Sea (SE) Gross Profit

: $5,834 Mil (TTM As of Dec. 2023)

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Sea's gross profit for the three months ended in Dec. 2023 was $1,525 Mil. Sea's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $5,834 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Sea's gross profit for the three months ended in Dec. 2023 was $1,525 Mil. Sea's Revenue for the three months ended in Dec. 2023 was $3,617 Mil. Therefore, Sea's Gross Margin % for the quarter that ended in Dec. 2023 was 42.16%.

Sea had a gross margin of 42.16% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 10 years, the highest Gross Margin % of Sea was 44.66%. The lowest was 1.78%. And the median was 31.77%.

Sea Gross Profit Historical Data

The historical data trend for Sea'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.

Sea Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

604.92

1,348.91

3,895.74

5,185.28

5,833.65

Sea Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit																1,697.31	1,416.69	1,450.88	1,441.29	1,524.79

Competitive Comparison

For the Internet Retail subindustry, Sea'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.

Sea Gross Profit Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Sea's Gross Profit distribution charts can be found below:

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

Sea Gross Profit Calculation

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

Sea'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
	=	13063.56	-	7229.913
	=	5,834

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	3616.628	-	2091.841
	=	1,525

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 $5,834 Mil.

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

Sea'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
	=	1,525	/	3616.628
	=	42.16 %

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.

Sea (NYSE:SE) 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

Sea had a gross margin of 42.16% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Sea Gross Profit Related Terms

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Sea (SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sea Ltd (NYSE:SE) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

SE:Mexico 0A3T:UK 931:Germany 931:Germany S2EA34:Brazil

Address

1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522

Website

https://www.sea.com

Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea's third business, SeaMoney, provides mostly credit lending.