Shinhan Financial (SHG) Gross Margin (2010 - 2023)
Shinhan Financial (SHG) posted quarterly Gross Margin of 97.92% for Q4 2023, down 208.0% year-on-year from 90.67% in Q4 2022, and down 2.08% on a QoQ basis from 100.0% in Q4 2022.
Shinhan Financial (SHG) Gross Margin (2010 - 2023) Analysis & Trends
Shinhan Financial (SHG) has reported Gross Margin for 12 consecutive years, with 97.92% the latest figure, recorded in Q4 2023.
- Quarterly Gross Margin fell 208.0% year-over-year to 97.92% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 49547.09% (up 4944708.0% YoY) and the FY2025 annual result came in at 97.88%, down 36.0% from the prior year.
- Gross Margin declined to 97.92% in Q4 2023 per SHG's latest filing, from 100.0% in the prior quarter.
- Over the last five years, Gross Margin for SHG reached as high as 111.12% in Q4 2019 and fell as low as 8158858.08% in Q2 2021.
- A 5-year average of 936284.58% and a median of 1194.54% in 2019 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin plunged 815801682 bps — and 2022, when it jumped 815895248 bps.
- Year by year, Gross Margin stood at 111.12% in 2019, then slumped by 1876 bps to 1973.24% in 2020, then surged by 106 bps to 109.44% in 2021, then declined by 9 bps to 100.0% in 2022, then slipped by 2 bps to 97.92% in 2023.
- According to Business Quant data, Gross Margin over the past three periods registered 97.92%, 100.0%, and 2215.28% for Q4 2023, Q4 2022, and Q3 2022 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | -244.16% |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 80.84% |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 30.54% |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | - |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | - |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | - |
| 10 | Itau Unibanco Holding | 90.02 Bn | 47.32 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 97.92% |
| Dec 31, 2022 | 100.00% |
| Sep 30, 2022 | -2,215.28% |
| Jun 30, 2022 | 94.40% |
| Dec 31, 2021 | 109.44% |
| Sep 30, 2021 | -4,913,645.45% |
| Jun 30, 2021 | -8,158,858.08% |
| Sep 30, 2020 | -1,973.24% |
| Jun 30, 2020 | -841.26% |
| Mar 31, 2020 | -26,869.89% |
| Dec 31, 2019 | 111.12% |
| Sep 30, 2019 | -1,137.70% |
| Jun 30, 2019 | -1,251.37% |
| Mar 31, 2019 | -1,704.75% |
| Dec 31, 2018 | 106.82% |
| Sep 30, 2018 | -4,614.90% |
| Jun 30, 2018 | 100.00% |
| Mar 31, 2018 | -1,979.99% |
| Dec 31, 2017 | 104.02% |
| Sep 30, 2017 | -644.77% |