Coles Group (ASX:COL) Gross Profit : A$10,732 Mil (TTM As of Dec. 2023)

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What is Coles Group Gross Profit?

Coles Group's gross profit for the six months ended in Dec. 2023 was A$5,729 Mil. Coles Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$10,732 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Coles Group's gross profit for the six months ended in Dec. 2023 was A$5,729 Mil. Coles Group's Revenue for the six months ended in Dec. 2023 was A$22,274 Mil. Therefore, Coles Group's Gross Margin % for the quarter that ended in Dec. 2023 was 25.72%.

Coles Group had a gross margin of 25.72% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 6 years, the highest Gross Margin % of Coles Group was 26.09%. The lowest was 23.95%. And the median was 25.80%.

Coles Group Gross Profit Historical Data

The historical data trend for Coles 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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Coles Group Gross Profit Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Profit

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9,210.80

9,741.00

10,159.00

10,449.00

Coles Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial						5,246.00	4,913.00	5,446.00	5,003.00	5,729.00

Competitive Comparison of Coles Group's Gross Profit

For the Grocery Stores subindustry, Coles 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.

Coles Group's Gross Profit Distribution in the Retail - Defensive Industry

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

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

Coles Group Gross Profit Calculation

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

Coles Group's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	40483	-	30034
	=	10,449

Coles Group's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	22274	-	16545
	=	5,729

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$10,732 Mil.

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

Coles Group'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
	=	5,729	/	22274
	=	25.72 %

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.

Coles Group (ASX:COL) 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

Coles Group had a gross margin of 25.72% for the quarter that ended in Dec. 2023 => Competition eroding margins

Coles Group Gross Profit Related Terms

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Coles Group (ASX:COL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (ASX:COL) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

CLEGF:USA 2OF:Germany

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

Coles Group Limited is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of about 2,500 store outlets and roughly 80% of Australian live within a 10-minute drive from their nearest Coles store. The retailer employs some 110,000 people, who process over 20 million individual customer transactions a week. This compares with Woolworths processing almost 30 million customer transactions per week from Australia's population of 25 million.