Merck KGaA (Merck KGaA) Gross Profit : $13,355 Mil (TTM As of Dec. 2023)

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What is Merck KGaA Gross Profit?

Merck KGaA's gross profit for the three months ended in Dec. 2023 was $3,160 Mil. Merck KGaA's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $13,355 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Merck KGaA's gross profit for the three months ended in Dec. 2023 was $3,160 Mil. Merck KGaA's Revenue for the three months ended in Dec. 2023 was $5,698 Mil. Therefore, Merck KGaA's Gross Margin % for the quarter that ended in Dec. 2023 was 55.46%.

Merck KGaA had a gross margin of 55.46% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Merck KGaA was 68.97%. The lowest was 59.03%. And the median was 63.27%.

Warning Sign:

Merck KGaA gross margin has been in long-term decline. The average rate of decline per year is -1.2%.

Merck KGaA Gross Profit Historical Data

The historical data trend for Merck KGaA'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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Merck KGaA Gross Profit Chart

Merck KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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11,273.33

13,015.82

13,938.98

14,518.01

13,514.72

Merck KGaA 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															3,576.27	3,554.60	3,426.87	3,213.45	3,160.31

Competitive Comparison of Merck KGaA's Gross Profit

For the Drug Manufacturers - Specialty & Generic subindustry, Merck KGaA'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.

Merck KGaA's Gross Profit Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Merck KGaA's Gross Profit distribution charts can be found below:

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

Merck KGaA Gross Profit Calculation

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

Merck KGaA'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
	=	22893.13	-	9378.408
	=	13,515

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	5697.928	-	2537.623
	=	3,160

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 $13,355 Mil.

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

Merck KGaA'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
	=	3,160	/	5697.928
	=	55.46 %

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.

Merck KGaA (OTCPK:MKKGY) 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

Merck KGaA had a gross margin of 55.46% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Merck KGaA Gross Profit Related Terms

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Merck KGaA (Merck KGaA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Merck KGaA (OTCPK:MKKGY) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

MKGAF:USA MRK:Italy MRKd:UK 0O14:UK MRK:Germany MRCK:Austria

Address

Frankfurter Strasse 250, Darmstadt, HE, DEU, 64293

Website

https://www.emdgroup.com

Merck KGaA operates in three main segments: life sciences, performance materials, and healthcare. The life sciences segment (47% of 2022 sales) primarily provides laboratory consumables and services to researchers in academia and applied fields, including the biopharmaceutical industry. In the healthcare segment (35%), Merck develops, manufactures, and sells branded pharmaceuticals with significant therapeutic concentrations in oncology, multiple sclerosis, and fertility. In its electronics segment (18%), the company offers specialty materials to manufacture a variety of products, such as semiconductors, flat-screen televisions, automobiles, and cosmetics. In 1995, the E. Merck KG family publicly sold part of the company, resulting in the current 30% public ownership of the firm.