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Daesang (XKRX:001680) Gross Profit : ₩1,091,989 Mil (TTM As of Jun. 2024)


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What is Daesang Gross Profit?

Daesang's gross profit for the three months ended in Jun. 2024 was ₩285,810 Mil. Daesang's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was ₩1,091,989 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Daesang's gross profit for the three months ended in Jun. 2024 was ₩285,810 Mil. Daesang's Revenue for the three months ended in Jun. 2024 was ₩1,054,219 Mil. Therefore, Daesang's Gross Margin % for the quarter that ended in Jun. 2024 was 27.11%.

Daesang had a gross margin of 27.11% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Daesang was 28.17%. The lowest was 23.76%. And the median was 26.32%.

Warning Sign:

Daesang Corp gross margin has been in long-term decline. The average rate of decline per year is -1.4%.


Daesang Gross Profit Historical Data

The historical data trend for Daesang'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.

Daesang Gross Profit Chart

Daesang 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 754,421.86 847,089.31 883,203.18 970,337.48 1,019,013.84

Daesang Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 255,039.27 296,526.81 234,889.07 274,763.12 285,810.25

Competitive Comparison of Daesang's Gross Profit

For the Packaged Foods subindustry, Daesang'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.


Daesang's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Daesang's Gross Profit distribution charts can be found below:

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



Daesang Gross Profit Calculation

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

Daesang'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
=4107493.944 - 3088480.108
=1,019,014

Daesang's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=1054219.3 - 768409.054
=285,810

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩1,091,989 Mil.

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

Daesang's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=285,810 / 1054219.3
=27.11 %

* 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.


Daesang  (XKRX:001680) 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

Daesang had a gross margin of 27.11% for the quarter that ended in Jun. 2024 => Competition eroding margins


Daesang Gross Profit Related Terms

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Daesang Business Description

Traded in Other Exchanges
Address
DaeSang Building 96-48 ShinSul-Dong, DongDaeMoon-Gu, Seoul, KOR, 130-706
Daesang Corp is a part of the packaged foods industry. The company's business relates to the production and distribution of food items such as marinade sauces, canned foods, seasonings, soups and noodles, health foods and beverages. It also sells food ingredients such as corn syrup, crystalline fructose, corn syrup, corn starch, fish paste starch, and others. Its marketing channel comprises of direct sales through stores and sales agencies.

Daesang Headlines

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