The historical rank and industry rank for New Times Energy's Gross Margin % or its related term are showing as below:
HKSE:00166'
s Gross Margin % Range Over the Past 10 Years
Min: -0.52 Med: 3.07 Max: 22.57
Current: -0.52
During the past 13 years, the highestGross Margin % of New Times Energy was 22.57%. The lowest was -0.52%. And the median was 3.07%.
HKSE:00166's Gross Margin % is ranked worse than 88.21% of 704
companies
in the Metals & Mining industry
Industry Median: 19.22
vs HKSE:00166: -0.52
New Times Energy had a gross margin of -1.59% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for New Times Energy was 0.00% per year.
New Times Energy Gross Margin % Historical Data
The historical data trend for New Times Energy'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.
Competitive Comparison of New Times Energy's Gross Margin %
For the Other Industrial Metals & Mining subindustry, New Times Energy'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.
New Times Energy's Gross Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Times Energy's Gross Margin % distribution charts can be found below:
* The bar in red indicates where New Times Energy's Gross Margin % falls into.
* 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.
New Times Energy (HKSE:00166) 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
New Times Energy had a gross margin of -1.59% 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.
New Times Energy Gross Margin % Related Terms
Thank you for viewing the detailed overview of New Times Energy's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
New Times Energy (HKSE:00166) Business Description
New Times Energy Corp Ltd is an investment holding company. The company's operating segment includes Upstream, which is engaged in the exploration, development, production, and sale of crude oil; and the General and commodities trading segment includes trading of non-ferrous metals, gold, and petroleum-related products. The Company operates its business through two segments. The General and Commodities Refinery and Trading segment and The Upstream segment. It generates maximum revenue from the Commodities trading segment. The company's geographical segments are Hong Kong, Mainland China, Argentina, Singapore, and the United Arab Emirates, of which Hong Kong accounts for the majority of its revenue.
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