Winall Hi-tech Seed Co's gross profit for the
three
months ended in Mar. 2024 was ¥133 Mil. Winall Hi-tech Seed Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,096 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 Winall Hi-tech Seed Co's Gross Profit
For the Farm Products subindustry, Winall Hi-tech Seed 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.
Winall Hi-tech Seed Co's Gross Profit Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Winall Hi-tech Seed Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Winall Hi-tech Seed Co's Gross Profit falls into.
Winall Hi-tech Seed Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Winall Hi-tech Seed 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 ¥1,096 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.
Winall Hi-tech Seed Co (SZSE:300087) 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
Winall Hi-tech Seed Co had a gross margin of 19.74% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Winall Hi-tech Seed Co Gross Profit Related Terms
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Winall Hi-tech Seed Co (SZSE:300087) Business Description
Winall Hi-tech Seed Co Ltd is a seed company. It is engaged in the breeding of various crop seeds in China. The company produces hybrid rice varieties from double cropping; and three-line two-line hybrid rice varieties, as well as corn, wheat, cottonseed oil, vegetables, west melon, pumpkin, and other crop seeds.
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