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Hunan Xiangjia Animal Husbandry Co (SZSE:002982) Gross Margin % : 14.15% (As of Mar. 2024)


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What is Hunan Xiangjia Animal Husbandry Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hunan Xiangjia Animal Husbandry Co's Gross Profit for the three months ended in Mar. 2024 was ¥128 Mil. Hunan Xiangjia Animal Husbandry Co's Revenue for the three months ended in Mar. 2024 was ¥905 Mil. Therefore, Hunan Xiangjia Animal Husbandry Co's Gross Margin % for the quarter that ended in Mar. 2024 was 14.15%.

Warning Sign:

Hunan Xiangjia Animal Husbandry Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -18.6%.


The historical rank and industry rank for Hunan Xiangjia Animal Husbandry Co's Gross Margin % or its related term are showing as below:

SZSE:002982' s Gross Margin % Range Over the Past 10 Years
Min: 12.63   Med: 25.46   Max: 38.03
Current: 13.4


During the past 12 years, the highest Gross Margin % of Hunan Xiangjia Animal Husbandry Co was 38.03%. The lowest was 12.63%. And the median was 25.46%.

SZSE:002982's Gross Margin % is ranked worse than
76.91% of 1810 companies
in the Consumer Packaged Goods industry
Industry Median: 25.25 vs SZSE:002982: 13.40

Hunan Xiangjia Animal Husbandry Co had a gross margin of 14.15% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hunan Xiangjia Animal Husbandry Co was -18.60% per year.


Hunan Xiangjia Animal Husbandry Co Gross Margin % Historical Data

The historical data trend for Hunan Xiangjia Animal Husbandry Co'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.

Hunan Xiangjia Animal Husbandry Co Gross Margin % Chart

Hunan Xiangjia Animal Husbandry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.03 27.82 17.56 19.05 12.63

Hunan Xiangjia Animal Husbandry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.85 12.67 14.84 11.94 14.15

Competitive Comparison of Hunan Xiangjia Animal Husbandry Co's Gross Margin %

For the Farm Products subindustry, Hunan Xiangjia Animal Husbandry Co'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.


Hunan Xiangjia Animal Husbandry Co's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hunan Xiangjia Animal Husbandry Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hunan Xiangjia Animal Husbandry Co's Gross Margin % falls into.



Hunan Xiangjia Animal Husbandry Co Gross Margin % Calculation

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

Hunan Xiangjia Animal Husbandry Co'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 )
=491.4 / 3890.123
=(Revenue - Cost of Goods Sold) / Revenue
=(3890.123 - 3398.753) / 3890.123
=12.63 %

Hunan Xiangjia Animal Husbandry Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=128.1 / 905.192
=(Revenue - Cost of Goods Sold) / Revenue
=(905.192 - 777.079) / 905.192
=14.15 %

* 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.


Hunan Xiangjia Animal Husbandry Co  (SZSE:002982) 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

Hunan Xiangjia Animal Husbandry Co had a gross margin of 14.15% for the quarter that ended in Mar. 2024 => 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.


Hunan Xiangjia Animal Husbandry Co Gross Margin % Related Terms

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Hunan Xiangjia Animal Husbandry Co (SZSE:002982) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Jiashan Road, Tiangongshan Neighborhood Committee, Shimen Economic Development Zone, Hunan Province, Changde, CHN, 415300
Hunan Xiangjia Animal Husbandry Co Ltd is a poultry breeding and processing and organic fertilizer processing from farm to table and farm to farm in Hunan. The company engages in breeding poultry; poultry hatching, breeding, slaughtering, processing and sales, compound feed processing and sales, and biological fertilizer processing and sales.
Executives
Tang Shan Chu Directors, executives
He Ye Chun Directors, Directors, and Executives
Rao Tian Yu Supervisors

Hunan Xiangjia Animal Husbandry Co (SZSE:002982) Headlines

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