China Best Group Holding's gross profit for the
six
months ended in Sep. 2023 was HK$25.0 Mil. China Best Group Holding's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was HK$79.3 Mil.
* 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 China Best Group Holding's Gross Profit
For the Specialty Retail subindustry, China Best Group Holding'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.
China Best Group Holding's Gross Profit Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Gross Profit distribution charts can be found below:
* The bar in red indicates where China Best Group Holding's Gross Profit falls into.
China Best Group Holding Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
China Best Group Holding's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$79.3 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.
China Best Group Holding (HKSE:00370) 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
China Best Group Holding had a gross margin of 23.44% for the quarter that ended in Sep. 2023 => Competition eroding margins
China Best Group Holding Gross Profit Related Terms
Thank you for viewing the detailed overview of China Best Group Holding's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
China Best Group Holding (HKSE:00370) Business Description
China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.
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