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MMG (HKSE:01208) Gross Profit : HK$8,755 Mil (TTM As of Dec. 2023)


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What is MMG Gross Profit?

MMG's gross profit for the six months ended in Dec. 2023 was HK$5,396 Mil. MMG's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8,755 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. MMG's gross profit for the six months ended in Dec. 2023 was HK$5,396 Mil. MMG's Revenue for the six months ended in Dec. 2023 was HK$19,136 Mil. Therefore, MMG's Gross Margin % for the quarter that ended in Dec. 2023 was 28.20%.

MMG had a gross margin of 28.20% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of MMG was 52.17%. The lowest was 23.88%. And the median was 33.18%.

Warning Sign:

MMG Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.3%.


MMG Gross Profit Historical Data

The historical data trend for MMG'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.

MMG Gross Profit Chart

MMG 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 7,187.16 7,082.14 17,313.00 9,622.75 8,745.41

MMG 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 7,318.58 3,794.56 5,858.51 3,359.57 5,395.79

Competitive Comparison of MMG's Gross Profit

For the Copper subindustry, MMG'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.


MMG's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MMG's Gross Profit distribution charts can be found below:

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



MMG Gross Profit Calculation

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

MMG'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
=33945.296 - 25199.882
=8,745

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

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=19136.353 - 13740.562
=5,396

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$8,755 Mil.

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

MMG'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
=5,396 / 19136.353
=28.20 %

* 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.


MMG  (HKSE:01208) 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

MMG had a gross margin of 28.20% for the quarter that ended in Dec. 2023 => Competition eroding margins


MMG Gross Profit Related Terms

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MMG (HKSE:01208) Business Description

Traded in Other Exchanges
Address
79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG
MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.
Executives
Ai Bang Qi Ye You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Xiang Gang Kong Gu You Xian Gong Si 2101 Beneficial owner
Wu Kuang You Se Jin Shu Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Wu Kuang You Se Jin Shu Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you

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