Mr Price Group (Mr Price Group) Gross Profit : $760 Mil (TTM As of Sep. 2023)

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What is Mr Price Group Gross Profit?

Mr Price Group's gross profit for the six months ended in Sep. 2023 was $357 Mil. Mr Price Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was $760 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Mr Price Group's gross profit for the six months ended in Sep. 2023 was $357 Mil. Mr Price Group's Revenue for the six months ended in Sep. 2023 was $880 Mil. Therefore, Mr Price Group's Gross Margin % for the quarter that ended in Sep. 2023 was 40.57%.

Mr Price Group had a gross margin of 40.57% for the quarter that ended in Sep. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Mr Price Group was 44.37%. The lowest was 39.67%. And the median was 42.46%.

Warning Sign:

Mr Price Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.7%.

Mr Price Group Gross Profit Historical Data

The historical data trend for Mr Price Group's Gross Profit can be seen below:

* 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.

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Mr Price Group Gross Profit Chart

Mr Price Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Profit

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672.68

590.73

638.62

772.94

707.91

Mr Price Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Profit	Get a 7-Day Free Trial															320.67	460.17	316.05	403.30	357.07

Competitive Comparison of Mr Price Group's Gross Profit

For the Apparel Retail subindustry, Mr Price Group'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.

Mr Price Group's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mr Price Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Mr Price Group's Gross Profit falls into.

Mr Price Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Mr Price Group's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as

Gross Profit (A: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1756.346	-	1048.441
	=	708

Mr Price Group's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	880.221	-	523.155
	=	357

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $760 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Mr Price Group's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	357	/	880.221
	=	40.57 %

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.

Mr Price Group (OTCPK:MRPLY) 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

Mr Price Group had a gross margin of 40.57% for the quarter that ended in Sep. 2023 => Durable competitive advantage

Mr Price Group Gross Profit Related Terms

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Mr Price Group (Mr Price Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mr Price Group Ltd (OTCPK:MRPLY) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

MRP:South Africa

Address

65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001

Website

https://www.mrpricegroup.com

Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. Its stores are concept-specific: mrp, the company's primary store, sells clothes, shoes, and accessories targeting young men and women; mrpSport stores sell sports apparel, equipment, footwear, and accessories; Miladys sells clothing for family-oriented women; mrpHome sells homeware and furniture, and Sheet Street sells home textile and decor products.