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China Tianrui Group Cement Co's gross profit for the six months ended in Dec. 2023 was HK$754 Mil. China Tianrui Group Cement Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,782 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. China Tianrui Group Cement Co's gross profit for the six months ended in Dec. 2023 was HK$754 Mil. China Tianrui Group Cement Co's Revenue for the six months ended in Dec. 2023 was HK$4,255 Mil. Therefore, China Tianrui Group Cement Co's Gross Margin % for the quarter that ended in Dec. 2023 was 17.72%.
China Tianrui Group Cement Co had a gross margin of 17.72% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of China Tianrui Group Cement Co was 37.29%. The lowest was 20.13%. And the median was 25.34%.
Warning Sign:
China Tianrui Group Cement Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -10.4%.
The historical data trend for China Tianrui Group Cement Co'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.
China Tianrui Group Cement Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 5,015.58 | 4,976.40 | 3,959.71 | 3,030.59 | 1,782.12 |
China Tianrui Group Cement Co Semi-Annual Data | ||||||||||||||||||||
Jun14 | Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Gross Profit | Get a 7-Day Free Trial | 1,812.14 | 1,698.51 | 1,412.47 | 1,028.30 | 753.82 |
For the Building Materials subindustry, China Tianrui Group Cement 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.
For the Building Materials industry and Basic Materials sector, China Tianrui Group Cement Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where China Tianrui Group Cement Co's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
China Tianrui Group Cement Co'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 |
= | 8628.614 | - | 6846.495 | |
= | 1,782 |
China Tianrui Group Cement Co's Gross Profit for the quarter that ended in Dec. 2023 is calculated as
Gross Profit (Q: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 4255.075 | - | 3501.251 | |
= | 754 |
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 HK$1,782 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
China Tianrui Group Cement Co'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 | |
= | 754 | / | 4255.075 | |
= | 17.72 % |
* 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 Tianrui Group Cement Co (HKSE:01252) 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 Tianrui Group Cement Co had a gross margin of 17.72% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
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