ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People's Republic of China. It offers equipment parts, including pump valve fittings, low voltage electrical, electric automation, wire and cable, fastening seal, pneumatics and hydraulics, and instrumentation products; chemicals, …
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ZKH Group Limited ranks #22 of 43
scored companies in Internet Retail by moat score — the top 51%.
The widest moat in the group is PDD Holdings Inc. (PDD)
at 77/100.
Moat scores for companies ranked near ZKH in Internet Retail
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 68
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 42
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 14
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 40
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 57
· 15% of the moat score
Scale matters only when it converts into economics.
ZKH Group Limited (ZKH) scores 41 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #22 of 43 scored companies in Internet Retail, the top 51%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 42 companies in Internet Retail. Its strongest defense is Cost Advantage (68/100) and its weakest is Capital Efficiency (14/100).
How does ZKH Group Limited compare with other Internet Retail companies?
ZKH Group Limited ranks #22 of 43 scored companies in Internet Retail by moat score. The widest moat in Internet Retail is PDD Holdings Inc. (PDD) at 77/100. The companies ranked closest are Newegg Commerce, Inc. (NEGG) at 43 just above it and D-Market Electronic Services & (HEPS) at 41 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 42 companies in Internet Retail. The defenses are then weighted to produce the overall score out of 100.
Why is ZKH Group Limited scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for ZKH Group Limited?
The Corporate Default template measures 6 defenses, and ZKH scores: Pricing Power (44), Cost Advantage (68), Customer Stickiness (42), Capital Efficiency (14), Resilience (40), Scale & Market Position (57). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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