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Poly Property Services Co (HKSE:06049) Gross Profit : HK$3,230 Mil (TTM As of Dec. 2023)


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What is Poly Property Services Co Gross Profit?

Poly Property Services Co's gross profit for the six months ended in Dec. 2023 was HK$1,577 Mil. Poly Property Services Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,230 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Poly Property Services Co's gross profit for the six months ended in Dec. 2023 was HK$1,577 Mil. Poly Property Services Co's Revenue for the six months ended in Dec. 2023 was HK$8,663 Mil. Therefore, Poly Property Services Co's Gross Margin % for the quarter that ended in Dec. 2023 was 18.20%.

Poly Property Services Co had a gross margin of 18.20% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 8 years, the highest Gross Margin % of Poly Property Services Co was 20.29%. The lowest was 16.71%. And the median was 18.75%.


Poly Property Services Co Gross Profit Historical Data

The historical data trend for Poly Property Services 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.

* Premium members only.

Poly Property Services Co Gross Profit Chart

Poly Property Services Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 1,347.23 1,777.04 2,466.86 2,874.25 3,230.03

Poly Property Services Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,203.86 1,529.58 1,417.07 1,653.27 1,576.76

Competitive Comparison of Poly Property Services Co's Gross Profit

For the Real Estate Services subindustry, Poly Property Services 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.


Poly Property Services Co's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Poly Property Services Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Poly Property Services Co's Gross Profit falls into.



Poly Property Services Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Poly Property Services 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
=16474.342 - 13244.313
=3,230

Poly Property Services 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
=8663.442 - 7086.679
=1,577

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$3,230 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Poly Property Services 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
=1,577 / 8663.442
=18.20 %

* 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.


Poly Property Services Co  (HKSE:06049) 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

Poly Property Services Co had a gross margin of 18.20% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Poly Property Services Co Gross Profit Related Terms

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Poly Property Services Co (HKSE:06049) Business Description

Traded in Other Exchanges
N/A
Address
No. 832 Yue Jiang Zhong Road, 48-49th Floor, Poly Plaza, Hai Zhu District, Guangdong Province, Guangzhou, CHN
Originally listed on the NEEQ and re-listed on the Hong Kong Exchange on April 2019, Poly Property Services, or PPS, is a major property management services, or PMS, company headquartered in Guangzhou, China, established since 1996 with a nationwide coverage. PPS is differentiated by its SOE background with 72% ownership by property developer Poly Developments and Holdings, or PDH, which is in turn part of ultimate controlling shareholder China Poly Group, a state-owned conglomerate. Aside from a highly scalable GFA under management, or GUM, driven by PDH's property development scale, the SOE status also enables PPS to be a leading provider of PMS for the management of public properties.

Poly Property Services Co (HKSE:06049) Headlines

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