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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Piotech's selling, general, & admin. expense for the
three
months ended in Jun. 2026 was ¥277 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was ¥879 Mil.
Piotech (SHSE:688072) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Piotech Selling, General, & Admin. Expense Related Terms
Piotech Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for Piotech's Selling, General, & Admin. Expense 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.
SHSE:688072 vs LRCX, AMAT, KLAC: Selling, General, & Admin. Expense Comparison
For the Semiconductor Equipment & Materials subindustry, Piotech's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.
Piotech Selling, General, & Admin. Expense vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Piotech's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Piotech's Selling, General, & Admin. Expense falls into.
Piotech Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥879 Mil.
* 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.
What does a Selling, General, & Admin. Expense of ¥879 Mil mean?
Piotech (SHSE:688072) has a Selling, General, & Admin. Expense of ¥879 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Piotech and its competitors.
Is Piotech's Selling, General, & Admin. Expense too high?
Piotech's current Selling, General, & Admin. Expense is ¥879 Mil. Overall, Piotech has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piotech's Selling, General, & Admin. Expense compare to LRCX and AMAT?
Piotech's Selling, General, & Admin. Expense of ¥879 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Semiconductors company?
A good Selling, General, & Admin. Expense depends on the Semiconductors industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Piotech and its competitors. Piotech's current Selling, General, & Admin. Expense is ¥879 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piotech stock overvalued right now?
Based on GuruFocus' analysis, Piotech (SHSE:688072) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥422.17, compared to a current price of ¥722.46 — trading 71.1% above its estimated fair value. The current Selling, General, & Admin. Expense is ¥879 Mil. Piotech's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Piotech (SHSE:688072), the current Selling, General, & Admin. Expense is ¥879 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Piotech (SHSE:688072) Overvalued in 2026?
Based on GuruFocus' analysis, Piotech stock appears to be overvalued.
The current stock price of ¥722.46 is trading 71.1% above its estimated GF Value™ of ¥422.17.
GuruFocus considers Piotech to be Significantly Overvalued.
Key valuation signals for SHSE:688072:
Selling, General, & Admin. Expense: ¥879 Mil
GF Value™: ¥422.17 vs. price of ¥722.46 (71.1% above fair value)
No single metric tells the full story. See the SHSE:688072 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piotech Inc. is a Chinese semiconductor equipment manufacturer that develops, produces, and sells thin-film deposition equipment used in integrated circuit fabrication. Its core product lines include plasma-enhanced chemical vapor deposition (PECVD) systems, atomic layer deposition (ALD) equipment, and sub-atmospheric chemical vapor deposition (SACVD) tools, which are used to form dielectric and other thin films on wafers. These tools serve chipmakers producing memory devices such as NAND and DRAM, as well as logic and foundry chips. The company also provides related technical services, including installation, process support, and maintenance. Piotech sells primarily to semiconductor manufacturers in mainland China, benefiting from the localization of the domestic chip supply chain, and generates revenue through equipment sales plus ongoing service and spare-parts contracts. It is listed on the Shanghai Stock Exchange's STAR Market.
77GF Score
Get the complete analysis for SHSE:688072
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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