Ciech (WAR:CIE) Gross Profit : zł1,060 Mil (TTM As of Sep. 2023)

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What is Ciech Gross Profit?

Ciech's gross profit for the three months ended in Sep. 2023 was zł230 Mil. Ciech's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was zł1,060 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Ciech's gross profit for the three months ended in Sep. 2023 was zł230 Mil. Ciech's Revenue for the three months ended in Sep. 2023 was zł1,161 Mil. Therefore, Ciech's Gross Margin % for the quarter that ended in Sep. 2023 was 19.79%.

Ciech had a gross margin of 19.79% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Ciech was 30.09%. The lowest was 17.70%. And the median was 21.38%.

Warning Sign:

Ciech SA gross margin has been in long-term decline. The average rate of decline per year is -3.7%.

Ciech Gross Profit Historical Data

The historical data trend for Ciech'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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Ciech Gross Profit Chart

Ciech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

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763.42

712.69

630.67

632.31

1,168.23

Ciech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial															255.72	384.87	264.03	181.15	229.80

Competitive Comparison of Ciech's Gross Profit

For the Chemicals subindustry, Ciech'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.

Ciech's Gross Profit Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ciech's Gross Profit distribution charts can be found below:

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

Ciech Gross Profit Calculation

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

Ciech's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	5415.459	-	4247.23
	=	1,168

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

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1161.124	-	931.324
	=	230

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was zł1,060 Mil.

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

Ciech'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
	=	230	/	1161.124
	=	19.79 %

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.

Ciech (WAR:CIE) 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

Ciech had a gross margin of 19.79% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Ciech Gross Profit Related Terms

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Ciech (WAR:CIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ciech SA (WAR:CIE) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul Wspolna Street 62, Warsaw, POL, 00-684

Website

https://www.ciechgroup.com

Ciech SA manufactures and sells soda ash, glass, and chemical-based products. The firm's four segments are based on product type and function. The Soda segment, which generates the majority of revenue, sells soda ash used in the production of glass, detergents, and chemicals. Agro Segment is a manufacturer of crop protection products used in agriculture. The resins segment produces epoxy resins and polyester resins. Foams Segment is a producer of polyurethane foams, mainly used in the furniture industry for upholstered furniture and mattresses. Silicates Segment manufactures sodium silicates and potassium silicates. The packaging segment manufactures glass packaging lanterns and jars, used in the food industry and for the production of headstone lamps.

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