Xinyi Glass Holdings's gross profit for the
six
months ended in Dec. 2023 was HK$4,952 Mil. Xinyi Glass Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8,612 Mil.
Xinyi Glass Holdings had a gross margin of 34.93% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Xinyi Glass Holdings was 51.80%. The lowest was 25.17%. And the median was 36.23%.
Warning Sign:
Xinyi Glass Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.9%.
Xinyi Glass Holdings Gross Profit Historical Data
The historical data trend for Xinyi Glass Holdings'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.
Competitive Comparison of Xinyi Glass Holdings's Gross Profit
For the Building Materials subindustry, Xinyi Glass Holdings'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.
Xinyi Glass Holdings's Gross Profit Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Xinyi Glass Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where Xinyi Glass Holdings's Gross Profit falls into.
Xinyi Glass Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Xinyi Glass Holdings's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$8,612 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
Xinyi Glass Holdings had a gross margin of 34.93% for the quarter that ended in Dec. 2023 => Competition eroding margins
Xinyi Glass Holdings Gross Profit Related Terms
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Xinyi Glass Holdings (HKSE:00868) Business Description
Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products and a variety of related products in the PRC and Malaysia. It produces and sells range of glass products, including automobile glass, energy-saving architectural glass, high-quality float glass and other glass products for different commercial and industrial applications. Its glass products are sold to customers in over 140 countries and territories, including the PRC, Hong Kong, the United States, Canada, Australia, New Zealand and countries in Asia, the Middle East, Europe, Africa, and America. Its segments include float glass; automobile glass; and architectural glass out of which the float glass segment accounts for the majority of revenue.
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