Shinhan Financial (SHG) Gross Margin (2009 - 2023)
Shinhan Financial's (SHG) quarterly Gross Margin came in at 97.92% in Q4 2023, up 6811.0% year-on-year from 1.42% in Q4 2022, and up 228.51% quarter-over-quarter from 29.81% in Q4 2022.
Shinhan Financial (SHG) Gross Margin (2009 - 2023) Analysis & Trends
Shinhan Financial's Gross Margin history runs 8 years deep, the most recent figure standing at 97.92% for Q4 2023.
- On a quarterly basis, Gross Margin rose 6811.0% year-over-year to 97.92% in Q4 2023; TTM through Dec 2023 was 186.31%, a 18625.0% increase from a year earlier, with the FY2025 full-year figure at 97.88%, down 36.0% from the prior year.
- Gross Margin advanced to 97.92% in Q4 2023 per SHG's latest filing, from 29.81% in the prior quarter.
- Across five years, Gross Margin topped out at 109.44% in Q4 2021 and bottomed at 5514.41% in Q3 2021.
- The 4-year median for Gross Margin is 29.81% (2022), against an average of 1450.1%.
- Across the five-year window, Gross Margin tumbled 354117 bps in 2021 and surged 6811 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 1973.24% in 2020, then surged by 106 bps to 109.44% in 2021, then slumped by 73 bps to 29.81% in 2022, then jumped by 229 bps to 97.92% in 2023.
- Per Business Quant, the three latest SHG Gross Margin figures stand at 97.92% (Q4 2023), 29.81% (Q4 2022), and 109.44% (Q4 2021).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | -244.16% |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | - |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | 80.84% |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | - |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | - |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | - |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | - |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | - |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | - |
| 10 | Itau Unibanco Holding | 89.22 Bn | 46.51 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 97.92% |
| Dec 31, 2022 | 29.81% |
| Dec 31, 2021 | 109.44% |
| Sep 30, 2021 | -5,514.41% |
| Sep 30, 2020 | -1,973.24% |
| Sep 30, 2012 | 51.93% |
| Jun 30, 2012 | 63.62% |
| Sep 30, 2011 | 90.42% |
| Jun 30, 2011 | -5,519.08% |
| Mar 31, 2011 | -3,851.80% |
| Dec 31, 2010 | -89,008.17% |
| Sep 30, 2010 | 99.98% |
| Jun 30, 2010 | -13.27% |
| Mar 31, 2010 | 57.23% |
| Dec 31, 2009 | 99.90% |
| Sep 30, 2009 | 99.91% |
| Jun 30, 2009 | 99.67% |
| Mar 31, 2009 | 99.85% |