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WiMi Hologram Cloud Gross Profit

: $24.67 Mil (TTM As of Jun. 2020)
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WiMi Hologram Cloud's gross profit for the six months ended in Jun. 2020 was $7.46 Mil. WiMi Hologram Cloud's gross profit for the trailing twelve months (TTM) ended in Jun. 2020 was $24.67 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. WiMi Hologram Cloud's gross profit for the six months ended in Jun. 2020 was $7.46 Mil. WiMi Hologram Cloud's Revenue for the six months ended in Jun. 2020 was $24.12 Mil. Therefore, WiMi Hologram Cloud's Gross Margin % for the quarter that ended in Jun. 2020 was 30.91%.

WiMi Hologram Cloud had a gross margin of 30.91% for the quarter that ended in Jun. 2020 => Competition eroding margins

During the past 3 years, the highest Gross Margin % of WiMi Hologram Cloud was 62.08%. The lowest was 35.55%. And the median was 58.77%.


WiMi Hologram Cloud Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

WiMi Hologram Cloud Annual Data
Dec17 Dec18 Dec19
Gross Profit 17.12 20.32 24.67

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Gross Profit Premium Member Only 11.07 9.92 15.66 9.26 7.46

Competitive Comparison
* 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.


WiMi Hologram Cloud Gross Profit Distribution

* The bar in red indicates where WiMi Hologram Cloud's Gross Profit falls into.



WiMi Hologram Cloud Gross Profit Calculation

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

WiMi Hologram Cloud's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as

Gross Profit (A: Dec. 2019 )=Revenue - Cost of Goods Sold
=45.508219627301 - 20.840355304618
=24.67

WiMi Hologram Cloud's Gross Profit for the quarter that ended in Jun. 2020 is calculated as

Gross Profit (Q: Jun. 2020 )=Revenue - Cost of Goods Sold
=24.123926796204 - 16.66699615906
=7.46

For stock reported semi-annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Jun. 2020 was $24.67 Mil.

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

WiMi Hologram Cloud's Gross Margin % for the quarter that ended in Jun. 2020 is calculated as

Gross Margin % (Q: Jun. 2020 )=Gross Profit (Q: Jun. 2020 ) / Revenue (Q: Jun. 2020 )
=(Revenue - Cost of Goods Sold) / Revenue
=7.46 / 24.123926796204
=30.91 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


WiMi Hologram Cloud  (NAS:WIMI) 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

WiMi Hologram Cloud had a gross margin of 30.91% for the quarter that ended in Jun. 2020 => Competition eroding margins


WiMi Hologram Cloud Gross Profit Related Terms


WiMi Hologram Cloud Gross Profit Headlines

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