Wang On Group (HKSE:01222) Gross Profit : HK$962 Mil (TTM As of Sep. 2023)

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What is Wang On Group Gross Profit?

Wang On Group's gross profit for the six months ended in Sep. 2023 was HK$435 Mil. Wang On Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was HK$962 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Wang On Group's gross profit for the six months ended in Sep. 2023 was HK$435 Mil. Wang On Group's Revenue for the six months ended in Sep. 2023 was HK$1,136 Mil. Therefore, Wang On Group's Gross Margin % for the quarter that ended in Sep. 2023 was 38.26%.

Wang On Group had a gross margin of 38.26% for the quarter that ended in Sep. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Wang On Group was 55.89%. The lowest was 29.41%. And the median was 41.65%.

Warning Sign:

Wang On Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.8%.

Wang On Group Gross Profit Historical Data

The historical data trend for Wang On Group'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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Wang On Group Gross Profit Chart

Wang On Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Profit

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1,718.11

1,610.99

768.55

805.73

1,059.62

Wang On Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Profit	Get a 7-Day Free Trial															453.33	352.40	532.16	527.46	434.69

Competitive Comparison of Wang On Group's Gross Profit

For the Conglomerates subindustry, Wang On Group'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.

Wang On Group's Gross Profit Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wang On Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Wang On Group's Gross Profit falls into.

Wang On Group Gross Profit Calculation

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

Wang On Group's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as

Gross Profit (A: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	3603.458	-	2543.843
	=	1,060

Wang On Group's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1136.119	-	701.427
	=	435

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$962 Mil.

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

Wang On Group's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	435	/	1136.119
	=	38.26 %

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.

Wang On Group (HKSE:01222) 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

Wang On Group had a gross margin of 38.26% for the quarter that ended in Sep. 2023 => Competition eroding margins

Wang On Group Gross Profit Related Terms

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Wang On Group (HKSE:01222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wang On Group Ltd (HKSE:01222) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.wangon.com

Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.

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