EC Healthcare's gross profit for the
six
months ended in Sep. 2023 was HK$1,789 Mil. EC Healthcare's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was HK$3,476 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. EC Healthcare's gross profit for the
six
months ended in Sep. 2023 was HK$1,789 Mil. EC Healthcare's Revenue for the
six
months ended in Sep. 2023 was HK$2,121 Mil. Therefore, EC Healthcare's Gross Margin % for the quarter that ended in Sep. 2023 was 84.32%.
EC Healthcare had a gross margin of 84.32% for the quarter that ended in Sep. 2023 => Durable competitive advantage
During the past 9 years, the highestGross Margin % of EC Healthcare was 92.34%. The lowest was 84.71%. And the median was 88.03%.
EC Healthcare Gross Profit Historical Data
The historical data trend for EC Healthcare'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 EC Healthcare's Gross Profit
For the Medical Care Facilities subindustry, EC Healthcare'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.
EC Healthcare's Gross Profit Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, EC Healthcare's Gross Profit distribution charts can be found below:
* The bar in red indicates where EC Healthcare's Gross Profit falls into.
EC Healthcare Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
EC Healthcare'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$3,476 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
EC Healthcare had a gross margin of 84.32% for the quarter that ended in Sep. 2023 => Durable competitive advantage
EC Healthcare Gross Profit Related Terms
Thank you for viewing the detailed overview of EC Healthcare's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
EC Healthcare is a Hong Kong-based non-hospital medical service provider. The principal activities of the group include the provision of medical services; aesthetic medical services, comprising medical aesthetics and dental services; beauty and wellness services, comprising traditional beauty, haircare, and ancillary wellness services; and the sale of skincare, healthcare and beauty products. The group caters to its services through the operating segments of Medical which is the key revenue generator segment and Aesthetic medical, beauty and wellness, and Veterinary and others. Geographically, the group has a business presence in Hong Kong, Macau, and the PRC.
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