Next Technology Holding (Next Technology Holding) Gross Margin % : 20.02% (As of Dec. 2023)

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What is Next Technology Holding Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Next Technology Holding's Gross Profit for the three months ended in Dec. 2023 was $0.20 Mil. Next Technology Holding's Revenue for the three months ended in Dec. 2023 was $1.00 Mil. Therefore, Next Technology Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 20.02%.

The historical rank and industry rank for Next Technology Holding's Gross Margin % or its related term are showing as below:

NXTT' s Gross Margin % Range Over the Past 10 Years
Min: 32.15 Med: 81.35 Max: 90.18
Current: 32.15

During the past 5 years, the highest Gross Margin % of Next Technology Holding was 90.18%. The lowest was 32.15%. And the median was 81.35%.

NXTT's Gross Margin % is ranked worse than
62.6% of 2631 companies
in the Software industry
Industry Median: 41.74 vs NXTT: 32.15

Next Technology Holding had a gross margin of 20.02% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Next Technology Holding was 0.00% per year.

Next Technology Holding Gross Margin % Historical Data

The historical data trend for Next Technology Holding'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.

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Next Technology Holding Gross Margin % Chart

Next Technology Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

90.18

81.35

54.50

Next Technology Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial														-	-48.21	-	75.58	20.02

Competitive Comparison of Next Technology Holding's Gross Margin %

For the Software - Application subindustry, Next Technology Holding'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.

Next Technology Holding's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Next Technology Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Next Technology Holding's Gross Margin % falls into.

Next Technology Holding Gross Margin % Calculation

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

Next Technology Holding'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 )
	=	1.4	/	2.633
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2.633 - 1.198)	/	2.633
	=	54.50 %

Next Technology Holding'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 )
	=	0.2	/	0.999
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.999 - 0.799)	/	0.999
	=	20.02 %

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.

Next Technology Holding (NAS:NXTT) 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

Next Technology Holding had a gross margin of 20.02% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Next Technology Holding Gross Margin % Related Terms

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Next Technology Holding (Next Technology Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Next Technology Holding Inc (NAS:NXTT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Kechuang 10th Street, Room 101, Level 1 Building 8, Beijing Economic and Technological, Development Zone, Beijing, CHN, 100020

Website

https://www.wetradegroup.net

WeTrade Group Inc is engaged in providing technical services and solutions via its membership-based social e-commerce platform and chatGPT technical services. The company provides technology services to both individual and corporate users. It offers an international cloud-based intelligence system and independently developed a micro-business cloud intelligence system called the YCloud. The company also serves tourism, hospitality, livestreaming and short video, medical beauty, and traditional retail industries.

Executives

Biming Guo	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, BEIJING F4 100020
Kean Tat Che	director, officer: CFO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Yuxing Ye	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Donghui Wang	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Ning Qin	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Pijun Liu	director, 10 percent owner, officer: CEO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zhuo Li	director, officer: COO and Executive Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Daxue Li	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zheng Dai	director, 10 percent owner, officer: Chairman and Exec. Director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Hung Fai Choi	director	NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000