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Giant Network Group Co (SZSE:002558) Gross Profit : ¥2,766 Mil (TTM As of Mar. 2024)


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What is Giant Network Group Co Gross Profit?

Giant Network Group Co's gross profit for the three months ended in Mar. 2024 was ¥605 Mil. Giant Network Group Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,766 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Giant Network Group Co's gross profit for the three months ended in Mar. 2024 was ¥605 Mil. Giant Network Group Co's Revenue for the three months ended in Mar. 2024 was ¥696 Mil. Therefore, Giant Network Group Co's Gross Margin % for the quarter that ended in Mar. 2024 was 86.85%.

Giant Network Group Co had a gross margin of 86.85% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Giant Network Group Co was 88.92%. The lowest was 16.72%. And the median was 82.69%.


Giant Network Group Co Gross Profit Historical Data

The historical data trend for Giant Network Group 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.

Giant Network Group Co Gross Profit Chart

Giant Network Group 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 2,137.75 1,844.20 1,802.54 1,712.42 2,600.23

Giant Network Group 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 439.28 852.55 738.06 570.33 604.80

Competitive Comparison of Giant Network Group Co's Gross Profit

For the Electronic Gaming & Multimedia subindustry, Giant Network Group 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.


Giant Network Group Co's Gross Profit Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Giant Network Group Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Giant Network Group Co's Gross Profit falls into.



Giant Network Group Co Gross Profit Calculation

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

Giant Network Group 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
=2924.174 - 323.944
=2,600

Giant Network Group 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
=696.402 - 91.606
=605

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 ¥2,766 Mil.

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

Giant Network Group 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
=605 / 696.402
=86.85 %

* 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.


Giant Network Group Co  (SZSE:002558) 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

Giant Network Group Co had a gross margin of 86.85% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Giant Network Group Co Gross Profit Related Terms

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Giant Network Group Co (SZSE:002558) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Jiangnan Avenue, 5th Floor, Building 1, Wanda Plaza, Nan'an District, Chongqing, CHN, 201613
Giant Network Group Co Ltd is engaged in online gaming business. Its products include client game, mobile game and mobile internet products.
Executives
Wu Ming Hong Supervisors
Zhang Chong Bin Director
Ye Hua Executives
Peng Jian Hu Directors, executives

Giant Network Group Co (SZSE:002558) Headlines

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