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Jiangsu Fasten Co (SZSE:000890) Gross Profit : ¥64.1 Mil (TTM As of Mar. 2024)


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What is Jiangsu Fasten Co Gross Profit?

Jiangsu Fasten Co's gross profit for the three months ended in Mar. 2024 was ¥13.9 Mil. Jiangsu Fasten Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥64.1 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Jiangsu Fasten Co's gross profit for the three months ended in Mar. 2024 was ¥13.9 Mil. Jiangsu Fasten Co's Revenue for the three months ended in Mar. 2024 was ¥111.7 Mil. Therefore, Jiangsu Fasten Co's Gross Margin % for the quarter that ended in Mar. 2024 was 12.43%.

Jiangsu Fasten Co had a gross margin of 12.43% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Jiangsu Fasten Co was 20.24%. The lowest was -33.86%. And the median was 15.03%.


Jiangsu Fasten Co Gross Profit Historical Data

The historical data trend for Jiangsu Fasten Co'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.

* Premium members only.

Jiangsu Fasten Co Gross Profit Chart

Jiangsu Fasten Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only -339.84 -74.36 118.99 104.80 65.79

Jiangsu Fasten Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit 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 15.54 -1.30 22.92 28.63 13.89

Competitive Comparison of Jiangsu Fasten Co's Gross Profit

For the Steel subindustry, Jiangsu Fasten 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.


Jiangsu Fasten Co's Gross Profit Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu Fasten Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Jiangsu Fasten Co's Gross Profit falls into.



Jiangsu Fasten Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Jiangsu Fasten Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=445.93 - 380.139
=65.8

Jiangsu Fasten Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=111.669 - 97.783
=13.9

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 ¥64.1 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Jiangsu Fasten 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 )
=(Revenue - Cost of Goods Sold) / Revenue
=13.9 / 111.669
=12.43 %

* 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.


Jiangsu Fasten Co  (SZSE:000890) 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

Jiangsu Fasten Co had a gross margin of 12.43% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


Jiangsu Fasten Co Gross Profit Related Terms

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Jiangsu Fasten Co (SZSE:000890) Business Description

Traded in Other Exchanges
N/A
Address
No. 165, Chengjiang Middle Road, Jiangsu Province, Jiangyin, CHN, 214434
Jiangsu Fasten Co Ltd is a China-based company mainly engaged in commercial factoring, fine optimization of metal products, bridge cable products and infrastructure materials manufacturing and sales. The company offers steel wires, stranded steel wires, stainless steel silk products, and steel-cables; fiber and cable products.
Executives
Huang Xiao Juan Supervisors
Zhu Gang Supervisors
Zhao Jun Directors, executives
Cao Yu Director
Liu Li Hua Director
Tang Fu Ru Supervisors
Liu Yin Director
Liang Le Tian Executives
Zhou Jian Song Director
Wu Yu Jun Executives

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