Top Glove Bhd's gross profit for the
three
months ended in Feb. 2024 was $115.5 Mil. Top Glove Bhd's gross profit for the trailing twelve months (TTM) ended in Feb. 2024 was $441.7 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Top Glove Bhd's gross profit for the
three
months ended in Feb. 2024 was $115.5 Mil. Top Glove Bhd's Revenue for the
three
months ended in Feb. 2024 was $115.5 Mil. Therefore, Top Glove Bhd's Gross Margin % for the quarter that ended in Feb. 2024 was N/A%.
Top Glove Bhd had a gross margin of N/A% for the quarter that ended in Feb. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Top Glove Bhd was 67.86%. The lowest was 2.85%. And the median was 19.19%.
Warning Sign:
Top Glove Corp Bhd gross margin has been in long-term decline. The average rate of decline per year is -23.6%.
Top Glove Bhd Gross Profit Historical Data
The historical data trend for Top Glove Bhd'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.
Competitive Comparison of Top Glove Bhd's Gross Profit
For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.
Top Glove Bhd's Gross Profit Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Gross Profit distribution charts can be found below:
* The bar in red indicates where Top Glove Bhd's Gross Profit falls into.
Top Glove Bhd Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Top Glove Bhd's Gross Profit for the fiscal year that ended in Aug. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $441.7 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
(Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)
* 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.
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.
Top Glove Bhd (OTCPK:TPGVF) 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
Top Glove Bhd had a gross margin of N/A% for the quarter that ended in Feb. 2024 => No sustainable competitive advantage
Top Glove Bhd Gross Profit Related Terms
Thank you for viewing the detailed overview of Top Glove Bhd's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Top Glove Bhd (Top Glove Bhd) Business Description
Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.
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