Sunac China Holdings's gross profit for the
six
months ended in Dec. 2023 was HK$630 Mil. Sunac China Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-2,737 Mil.
Sunac China Holdings had a gross margin of 0.60% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Sunac China Holdings was 24.96%. The lowest was -1.62%. And the median was 15.52%.
Sunac China Holdings Gross Profit Historical Data
The historical data trend for Sunac China 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.
Competitive Comparison of Sunac China Holdings's Gross Profit
For the Real Estate - Development subindustry, Sunac China 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.
Sunac China Holdings's Gross Profit Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Sunac China Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where Sunac China Holdings's Gross Profit falls into.
Sunac China Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Sunac China Holdings's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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$-2,737 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Sunac China Holdings (HKSE:01918) 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
Sunac China Holdings had a gross margin of 0.60% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Sunac China Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of Sunac China Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Sunac China Holdings (HKSE:01918) Business Description
Property developer Sunac China commenced operations in 2003 and listed on the Hong Kong exchange in 2010. Based in Tianjin, Sunac is geographically well diversified across China like many large-scale listed PRC developers, and into major cities including Shanghai, Beijing, Guangzhou, Shenzhen and Hainan. Sunac is founded by Sun Hongbin, major shareholder and chairman of the company that previously established Sunco Group and adopted a high leverage strategy, which Sunac also then embraced. On top of aggressive asset expansion in recent years, the significant acquisition of a stake in non-related business Leshi Internet, as well as the landmark portfolio acquisition of Dalian Wanda theme park assets on the back of a highly leveraged balance sheet, have also garnered much market attention.
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