Synthomer (LSE:SYNT) Gross Profit : £1,971 Mil (TTM As of Dec. 2023)

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What is Synthomer Gross Profit?

Synthomer's gross profit for the six months ended in Dec. 2023 was £896 Mil. Synthomer's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was £1,971 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Synthomer's gross profit for the six months ended in Dec. 2023 was £896 Mil. Synthomer's Revenue for the six months ended in Dec. 2023 was £896 Mil. Therefore, Synthomer's Gross Margin % for the quarter that ended in Dec. 2023 was N/A%.

Synthomer had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Synthomer was 31.01%. The lowest was 15.59%. And the median was 19.01%.

Warning Sign:

Synthomer PLC gross margin has been in long-term decline. The average rate of decline per year is -2.2%.

Synthomer Gross Profit Historical Data

The historical data trend for Synthomer'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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Synthomer Gross Profit Chart

Synthomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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273.80

437.40

665.00

413.60

307.30

Synthomer 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															914.20	1,228.30	1,104.00	1,075.30	895.60

Competitive Comparison of Synthomer's Gross Profit

For the Specialty Chemicals subindustry, Synthomer'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.

Synthomer's Gross Profit Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Synthomer's Gross Profit distribution charts can be found below:

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

Synthomer Gross Profit Calculation

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

Synthomer'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
	=	1970.9	-	1663.6
	=	307

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	895.6	-	0
	=	896

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 £1,971 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Synthomer'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
	=	896	/	895.6
	=	N/A %

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.

Synthomer (LSE:SYNT) 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

Synthomer had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Synthomer Gross Profit Related Terms

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Synthomer (LSE:SYNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Synthomer PLC (LSE:SYNT) » Definitions » Gross Profit

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Traded in Other Exchanges

SYYYF:USA SYNTl:UK 7YC2:Germany

Address

45 Pall Mall, London, GBR, SW1Y 5JG

Website

https://www.synthomer.com

Synthomer PLC is a specialty chemicals company. It supplies a variety of chemicals including latex and adhesives, which are used in a wide range of markets such as construction, coatings, textiles, paper, and healthcare. The company's products include styrene-butadiene rubber, which is used to make coated paper, packaging, bindings for carpet, foam mattresses, pillows and shoes; and nitrile butadiene latex used to make medical gloves and catheters, among others. The company organizes itself into five segments: performance elastomers, functional solutions, industrial specialties, adhesive Technologies and acrylate monomers. A vast majority of the company's revenue is generated by the performance elastomers and functional solutions segments combined.