Sumitomo Chemical Co's gross profit for the
three
months ended in Mar. 2024 was 円86,571 Mil. Sumitomo Chemical Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was 円499,695 Mil.
Sumitomo Chemical Co had a gross margin of 13.53% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Sumitomo Chemical Co was 34.23%. The lowest was 20.42%. And the median was 31.88%.
Warning Sign:
Sumitomo Chemical Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -7.3%.
Sumitomo Chemical Co Gross Profit Historical Data
The historical data trend for Sumitomo Chemical 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.
Competitive Comparison of Sumitomo Chemical Co's Gross Profit
For the Chemicals subindustry, Sumitomo Chemical 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.
Sumitomo Chemical Co's Gross Profit Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sumitomo Chemical Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Sumitomo Chemical Co's Gross Profit falls into.
Sumitomo Chemical Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Sumitomo Chemical Co's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as
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 円499,695 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Sumitomo Chemical Co (TSE:4005) 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
Sumitomo Chemical Co had a gross margin of 13.53% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Sumitomo Chemical Co Gross Profit Related Terms
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Sumitomo Chemical Co (TSE:4005) Business Description
Sumitomo Chemical Co Ltd manufactures and sells chemicals and chemical-based products. The firm is organized into six segments by product type. The petrochemicals and plastics segment, which generates more revenue than any other segment, sells multiple products including propylene and polypropylene used in automobile seat cushions and interior panels. The pharmaceutical segment sells medicine to treat diabetes, neurology, cancer, and infectious diseases. The IT-related chemicals segment sells compound semiconductors and polarizing films used in LCD displays for TVs and smartphones. The other three segments are health and crop sciences; energy and functional materials; and "others." The majority of revenue comes from Japan and China.
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