Spinnova Oyj
OMXH:SPINN
Gross Margin
Spinnova Oyj
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| FI |
S
|
Spinnova Oyj
OMXH:SPINN
|
20.4m EUR |
93%
|
|
| CN |
S
|
Shijiazhuang ChangShan BeiMing Technology Co Ltd
SZSE:000158
|
32.6B CNY |
10%
|
|
| IN |
S
|
Spentex Industries Ltd
NSE:SPENTEX
|
291.1B INR |
18%
|
|
| TW |
|
Eclat Textile Co Ltd
TWSE:1476
|
107B TWD |
31%
|
|
| HK |
C
|
Cecep Costin New Materials Group Ltd
HKEX:2228
|
20.5B HKD |
0%
|
|
| TW |
|
Ruentex Industries Ltd
TWSE:2915
|
57.4B TWD |
38%
|
|
| IN |
W
|
Welspun India Ltd
NSE:WELSPUNIND
|
146.2B INR |
47%
|
|
| IN |
T
|
Trident Ltd
NSE:TRIDENT
|
143.3B INR |
48%
|
|
| UK |
|
Coats Group PLC
LSE:COA
|
1.2B GBP |
37%
|
|
| IN |
|
Vardhman Textiles Ltd
NSE:VTL
|
132.7B INR |
45%
|
|
| IN |
|
Swan Energy Ltd
NSE:SWANENERGY
|
131.7B INR |
16%
|
Spinnova Oyj
Glance View
Spinnova Oyj engages in the production and distribution of textile fibres and wood fabrics. The company is headquartered in Jyvaskyla, Lansi-Suomen and currently employs 81 full-time employees. The company went IPO on 2021-06-24. Spinnova Oyj has developed a new technology for making textile fiber out of wood and waste such as leather, textile or food waste, without harmful chemicals. SPINNOVA fiber does not produce any waste or side streams and is produced with minimal water usage and with minimal CO2 emissions. The fiber is recyclable, quickly biodegradable, does not contain microplastics and can be produced without solvents or other harmful chemicals or additives. The target customers for Spinnova fiber consist of large multinational textile brands, especially clothing brands that use a lot of cotton and/or have the intention of reducing their environmental impact. The firm has a production plant in Jyvaskyla.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Spinnova Oyj's most recent financial statements, the company has Gross Margin of 92.7%.
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