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Thai Union Feedmill PCL (BKK:TFM) Gross Profit : ฿593 Mil (TTM As of Mar. 2024)


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What is Thai Union Feedmill PCL Gross Profit?

Thai Union Feedmill PCL's gross profit for the three months ended in Mar. 2024 was ฿201 Mil. Thai Union Feedmill PCL's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ฿593 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Thai Union Feedmill PCL's gross profit for the three months ended in Mar. 2024 was ฿201 Mil. Thai Union Feedmill PCL's Revenue for the three months ended in Mar. 2024 was ฿1,249 Mil. Therefore, Thai Union Feedmill PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 16.10%.

Thai Union Feedmill PCL had a gross margin of 16.10% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 7 years, the highest Gross Margin % of Thai Union Feedmill PCL was 18.29%. The lowest was 8.31%. And the median was 14.75%.

Warning Sign:

Thai Union Feedmill PCL gross margin has been in long-term decline. The average rate of decline per year is -14.6%.


Thai Union Feedmill PCL Gross Profit Historical Data

The historical data trend for Thai Union Feedmill PCL'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.

* Premium members only.

Thai Union Feedmill PCL Gross Profit Chart

Thai Union Feedmill PCL Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 887.17 694.29 494.87 406.34 439.26

Thai Union Feedmill PCL Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.75 122.42 144.77 124.33 201.12

Competitive Comparison of Thai Union Feedmill PCL's Gross Profit

For the Farm Products subindustry, Thai Union Feedmill PCL'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.


Thai Union Feedmill PCL's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Feedmill PCL's Gross Profit distribution charts can be found below:

* The bar in red indicates where Thai Union Feedmill PCL's Gross Profit falls into.



Thai Union Feedmill PCL Gross Profit Calculation

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

Thai Union Feedmill PCL'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
=5081.317 - 4642.06
=439

Thai Union Feedmill PCL's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=1249.115 - 1047.999
=201

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿593 Mil.

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

Thai Union Feedmill PCL's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=201 / 1249.115
=16.10 %

* 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.


Thai Union Feedmill PCL  (BKK:TFM) 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

Thai Union Feedmill PCL had a gross margin of 16.10% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


Thai Union Feedmill PCL Gross Profit Related Terms

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Thai Union Feedmill PCL (BKK:TFM) Business Description

Traded in Other Exchanges
N/A
Address
89/1 Moo 2, Rama 2 Road, Kalong Subdistrict, Mueang District, Samut Sakhon Province, Samut Sakhon, THA, 74000
Thai Union Feedmill PCL is a manufacturer and distributor of aquatic feed in Thailand. Business is organised into four reportable segments; Shrimp feed products; Fish feed products; Livestock feed products and Others. The firm generates the majority of its revenue from Shrimp feed products. Geographically it exports to Pakistan and others and drives key revenue from Thailand.

Thai Union Feedmill PCL (BKK:TFM) Headlines

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