KE Holdings's gross profit for the
three
months ended in Dec. 2023 was HK$5,626 Mil. KE Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$23,939 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. KE Holdings's gross profit for the
three
months ended in Dec. 2023 was HK$5,626 Mil. KE Holdings's Revenue for the
three
months ended in Dec. 2023 was HK$22,099 Mil. Therefore, KE Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 25.46%.
KE Holdings had a gross margin of 25.46% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 7 years, the highestGross Margin % of KE Holdings was 27.96%. The lowest was 18.69%. And the median was 23.92%.
KE Holdings Gross Profit Historical Data
The historical data trend for KE Holdings'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 KE Holdings's Gross Profit
For the Real Estate Services subindustry, KE Holdings'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.
KE Holdings's Gross Profit Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, KE Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where KE Holdings's Gross Profit falls into.
KE Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
KE Holdings'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$23,939 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.
KE Holdings (HKSE:02423) 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
KE Holdings had a gross margin of 25.46% for the quarter that ended in Dec. 2023 => Competition eroding margins
KE Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of KE Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2022, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.
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