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Volcano Spring International Holdings (HKSE:01715) Gross Profit : HK$23.21 Mil (TTM As of Jun. 2023)


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What is Volcano Spring International Holdings Gross Profit?

Volcano Spring International Holdings's gross profit for the six months ended in Jun. 2023 was HK$18.29 Mil. Volcano Spring International Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was HK$23.21 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Volcano Spring International Holdings's gross profit for the six months ended in Jun. 2023 was HK$18.29 Mil. Volcano Spring International Holdings's Revenue for the six months ended in Jun. 2023 was HK$56.56 Mil. Therefore, Volcano Spring International Holdings's Gross Margin % for the quarter that ended in Jun. 2023 was 32.34%.

Volcano Spring International Holdings had a gross margin of 32.34% for the quarter that ended in Jun. 2023 => Competition eroding margins

During the past 9 years, the highest Gross Margin % of Volcano Spring International Holdings was 54.26%. The lowest was 25.15%. And the median was 48.41%.

Warning Sign:

Volcano Spring International Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -12.1%.


Volcano Spring International Holdings Gross Profit Historical Data

The historical data trend for Volcano Spring International Holdings'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.

Volcano Spring International Holdings Gross Profit Chart

Volcano Spring International Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only 148.72 112.60 79.92 42.98 23.21

Volcano Spring International Holdings Semi-Annual Data
Dec15 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 38.84 22.48 21.56 18.29 4.91

Competitive Comparison of Volcano Spring International Holdings's Gross Profit

For the Furnishings, Fixtures & Appliances subindustry, Volcano Spring International Holdings'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.


Volcano Spring International Holdings's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Volcano Spring International Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Volcano Spring International Holdings's Gross Profit falls into.



Volcano Spring International Holdings Gross Profit Calculation

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

Volcano Spring International Holdings'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
=92.281 - 69.074
=23.21

Volcano Spring International Holdings's Gross Profit for the quarter that ended in Jun. 2023 is calculated as

Gross Profit (Q: Jun. 2023 )=Revenue - Cost of Goods Sold
=56.559 - 38.266
=18.29

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$23.21 Mil.

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

Volcano Spring International Holdings's Gross Margin % for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )=Gross Profit (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=18.29 / 56.559
=32.34 %

* 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.


Volcano Spring International Holdings  (HKSE:01715) 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

Volcano Spring International Holdings had a gross margin of 32.34% for the quarter that ended in Jun. 2023 => Competition eroding margins


Volcano Spring International Holdings Gross Profit Related Terms

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Volcano Spring International Holdings (HKSE:01715) Business Description

Traded in Other Exchanges
N/A
Address
3585 Sanlu Road, West Building No. 2, Pujiang Industrial Zone, Caohejing Hi-tech Park, Shanghai, CHN, 201114
Volcano Spring International Holdings Ltd Formerly Miji International Holdings Ltd is engaged in developing, manufacturing, and selling premium kitchen appliances. Its products are Hobs and Stoves including radiant stoves and induction stoves, pots, and pans. It sells its products under the brand name Miji Design, Miji Home, and Miju Pro. It generates a majority of its revenue from the sale of Hobs and stoves (Radiant). Geographically, it generates its revenue from the People's Republic of China.
Executives
Seashore Global Enterprises Limited 2101 Beneficial owner
Wu Huizhang 2201 Interest of corporation controlled by you
Ample Cheer Limited
Kingston Finance Limited
Chu Yuet Wah
Ke Fusheng 2101 Beneficial owner
Maeck Can Yue 2201 Interest of corporation controlled by you
Wide Big Investment Limited 2101 Beneficial owner

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