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A.K. Spintex (BOM:539300) Gross Profit : ₹370 Mil (TTM As of Jun. 2024)


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What is A.K. Spintex Gross Profit?

A.K. Spintex's gross profit for the three months ended in Jun. 2024 was ₹79 Mil. A.K. Spintex's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was ₹370 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. A.K. Spintex's gross profit for the three months ended in Jun. 2024 was ₹79 Mil. A.K. Spintex's Revenue for the three months ended in Jun. 2024 was ₹243 Mil. Therefore, A.K. Spintex's Gross Margin % for the quarter that ended in Jun. 2024 was 32.47%.

A.K. Spintex had a gross margin of 32.47% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 10 years, the highest Gross Margin % of A.K. Spintex was 39.27%. The lowest was 27.46%. And the median was 35.95%.

Warning Sign:

A.K. Spintex Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.4%.


A.K. Spintex Gross Profit Historical Data

The historical data trend for A.K. Spintex'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.

A.K. Spintex Gross Profit Chart

A.K. Spintex Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 231.46 152.67 211.84 319.68 384.71

A.K. Spintex Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 93.34 90.14 101.03 100.21 78.77

Competitive Comparison of A.K. Spintex's Gross Profit

For the Textile Manufacturing subindustry, A.K. Spintex'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.


A.K. Spintex's Gross Profit Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, A.K. Spintex's Gross Profit distribution charts can be found below:

* The bar in red indicates where A.K. Spintex's Gross Profit falls into.



A.K. Spintex Gross Profit Calculation

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

A.K. Spintex'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
=1172.355 - 787.642
=385

A.K. Spintex's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=242.595 - 163.825
=79

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹370 Mil.

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

A.K. Spintex's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=79 / 242.595
=32.47 %

* 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.


A.K. Spintex  (BOM:539300) 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

A.K. Spintex had a gross margin of 32.47% for the quarter that ended in Jun. 2024 => Competition eroding margins


A.K. Spintex Gross Profit Related Terms

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A.K. Spintex Business Description

Traded in Other Exchanges
N/A
Address
14th K.M. Stone, Chittorgarh Road Village, Biliya Kalan, Bhilwara, RJ, IND, 311001
A.K. Spintex Ltd is an India-based company which ventures in the textile sector and engages in the business of man-made fabric processing. The company is mainly engaged in Textile Processors/weaver.

A.K. Spintex Headlines

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