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Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Gross Profit : HK$285 Mil (TTM As of Dec. 2023)


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What is Chu Kong Shipping Enterprises (Group) Co Gross Profit?

Chu Kong Shipping Enterprises (Group) Co's gross profit for the six months ended in Dec. 2023 was HK$163 Mil. Chu Kong Shipping Enterprises (Group) Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$285 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Chu Kong Shipping Enterprises (Group) Co's gross profit for the six months ended in Dec. 2023 was HK$163 Mil. Chu Kong Shipping Enterprises (Group) Co's Revenue for the six months ended in Dec. 2023 was HK$1,321 Mil. Therefore, Chu Kong Shipping Enterprises (Group) Co's Gross Margin % for the quarter that ended in Dec. 2023 was 12.34%.

Chu Kong Shipping Enterprises (Group) Co had a gross margin of 12.34% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Chu Kong Shipping Enterprises (Group) Co was 24.06%. The lowest was 8.79%. And the median was 15.40%.

Warning Sign:

Chu Kong Shipping Enterprises (Group) Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -8.9%.


Chu Kong Shipping Enterprises (Group) Co Gross Profit Historical Data

The historical data trend for Chu Kong Shipping Enterprises (Group) 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.

* Premium members only.

Chu Kong Shipping Enterprises (Group) Co Gross Profit Chart

Chu Kong Shipping Enterprises (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 303.87 186.13 261.25 254.89 285.47

Chu Kong Shipping Enterprises (Group) Co 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 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 142.83 121.95 132.94 122.51 162.96

Competitive Comparison of Chu Kong Shipping Enterprises (Group) Co's Gross Profit

For the Marine Shipping subindustry, Chu Kong Shipping Enterprises (Group) 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.


Chu Kong Shipping Enterprises (Group) Co's Gross Profit Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chu Kong Shipping Enterprises (Group) Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Chu Kong Shipping Enterprises (Group) Co's Gross Profit falls into.



Chu Kong Shipping Enterprises (Group) Co Gross Profit Calculation

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

Chu Kong Shipping Enterprises (Group) Co'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
=2553.835 - 2268.367
=285

Chu Kong Shipping Enterprises (Group) 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
=1320.705 - 1157.744
=163

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 HK$285 Mil.

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

Chu Kong Shipping Enterprises (Group) 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
=163 / 1320.705
=12.34 %

* 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.


Chu Kong Shipping Enterprises (Group) Co  (HKSE:00560) 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

Chu Kong Shipping Enterprises (Group) Co had a gross margin of 12.34% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Chu Kong Shipping Enterprises (Group) Co Gross Profit Related Terms

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Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Business Description

Traded in Other Exchanges
N/A
Address
143 Connaught Road, 24th Floor, Chu Kong Shipping Tower, Central, Hong Kong, HKG
Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Headlines

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