Phoenix Mills's gross profit for the
three
months ended in Mar. 2024 was ₹9,984 Mil. Phoenix Mills's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ₹34,565 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Phoenix Mills's gross profit for the
three
months ended in Mar. 2024 was ₹9,984 Mil. Phoenix Mills's Revenue for the
three
months ended in Mar. 2024 was ₹13,059 Mil. Therefore, Phoenix Mills's Gross Margin % for the quarter that ended in Mar. 2024 was 76.45%.
Phoenix Mills had a gross margin of 76.45% for the quarter that ended in Mar. 2024 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Phoenix Mills was 94.36%. The lowest was 78.78%. And the median was 86.92%.
Phoenix Mills Gross Profit Historical Data
The historical data trend for Phoenix Mills'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 Phoenix Mills's Gross Profit
For the Real Estate - Diversified subindustry, Phoenix Mills'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.
Phoenix Mills's Gross Profit Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Phoenix Mills's Gross Profit distribution charts can be found below:
* The bar in red indicates where Phoenix Mills's Gross Profit falls into.
Phoenix Mills Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Phoenix Mills's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as
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 ₹34,565 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
Phoenix Mills had a gross margin of 76.45% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Phoenix Mills Gross Profit Related Terms
Thank you for viewing the detailed overview of Phoenix Mills's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Phoenix Mills Ltd is a real estate development company operating in India. The group's development strategy includes converting land underlying abandoned mills into modern, multi-use, integrated property. The group is involved in all aspects of development, including planning, construction, and marketing, as well as management, maintenance, and sales of the complete development. These properties include retail, hospitality, commercial, and residential complexes. The majority of the company's revenue is derived from license fees and rental income. Its segments comprise Property and related services segment that provide mall /office areas on a license basis and development of commercial/residential properties. The Hospitality segment engages in the operation of hotels and restaurants.
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