Junhe Pumps Holding Co's gross profit for the
three
months ended in Mar. 2024 was ¥45.8 Mil. Junhe Pumps Holding Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥144.8 Mil.
* 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 Junhe Pumps Holding Co's Gross Profit
For the Tools & Accessories subindustry, Junhe Pumps Holding Co'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.
Junhe Pumps Holding Co's Gross Profit Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Junhe Pumps Holding Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Junhe Pumps Holding Co's Gross Profit falls into.
Junhe Pumps Holding Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Junhe Pumps Holding Co'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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥144.8 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.
Junhe Pumps Holding Co (SHSE:603617) Gross Profit 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
Junhe Pumps Holding Co had a gross margin of 19.20% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Junhe Pumps Holding Co Gross Profit Related Terms
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Junhe Pumps Holding Co (SHSE:603617) Business Description
Junhe Pumps Holding Co Ltd is mainly engaged in the research and development, design and manufacture of household pump products in China. It products portfolio includes such as submersible pumps, garden pumps, deep well pumps and fountain pumps. Its products are widely used in household water supply and drainage, sewage, garden and agricultural irrigation, home cleaning and landscaping and other fields.
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