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China Green Agriculture's gross profit for the three months ended in Dec. 2023 was $3.3 Mil. China Green Agriculture's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $20.2 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. China Green Agriculture's gross profit for the three months ended in Dec. 2023 was $3.3 Mil. China Green Agriculture's Revenue for the three months ended in Dec. 2023 was $17.8 Mil. Therefore, China Green Agriculture's Gross Margin % for the quarter that ended in Dec. 2023 was 18.70%.
China Green Agriculture had a gross margin of 18.70% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of China Green Agriculture was 39.47%. The lowest was 17.34%. And the median was 23.89%.
Warning Sign:
China Green Agriculture Inc gross margin has been in long-term decline. The average rate of decline per year is -7.3%.
The historical data trend for China Green Agriculture's Gross Profit 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.
China Green Agriculture Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 64.64 | 42.06 | 31.86 | 29.21 | 21.92 |
China Green Agriculture Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Profit | Get a 7-Day Free Trial | 4.51 | 7.38 | 4.84 | 4.65 | 3.33 |
For the Agricultural Inputs subindustry, China Green Agriculture's Gross Profit, along with its competitors' market caps and Gross Profit 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.
For the Agriculture industry and Basic Materials sector, China Green Agriculture's Gross Profit distribution charts can be found below:
* The bar in red indicates where China Green Agriculture's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
China Green Agriculture's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as
Gross Profit (A: Jun. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 124.14 | - | 102.222 | |
= | 21.9 |
China Green Agriculture's Gross Profit for the quarter that ended in Dec. 2023 is calculated as
Gross Profit (Q: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 17.8 | - | 14.472 | |
= | 3.3 |
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $20.2 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
China Green Agriculture'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 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 3.3 | / | 17.8 | |
= | 18.70 % |
* 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.
China Green Agriculture (NYSE:CGA) Gross Profit 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
China Green Agriculture had a gross margin of 18.70% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Thank you for viewing the detailed overview of China Green Agriculture's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhibiao Pan | officer: Co-Chief Executive Officer | NO.39, GROUP NO.1 GANGANG VILLAGE, WULIE COUNTY, DONGTAI F4 224200 |
Caihua Ran | 10 percent owner, other: Director's Mother | GROUP NO.4, XIAOHE VILLAGE, TOWNSHIP OF XIAOHE, YOUYANG COUNTY, CHONGQING F4 409800 |
Xiuzhen Xu | 10 percent owner, other: Co-CEO's Mother | NO.39, GROUP NO.1 GANGANG VILLAGEN, LIANYI COUNTY, DONGTAI F4 224200 |
Jian Huang | director | 676-GROUP 4, XIAOHE VILLAGE, TOWNSHIP OF XIAOHE, YOUYANG COUNTY, CHONGQING F4 409800 |
Xiaolai Li | director | NO. 20 BALUN VILLAGE, QIONGSHAN DISTRICT, HAIKOU F4 571100 |
Zhang Shiyu | director | 1919 MARKET ST., UNIT 812, PHILADELPHIA PA 19103 |
Shaanxi Baoyu Science & Technology Investment Co | 10 percent owner | 86 86 GAOXIN ROAD B-1-6F, XI'AN, SHAANXI PROVINCE F4 710075 |
Daqing Zhu | director | 3RD FLOOR, BOROUGH A, BLOCK A. NO. 181,, SOUTH TAIBAI ROAD, XI'AN, SHAANXI F4 710065 |
Zhuoyu Li | officer: President | 3RD FLOOR, BOROUGH A, BLOCK A, NO. 181, SOUTH TAIBAI ROAD, XI'AN, SHAANXI PROVINCE F4 710065 |
Yiru Shi | director | 1217 S CATALINA AVENUE, REDONDO BEACH CA 90277 |
Ale Fan | director | 3RD FLOOR, BOROUGH A, BLOCK A. NO. 181, SOUTH TAIBAI ROAD, XI?AN, SHAANXI PROVINCE F4 PRC 710065 |
Jianlei Shen | director | 3RD FLOOR, BOROUGH A, BLOCK A. NO. 181, SOUTH TAIBAI ROAD, XI?AN, SHAANXI PROVINCE F4 PRC 710065 |
Ken Ren | officer: Chief Financial Officer | 3RD FL, BOROUGH A, BLOCK A, NO. 181 SOUTH TAIBAI ROAD, XI'AN, SHAANXI PROVINCE F4 710065 |
Yizhao Zhang | director | 45 OLD MILLSTONE DRIVE, NIT 6, EAST WINDSOR NJ 08520 |
Robert B Fields | director | 215 EAST 68TH STREET, NEW YORK NY 10021 |
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