Glencore (Glencore) Gross Profit : $10,783 Mil (TTM As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Glencore Gross Profit?

Glencore's gross profit for the six months ended in Dec. 2023 was $4,274 Mil. Glencore's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $10,783 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Glencore's gross profit for the six months ended in Dec. 2023 was $4,274 Mil. Glencore's Revenue for the six months ended in Dec. 2023 was $110,414 Mil. Therefore, Glencore's Gross Margin % for the quarter that ended in Dec. 2023 was 3.87%.

Glencore had a gross margin of 3.87% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Glencore was 10.75%. The lowest was 1.91%. And the median was 3.42%.

Glencore Gross Profit Historical Data

The historical data trend for Glencore'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.

Glencore Gross Profit Chart

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

Get a 7-Day Free Trial

4,677.00

3,698.00

12,381.00

27,517.00

10,783.00

Glencore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial															7,646.00	15,723.00	11,794.00	6,509.00	4,274.00

Competitive Comparison of Glencore's Gross Profit

For the Other Industrial Metals & Mining subindustry, Glencore'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.

Glencore's Gross Profit Distribution in the Metals & Mining Industry

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

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

Glencore Gross Profit Calculation

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

Glencore'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
	=	217829	-	207046
	=	10,783

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	110414	-	106140
	=	4,274

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $10,783 Mil.

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

Glencore'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
	=	4,274	/	110414
	=	3.87 %

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.

Glencore (OTCPK:GLCNF) 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

Glencore had a gross margin of 3.87% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Glencore Gross Profit Related Terms

Thank you for viewing the detailed overview of Glencore's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

Glencore (Glencore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (OTCPK:GLCNF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLENl:UK GLEN:UK 8GC:Germany

Address

Baarermattstrasse 3, P.O. Box 1363, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's Marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It has also agreed to buy Teck's metallurgical coal business, with the deal likely closing in the third quarter of 2024.