assure Tech (Hangzhou) Co (SHSE:688075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Assure Tech (Hangzhou) Co Ltd (SHSE:688075) » Definitions » Profitability Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1418-50,Moganshan Road, Building 4, Gongshu District, Hangzhou, CHN

Website

http://www.diareagent.com

Assure Tech (Hangzhou) Co Ltd is a biotechnology company. The company is engaged in research & development, production, sell of diagnostic reagents, POCT and biological materials.

Assure Tech (Hangzhou) Co (SHSE:688075) Headlines

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