CMOC Group (CMOC Group) Gross Profit : $2,528 Mil (TTM As of Dec. 2023)

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What is CMOC Group Gross Profit?

CMOC Group's gross profit for the three months ended in Dec. 2023 was $1,241 Mil. CMOC Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,528 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. CMOC Group's gross profit for the three months ended in Dec. 2023 was $1,241 Mil. CMOC Group's Revenue for the three months ended in Dec. 2023 was $7,645 Mil. Therefore, CMOC Group's Gross Margin % for the quarter that ended in Dec. 2023 was 16.23%.

CMOC Group had a gross margin of 16.23% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of CMOC Group was 41.89%. The lowest was 4.47%. And the median was 21.60%.

Warning Sign:

CMOC Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -11.7%.

CMOC Group Gross Profit Historical Data

The historical data trend for CMOC Group'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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CMOC Group Gross Profit Chart

CMOC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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437.84

1,291.42

2,562.77

2,304.26

2,536.45

CMOC Group 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															395.64	260.00	269.58	757.28	1,241.14

Competitive Comparison of CMOC Group's Gross Profit

For the Other Industrial Metals & Mining subindustry, CMOC Group'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.

CMOC Group's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CMOC Group's Gross Profit distribution charts can be found below:

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

CMOC Group Gross Profit Calculation

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

CMOC Group'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
	=	26087.361	-	23550.909
	=	2,536

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	7644.986	-	6403.842
	=	1,241

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 $2,528 Mil.

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

CMOC Group'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
	=	1,241	/	7644.986
	=	16.23 %

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.

CMOC Group (OTCPK:CMCLF) 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

CMOC Group had a gross margin of 16.23% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

CMOC Group Gross Profit Related Terms

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CMOC Group (CMOC Group) Business Description

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03993:Hong Kong D7N:Germany 603993:China

Address

North of Yihe, Huamei Shan Road, Chengdong New District, Luanchuan County, Henan Province, Luoyang, CHN, 471500

Website

https://www.cmoc.com

CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research, and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten-related products, Copper and gold-related products, Niobium and Phosphorus-related products, Copper and Cobalt-related products, metal trading, and others. It derives a majority of its revenue from China.