Zhejiang Expressway Co's gross profit for the
three
months ended in Dec. 2023 was HK$1,717 Mil. Zhejiang Expressway Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$5,911 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 Zhejiang Expressway Co's Gross Profit
For the Infrastructure Operations subindustry, Zhejiang Expressway Co'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.
Zhejiang Expressway Co's Gross Profit Distribution in the Construction Industry
For the Construction industry and Industrials sector, Zhejiang Expressway Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Zhejiang Expressway Co's Gross Profit falls into.
Zhejiang Expressway Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Zhejiang Expressway Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 HK$5,911 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.
Zhejiang Expressway Co (HKSE:00576) 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
Zhejiang Expressway Co had a gross margin of 34.02% for the quarter that ended in Dec. 2023 => Competition eroding margins
Zhejiang Expressway Co Gross Profit Related Terms
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Zhejiang Expressway Co (HKSE:00576) Business Description
Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.
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