Korea Gas (XKRX:036460) Gross Profit : ₩1,957,123 Mil (TTM As of Dec. 2023)

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What is Korea Gas Gross Profit?

Korea Gas's gross profit for the three months ended in Dec. 2023 was ₩626,321 Mil. Korea Gas's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was ₩1,957,123 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Korea Gas's gross profit for the three months ended in Dec. 2023 was ₩626,321 Mil. Korea Gas's Revenue for the three months ended in Dec. 2023 was ₩10,609,166 Mil. Therefore, Korea Gas's Gross Margin % for the quarter that ended in Dec. 2023 was 5.90%.

Korea Gas had a gross margin of 5.90% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Korea Gas was 7.03%. The lowest was 3.83%. And the median was 6.19%.

Warning Sign:

Korea Gas Corp gross margin has been in long-term decline. The average rate of decline per year is -7.2%.

Korea Gas Gross Profit Historical Data

The historical data trend for Korea Gas'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.

Korea Gas Gross Profit Chart

Korea Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1,755,522.31

1,320,223.03

1,661,748.20

2,896,024.06

1,957,123.07

Korea Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															1,244,314.85	710,870.85	302,763.16	317,167.59	626,321.47

Competitive Comparison of Korea Gas's Gross Profit

For the Utilities - Regulated Gas subindustry, Korea Gas'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.

Korea Gas's Gross Profit Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Korea Gas's Gross Profit distribution charts can be found below:

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

Korea Gas Gross Profit Calculation

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

Korea Gas'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
	=	44555995.015	-	42598871.941
	=	1,957,123

Korea Gas's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	10609166.457	-	9982844.987
	=	626,321

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩1,957,123 Mil.

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

Korea Gas's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	626,321	/	10609166.457
	=	5.90 %

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.

Korea Gas (XKRX:036460) 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

Korea Gas had a gross margin of 5.90% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Korea Gas Gross Profit Related Terms

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Korea Gas (XKRX:036460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Korea Gas Corp (XKRX:036460) » Definitions » Gross Profit

Traded in Other Exchanges

N/A

Address

215 Jeongja-dong, Bundang-gu, Seongnam, KOR, 463-754

Website

http://www.kogas.or.kr

Korea Gas Corp is a Korean natural gas utility company. The Government of Korea holds a majority stake in the firm. Korea Gas Corp holds a monopoly as the country's only natural gas distributor with a nationwide network of pipelines and storage tanks. The company segments its operations into Domestic Business and Overseas Business units. The Domestic Business division encompasses Korea Gas' liquefied natural gas (LNG) purchasing, supply, storage, and pipeline distributing activities. The company primarily buys natural gas from Middle Eastern and Southeast Asian sources. Korea Gas' total revenue is split fairly evenly between the sale of natural gas to urban consumers and to the power sector. Korean housing and industrial customers represent the majority of the firm's customer base.

Korea Gas (XKRX:036460) Headlines

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