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SAI.TECH Global (SAI.TECH Global) Gross Profit : $0.46 Mil (TTM As of Dec. 2023)


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What is SAI.TECH Global Gross Profit?

SAI.TECH Global's gross profit for the six months ended in Dec. 2023 was $0.28 Mil. SAI.TECH Global's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $0.46 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. SAI.TECH Global's gross profit for the six months ended in Dec. 2023 was $0.28 Mil. SAI.TECH Global's Revenue for the six months ended in Dec. 2023 was $3.75 Mil. Therefore, SAI.TECH Global's Gross Margin % for the quarter that ended in Dec. 2023 was 7.41%.

SAI.TECH Global had a gross margin of 7.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 5 years, the highest Gross Margin % of SAI.TECH Global was 46.09%. The lowest was 6.74%. And the median was 9.07%.


SAI.TECH Global Gross Profit Historical Data

The historical data trend for SAI.TECH Global'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.

SAI.TECH Global Gross Profit Chart

SAI.TECH Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
- 0.90 1.26 1.14 0.46

SAI.TECH Global Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Profit Get a 7-Day Free Trial 0.12 0.60 0.54 0.18 0.28

Competitive Comparison of SAI.TECH Global's Gross Profit

For the Capital Markets subindustry, SAI.TECH Global'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.


SAI.TECH Global's Gross Profit Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SAI.TECH Global's Gross Profit distribution charts can be found below:

* The bar in red indicates where SAI.TECH Global's Gross Profit falls into.



SAI.TECH Global Gross Profit Calculation

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

SAI.TECH Global'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
=6.776 - 6.319
=0.46

SAI.TECH Global's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=3.75 - 3.472
=0.28

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.46 Mil.

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

SAI.TECH Global'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
=0.28 / 3.75
=7.41 %

* 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.


SAI.TECH Global  (NAS:SAI) 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

SAI.TECH Global had a gross margin of 7.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


SAI.TECH Global Gross Profit Related Terms

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SAI.TECH Global (SAI.TECH Global) Business Description

Traded in Other Exchanges
N/A
Address
195 Pearl’s Hill Terrace, Number 01-05, Singapore, SGP, 168976
SAI.TECH Global Corp is an energy saving mining operator that engages in the hosting of bitcoin mining machines for its clients. It uses a proprietary liquid cooling and heat exchange technology towards mining machines that enables utilization of waste heat to provide recycled energy heating for potential customers while achieving lower mining operating costs. The Company has two reportable segments namely equipment sales & hosting and mining pool business.
Executives
Michael Davidov director 60 EAST 42 STREET, NEW YORK NY 10165
Tao Jiang director 3 STONER AVE, GREAT NECK NY 11021
Luqi Wen officer: CFO and Secretary 3 STONER AVE, GREAT NECK NY 11021
Jianwei Li director, 10 percent owner, officer: Chairman and Co-CEO 3 STONER AVE, GREAT NECK NY 11021
David Xianglin Li director 3 STONER AVE, GREAT NECK NY 11021
Tradeup Global Sponsor Llc director, 10 percent owner 3 STONER AVE, GREAT NECK NY 11021
Lei Huang officer: Co-Chief Executive Officer 3 STONER AVE, GREAT NECK NY 10021