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Mabanee Co KPSC (KUW:MABANEE) Gross Profit : KWD79.8 Mil (TTM As of Mar. 2024)


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What is Mabanee Co KPSC Gross Profit?

Mabanee Co KPSC's gross profit for the three months ended in Mar. 2024 was KWD19.7 Mil. Mabanee Co KPSC's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was KWD79.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Mabanee Co KPSC's gross profit for the three months ended in Mar. 2024 was KWD19.7 Mil. Mabanee Co KPSC's Revenue for the three months ended in Mar. 2024 was KWD33.1 Mil. Therefore, Mabanee Co KPSC's Gross Margin % for the quarter that ended in Mar. 2024 was 59.60%.

Mabanee Co KPSC had a gross margin of 59.60% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Mabanee Co KPSC was 69.11%. The lowest was 47.23%. And the median was 65.29%.

Warning Sign:

Mabanee Co KPSC gross margin has been in long-term decline. The average rate of decline per year is -1.3%.


Mabanee Co KPSC Gross Profit Historical Data

The historical data trend for Mabanee Co KPSC'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.

Mabanee Co KPSC Gross Profit Chart

Mabanee Co KPSC 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 64.17 30.95 64.19 71.13 79.22

Mabanee Co KPSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.29 18.60 18.41 23.04 19.73

Competitive Comparison of Mabanee Co KPSC's Gross Profit

For the Real Estate Services subindustry, Mabanee Co KPSC'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.


Mabanee Co KPSC's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mabanee Co KPSC's Gross Profit distribution charts can be found below:

* The bar in red indicates where Mabanee Co KPSC's Gross Profit falls into.



Mabanee Co KPSC Gross Profit Calculation

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

Mabanee Co KPSC'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
=129.331 - 50.115
=79.2

Mabanee Co KPSC's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=33.106 - 13.375
=19.7

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD79.8 Mil.

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

Mabanee Co KPSC's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=19.7 / 33.106
=59.60 %

* 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.


Mabanee Co KPSC  (KUW:MABANEE) 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

Mabanee Co KPSC had a gross margin of 59.60% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Mabanee Co KPSC Gross Profit Related Terms

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Mabanee Co KPSC (KUW:MABANEE) Business Description

Traded in Other Exchanges
N/A
Address
Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, P.O. Box 5132, The Avenues - 2nd Avenue, Entrance 9, Safat, Kuwait, KWT, 13052
Mabanee Co KPSC is a Kuwait-based company which sells, purchases, develops, and operates real estate properties in Kuwait and abroad, including hotels, guest houses, residential and touristic complexes. The company operates through business segments namely Construction and real estate investment, Financial investments, and Hotel operations. It generates maximum revenue from Construction and real estate investment segment. The Construction and real estate investment segment include real estate development, project leasing and construction activity for self or others.

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