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Anhui Gujing Distillery Co (SZSE:000596) Gross Profit : ¥17,426 Mil (TTM As of Mar. 2024)


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What is Anhui Gujing Distillery Co Gross Profit?

Anhui Gujing Distillery Co's gross profit for the three months ended in Mar. 2024 was ¥6,658 Mil. Anhui Gujing Distillery Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥17,426 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Anhui Gujing Distillery Co's gross profit for the three months ended in Mar. 2024 was ¥6,658 Mil. Anhui Gujing Distillery Co's Revenue for the three months ended in Mar. 2024 was ¥8,286 Mil. Therefore, Anhui Gujing Distillery Co's Gross Margin % for the quarter that ended in Mar. 2024 was 80.35%.

Anhui Gujing Distillery Co had a gross margin of 80.35% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Anhui Gujing Distillery Co was 79.37%. The lowest was 68.63%. And the median was 75.83%.


Anhui Gujing Distillery Co Gross Profit Historical Data

The historical data trend for Anhui Gujing Distillery 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.

Anhui Gujing Distillery Co Gross Profit Chart

Anhui Gujing Distillery Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,990.92 7,742.25 9,965.75 12,896.91 16,013.68

Anhui Gujing Distillery Co 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 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 5,245.71 3,675.69 3,687.41 3,404.86 6,658.02

Competitive Comparison of Anhui Gujing Distillery Co's Gross Profit

For the Beverages - Wineries & Distilleries subindustry, Anhui Gujing Distillery 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.


Anhui Gujing Distillery Co's Gross Profit Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anhui Gujing Distillery Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Anhui Gujing Distillery Co's Gross Profit falls into.



Anhui Gujing Distillery Co Gross Profit Calculation

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

Anhui Gujing Distillery 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
=20253.527 - 4239.851
=16,014

Anhui Gujing Distillery Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=8286.317 - 1628.295
=6,658

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥17,426 Mil.

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

Anhui Gujing Distillery Co's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=6,658 / 8286.317
=80.35 %

* 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.


Anhui Gujing Distillery Co  (SZSE:000596) 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

Anhui Gujing Distillery Co had a gross margin of 80.35% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Anhui Gujing Distillery Co Gross Profit Related Terms

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Anhui Gujing Distillery Co (SZSE:000596) Business Description

Traded in Other Exchanges
Address
Gujing Town, Anhui Province, Bozhou, CHN, 236820
Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.

Anhui Gujing Distillery Co (SZSE:000596) Headlines

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