Acom Co (Acom Co) Gross Profit : $1,976 Mil (TTM As of Dec. 2023)

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What is Acom Co Gross Profit?

Acom Co's gross profit for the three months ended in Dec. 2023 was $507 Mil. Acom Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,976 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Acom Co's gross profit for the three months ended in Dec. 2023 was $507 Mil. Acom Co's Revenue for the three months ended in Dec. 2023 was $519 Mil. Therefore, Acom Co's Gross Margin % for the quarter that ended in Dec. 2023 was 97.73%.

Acom Co had a gross margin of 97.73% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Acom Co was 97.93%. The lowest was 89.94%. And the median was 95.80%.

Acom Co Gross Profit Historical Data

The historical data trend for Acom 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.

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Acom Co Gross Profit Chart

Acom Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Profit

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2,503.05

2,379.04

2,153.35

2,005.95

1,922.57

Acom 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															510.60	491.52	485.11	506.94	492.90

Competitive Comparison of Acom Co's Gross Profit

For the Credit Services subindustry, Acom 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.

Acom Co's Gross Profit Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Acom Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Acom Co's Gross Profit falls into.

Acom Co Gross Profit Calculation

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

Acom Co'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
	=	1967.219	-	44.654
	=	1,923

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	518.726	-	11.786
	=	507

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 $1,976 Mil.

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

Acom Co'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
	=	507	/	518.726
	=	97.73 %

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.

Acom Co (OTCPK:ACJJF) 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

Acom Co had a gross margin of 97.73% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Acom Co Gross Profit Related Terms

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Acom Co (Acom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Acom Co Ltd (OTCPK:ACJJF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

8572:Japan

Address

1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building, Tokyo, JPN, 100-8307

Website

https://www.acom.co.jp

Acom Co Ltd is a Japanese consumer finance company. Its four core business categories are loan and credit, guarantee services, loan servicing, and overseas financials. Its loan and credit business offers credit cards and unsecured loans. The guarantee segment provides credit guarantee services, including loan portfolios and marketing analyses. The firm also offers loan administrative services in its loan servicing segment. Acom's overseas businesses are mostly in the retail finance sector in Thailand and Indonesia. In addition to ATMs, Acom's distribution relies on multifaceted sales channels, including a call center, Internet services, and mobile phones. The company earns its revenue from its loan and credit card business in Japan.