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Dazhong Transportation (Group) Co (SHSE:600611) Gross Profit : ¥1,239 Mil (TTM As of Dec. 2023)


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What is Dazhong Transportation (Group) Co Gross Profit?

Dazhong Transportation (Group) Co's gross profit for the three months ended in Dec. 2023 was ¥375 Mil. Dazhong Transportation (Group) Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was ¥1,239 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Dazhong Transportation (Group) Co's gross profit for the three months ended in Dec. 2023 was ¥375 Mil. Dazhong Transportation (Group) Co's Revenue for the three months ended in Dec. 2023 was ¥1,306 Mil. Therefore, Dazhong Transportation (Group) Co's Gross Margin % for the quarter that ended in Dec. 2023 was 28.68%.

Dazhong Transportation (Group) Co had a gross margin of 28.68% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Dazhong Transportation (Group) Co was 37.82%. The lowest was 23.35%. And the median was 34.50%.

Warning Sign:

Dazhong Transportation (Group) Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -7.5%.


Dazhong Transportation (Group) Co Gross Profit Historical Data

The historical data trend for Dazhong Transportation (Group) Co'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.

Dazhong Transportation (Group) Co Gross Profit Chart

Dazhong Transportation (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,438.15 934.43 863.32 551.09 1,239.14

Dazhong Transportation (Group) Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 259.08 202.59 329.78 332.16 374.61

Competitive Comparison of Dazhong Transportation (Group) Co's Gross Profit

For the Trucking subindustry, Dazhong Transportation (Group) Co'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.


Dazhong Transportation (Group) Co's Gross Profit Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dazhong Transportation (Group) Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Dazhong Transportation (Group) Co's Gross Profit falls into.



Dazhong Transportation (Group) Co Gross Profit Calculation

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

Dazhong Transportation (Group) Co'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
=4503.791 - 3264.655
=1,239

Dazhong Transportation (Group) Co's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=1306.109 - 931.503
=375

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 ¥1,239 Mil.

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

Dazhong Transportation (Group) Co'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
=375 / 1306.109
=28.68 %

* 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.

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.


Dazhong Transportation (Group) Co  (SHSE:600611) 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

Dazhong Transportation (Group) Co had a gross margin of 28.68% for the quarter that ended in Dec. 2023 => Competition eroding margins


Dazhong Transportation (Group) Co Gross Profit Related Terms

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Dazhong Transportation (Group) Co (SHSE:600611) Business Description

Traded in Other Exchanges
Address
No. 1515 Zhongshan West Road, Dazhong Building, 22nd Floor, Xuhui District, Shanghai, CHN, 200235
Dazhong Transportation Group is a passenger transportation and property investment company. The company operates taxis and public bus passenger transportation, and maintains, leases, and distributes automobiles. Dazhong Transportation also operates a real estate investment business, which develops, leases, and sells residential and commercial property. In addition, the company provides logistics, tourism, and catering services. The company is headquartered in the People's Republic of China, and generates revenue domestically.

Dazhong Transportation (Group) Co (SHSE:600611) Headlines

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