ZTO Express (Cayman) (ZTO Express (Cayman)) Gross Profit : $1,637 Mil (TTM As of Dec. 2023)

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What is ZTO Express (Cayman) Gross Profit?

ZTO Express (Cayman)'s gross profit for the three months ended in Dec. 2023 was $438 Mil. ZTO Express (Cayman)'s gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,637 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. ZTO Express (Cayman)'s gross profit for the three months ended in Dec. 2023 was $438 Mil. ZTO Express (Cayman)'s Revenue for the three months ended in Dec. 2023 was $1,487 Mil. Therefore, ZTO Express (Cayman)'s Gross Margin % for the quarter that ended in Dec. 2023 was 29.46%.

ZTO Express (Cayman) had a gross margin of 29.46% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 10 years, the highest Gross Margin % of ZTO Express (Cayman) was 35.17%. The lowest was 21.67%. And the median was 30.16%.

Warning Sign:

ZTO Express (Cayman) Inc gross margin has been in long-term decline. The average rate of decline per year is -1.6%.

ZTO Express (Cayman) Gross Profit Historical Data

The historical data trend for ZTO Express (Cayman)'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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ZTO Express (Cayman) Gross Profit Chart

ZTO Express (Cayman) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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944.03

892.62

1,034.55

1,296.57

1,633.36

ZTO Express (Cayman) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															397.69	366.19	461.42	370.85	438.12

Competitive Comparison of ZTO Express (Cayman)'s Gross Profit

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.

ZTO Express (Cayman)'s Gross Profit Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Gross Profit distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Gross Profit falls into.

ZTO Express (Cayman) Gross Profit Calculation

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

ZTO Express (Cayman)'s Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	5380.65	-	3747.289
	=	1,633

ZTO Express (Cayman)'s Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1487.274	-	1049.156
	=	438

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,637 Mil.

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

ZTO Express (Cayman)'s Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	438	/	1487.274
	=	29.46 %

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.

ZTO Express (Cayman) (NYSE:ZTO) 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

ZTO Express (Cayman) had a gross margin of 29.46% for the quarter that ended in Dec. 2023 => Competition eroding margins

ZTO Express (Cayman) Gross Profit Related Terms

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ZTO Express (Cayman) (ZTO Express (Cayman)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (NYSE:ZTO) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

ZTO:Mexico 02057:Hong Kong 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

http://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company, Alibaba Group, with around an 11.7% interest.