Piraeus Port Authority (ATH:PPA) Gross Profit : €131.6 Mil (TTM As of Dec. 2023)

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What is Piraeus Port Authority Gross Profit?

Piraeus Port Authority's gross profit for the six months ended in Dec. 2023 was €72.5 Mil. Piraeus Port Authority's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was €131.6 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Piraeus Port Authority's gross profit for the six months ended in Dec. 2023 was €72.5 Mil. Piraeus Port Authority's Revenue for the six months ended in Dec. 2023 was €117.4 Mil. Therefore, Piraeus Port Authority's Gross Margin % for the quarter that ended in Dec. 2023 was 61.72%.

Piraeus Port Authority had a gross margin of 61.72% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Piraeus Port Authority was 59.88%. The lowest was 22.01%. And the median was 44.97%.

Piraeus Port Authority Gross Profit Historical Data

The historical data trend for Piraeus Port Authority'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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Piraeus Port Authority Gross Profit Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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73.96

60.20

76.81

111.03

131.63

Piraeus Port Authority Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial															43.40	51.68	59.35	59.16	72.46

Competitive Comparison of Piraeus Port Authority's Gross Profit

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's Gross Profit Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's Gross Profit distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's Gross Profit falls into.

Piraeus Port Authority Gross Profit Calculation

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

Piraeus Port Authority'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
	=	219.822	-	88.197
	=	131.6

Piraeus Port Authority's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	117.403	-	44.943
	=	72.5

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 €131.6 Mil.

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

Piraeus Port Authority'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
	=	72.5	/	117.403
	=	61.72 %

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.

Piraeus Port Authority (ATH:PPA) 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

Piraeus Port Authority had a gross margin of 61.72% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Piraeus Port Authority Gross Profit Related Terms

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Piraeus Port Authority (ATH:PPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (ATH:PPA) » Definitions » Gross Profit

Traded in Other Exchanges

PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.