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Huize Holding (Huize Holding) Gross Profit : $62.8 Mil (TTM As of Dec. 2023)


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What is Huize Holding Gross Profit?

Huize Holding's gross profit for the three months ended in Dec. 2023 was $14.0 Mil. Huize Holding's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $62.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Huize Holding's gross profit for the three months ended in Dec. 2023 was $14.0 Mil. Huize Holding's Revenue for the three months ended in Dec. 2023 was $33.1 Mil. Therefore, Huize Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 42.26%.

Huize Holding had a gross margin of 42.26% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 7 years, the highest Gross Margin % of Huize Holding was 37.44%. The lowest was 24.69%. And the median was 36.58%.


Huize Holding Gross Profit Historical Data

The historical data trend for Huize Holding'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.

Huize Holding Gross Profit Chart

Huize Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 51.61 61.76 87.02 60.76 62.54

Huize Holding Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.80 17.28 17.40 14.13 13.97

Competitive Comparison of Huize Holding's Gross Profit

For the Insurance Brokers subindustry, Huize Holding'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.


Huize Holding's Gross Profit Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Huize Holding's Gross Profit distribution charts can be found below:

* The bar in red indicates where Huize Holding's Gross Profit falls into.



Huize Holding Gross Profit Calculation

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

Huize Holding'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
=167.44 - 104.9
=62.5

Huize Holding's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=33.053 - 19.086
=14.0

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 $62.8 Mil.

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

Huize Holding'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
=14.0 / 33.053
=42.26 %

* 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.


Huize Holding  (NAS:HUIZ) 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

Huize Holding had a gross margin of 42.26% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Huize Holding Gross Profit Related Terms

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Huize Holding (Huize Holding) Business Description

Traded in Other Exchanges
N/A
Address
Qianhai Financial Centre, Linhai Avenue, 49 Floor, Building T1, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN, 518000
Huize Holding Ltd is an independent online insurance product and service platform in China. The company distributes on its platform insurance products underwritten by the insurance companies who cooperate with the company, who the company refers to as its insurer partners, and helps them reach a large number of insurance clients. The company's platform offers digitalized insurance purchase experience and services through various internet and mobile internet channels. The company primarily generates revenues from the insurance brokerage fees paid by its insurer partners.