Fortune Valley Treasures's gross profit for the
three
months ended in Dec. 2023 was $0.09 Mil. Fortune Valley Treasures's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1.98 Mil.
* 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.
Competitive Comparison of Fortune Valley Treasures's Gross Profit
For the Beverages - Wineries & Distilleries subindustry, Fortune Valley Treasures'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.
Fortune Valley Treasures's Gross Profit Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortune Valley Treasures's Gross Profit distribution charts can be found below:
* The bar in red indicates where Fortune Valley Treasures's Gross Profit falls into.
Fortune Valley Treasures Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Fortune Valley Treasures's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 $1.98 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Fortune Valley Treasures (OTCPK:FVTI) 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
Fortune Valley Treasures had a gross margin of 20.76% for the quarter that ended in Dec. 2023 => Competition eroding margins
Fortune Valley Treasures Gross Profit Related Terms
Thank you for viewing the detailed overview of Fortune Valley Treasures's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Valley Treasures (Fortune Valley Treasures) Business Description
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
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