HKBN's gross profit for the
six
months ended in Feb. 2024 was HK$2,037 Mil. HKBN's gross profit for the trailing twelve months (TTM) ended in Feb. 2024 was HK$4,070 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. HKBN's gross profit for the
six
months ended in Feb. 2024 was HK$2,037 Mil. HKBN's Revenue for the
six
months ended in Feb. 2024 was HK$5,809 Mil. Therefore, HKBN's Gross Margin % for the quarter that ended in Feb. 2024 was 35.06%.
HKBN had a gross margin of 35.06% for the quarter that ended in Feb. 2024 => Competition eroding margins
During the past 10 years, the highestGross Margin % of HKBN was 86.93%. The lowest was 35.64%. And the median was 66.26%.
Warning Sign:
HKBN Ltd gross margin has been in long-term decline. The average rate of decline per year is -13.3%.
HKBN Gross Profit Historical Data
The historical data trend for HKBN'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.
For the Telecom Services subindustry, HKBN'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.
HKBN's Gross Profit Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, HKBN's Gross Profit distribution charts can be found below:
* The bar in red indicates where HKBN's Gross Profit falls into.
HKBN Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
HKBN's Gross Profit for the fiscal year that ended in Aug. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$4,070 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
HKBN's Gross Margin % for the quarter that ended in Feb. 2024 is calculated as
* 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.
HKBN (HKSE:01310) 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
HKBN had a gross margin of 35.06% for the quarter that ended in Feb. 2024 => Competition eroding margins
HKBN Gross Profit Related Terms
Thank you for viewing the detailed overview of HKBN's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
HKBN Ltd is a telecommunications company. The company derives revenue from broadband Internet services and voice services to both residential and enterprise customers. The principal activities of the Group are (i) provision of fixed telecommunications network services, international telecommunications services, and mobile services to residential and enterprise customers in Hong Kong, (ii) system integration services, (iii) product sales, and (iv) marketing and distribution of computer hardware and software, telecommunication products, office automation products and the provision of related services. The company has two segments Telecom and technology solutions (Hong Kong) and Telecom and technology solutions (non-Hong Kong) and the majority of its revenue is generated from Hong Kong.
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