STAR CM Holdings (HKSE:06698) Gross Margin % : -37.77% (As of Dec. 2023)

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What is STAR CM Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. STAR CM Holdings's Gross Profit for the six months ended in Dec. 2023 was HK$-116.7 Mil. STAR CM Holdings's Revenue for the six months ended in Dec. 2023 was HK$309.0 Mil. Therefore, STAR CM Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was -37.77%.

The historical rank and industry rank for STAR CM Holdings's Gross Margin % or its related term are showing as below:

HKSE:06698' s Gross Margin % Range Over the Past 10 Years
Min: -13.91 Med: 32.18 Max: 39.02
Current: -13.91

During the past 5 years, the highest Gross Margin % of STAR CM Holdings was 39.02%. The lowest was -13.91%. And the median was 32.18%.

HKSE:06698's Gross Margin % is ranked worse than
97.93% of 965 companies
in the Media - Diversified industry
Industry Median: 38.36 vs HKSE:06698: -13.91

STAR CM Holdings had a gross margin of -37.77% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for STAR CM Holdings was 0.00% per year.

STAR CM Holdings Gross Margin % Historical Data

The historical data trend for STAR CM Holdings'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.

* Premium members only.

STAR CM Holdings Gross Margin % Chart

STAR CM Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

39.02

37.66

24.35

32.18

-13.91

STAR CM Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			22.38	30.96	32.50	32.87	-37.77

Competitive Comparison of STAR CM Holdings's Gross Margin %

For the Entertainment subindustry, STAR CM Holdings'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.

STAR CM Holdings's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, STAR CM Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where STAR CM Holdings's Gross Margin % falls into.

STAR CM Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

STAR CM Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-64.9	/	466.57
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(466.57 - 531.487)	/	466.57
	=	-13.91 %

STAR CM Holdings'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 )
	=	-116.7	/	308.993
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(308.993 - 425.7)	/	308.993
	=	-37.77 %

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.

STAR CM Holdings (HKSE:06698) 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

STAR CM Holdings had a gross margin of -37.77% 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.

STAR CM Holdings Gross Margin % Related Terms

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STAR CM Holdings (HKSE:06698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » STAR CM Holdings Ltd (HKSE:06698) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 300 Hankou Road, 17th Floor, Jiefang Building, Shanghai, CHN

Website

http://www.starcmgroup.com

STAR CM Holdings Ltd is engaged in the variety program IP production, operation, and licensing, music IP operation and licensing, film and drama series IP operation and licensing and other IP-related business. Geographically, the company derives majority of revenue from Mainland China.

Executives

Beamingstars Investment Holdings Limited	2501 Other
Chinese Culture (shanghai) Equity Investment Center (l.p.)	2501 Other
Chinese Culture (tianjin) Investment Management Co., Ltd.	2501 Other
East Brothers Investment Holdings Limited	2501 Other
Goldenbroad Investment Holdings Limited	2501 Other
Harvest Sky Investment Holdings Limited	2501 Other
Jin Lei	2501 Other
Shanghai Zhihua Enterprise Management Partnership (limited Partnership)	2501 Other
Unionstars Investment Holdings Limited	2101 Beneficial owner
Xu Xiangdong	2501 Other
Tian Ming	2501 Other
Tibet Yuanhe Enterprise Management Co., Ltd.	2101 Beneficial owner
Zhefu Holding Group Co., Ltd.	2201 Interest of corporation controlled by you

STAR CM Holdings (HKSE:06698) Headlines

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