Mitsubishi Motors (Mitsubishi Motors) Gross Profit : $3,903 Mil (TTM As of Dec. 2023)

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What is Mitsubishi Motors Gross Profit?

Mitsubishi Motors's gross profit for the three months ended in Dec. 2023 was $1,067 Mil. Mitsubishi Motors's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $3,903 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Mitsubishi Motors's gross profit for the three months ended in Dec. 2023 was $1,067 Mil. Mitsubishi Motors's Revenue for the three months ended in Dec. 2023 was $5,091 Mil. Therefore, Mitsubishi Motors's Gross Margin % for the quarter that ended in Dec. 2023 was 20.96%.

Mitsubishi Motors had a gross margin of 20.96% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Mitsubishi Motors was 21.72%. The lowest was 10.75%. And the median was 19.29%.

Mitsubishi Motors Gross Profit Historical Data

The historical data trend for Mitsubishi Motors'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.

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Mitsubishi Motors Gross Profit Chart

Mitsubishi Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Profit

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3,134.79

1,439.33

3,056.65

3,911.28

3,796.90

Mitsubishi Motors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															943.81	904.09	1,032.26	1,066.94	899.84

Competitive Comparison of Mitsubishi Motors's Gross Profit

For the Auto Manufacturers subindustry, Mitsubishi Motors'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.

Mitsubishi Motors's Gross Profit Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Gross Profit distribution charts can be found below:

* The bar in red indicates where Mitsubishi Motors's Gross Profit falls into.

Mitsubishi Motors Gross Profit Calculation

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

Mitsubishi Motors's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	18619.778	-	14822.88
	=	3,797

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	5091.196	-	4024.26
	=	1,067

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 $3,903 Mil.

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

Mitsubishi Motors'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
	=	1,067	/	5091.196
	=	20.96 %

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.

Mitsubishi Motors (OTCPK:MMTOF) 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

Mitsubishi Motors had a gross margin of 20.96% for the quarter that ended in Dec. 2023 => Competition eroding margins

Mitsubishi Motors Gross Profit Related Terms

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Mitsubishi Motors (Mitsubishi Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsubishi Motors Corp (OTCPK:MMTOF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

7211:Japan MMO:Germany

Address

5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410

Website

http://www.mitsubishi-motors.co.jp

Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.