Shaanxi Provincial Natural Gas Co (SZSE:002267) Gross Profit

: ¥799 Mil (TTM As of Sep. 2023)

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Shaanxi Provincial Natural Gas Co's gross profit for the three months ended in Sep. 2023 was ¥34 Mil. Shaanxi Provincial Natural Gas Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was ¥799 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Shaanxi Provincial Natural Gas Co's gross profit for the three months ended in Sep. 2023 was ¥34 Mil. Shaanxi Provincial Natural Gas Co's Revenue for the three months ended in Sep. 2023 was ¥1,201 Mil. Therefore, Shaanxi Provincial Natural Gas Co's Gross Margin % for the quarter that ended in Sep. 2023 was 2.86%.

Shaanxi Provincial Natural Gas Co had a gross margin of 2.86% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Shaanxi Provincial Natural Gas Co was 18.17%. The lowest was 9.28%. And the median was 11.36%.

Shaanxi Provincial Natural Gas Co Gross Profit Historical Data

The historical data trend for Shaanxi Provincial Natural Gas 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.

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Shaanxi Provincial Natural Gas Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

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953.29

904.60

795.63

782.45

1,114.11

Shaanxi Provincial Natural Gas Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial															52.44	188.00	542.14	34.40	34.36

Competitive Comparison

For the Oil & Gas Midstream subindustry, Shaanxi Provincial Natural Gas 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.

Shaanxi Provincial Natural Gas Co Gross Profit Distribution

For the Oil & Gas industry and Energy sector, Shaanxi Provincial Natural Gas Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Shaanxi Provincial Natural Gas Co's Gross Profit falls into.

Shaanxi Provincial Natural Gas Co Gross Profit Calculation

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

Shaanxi Provincial Natural Gas Co's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	8505.667	-	7391.56
	=	1,114

Shaanxi Provincial Natural Gas Co's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1200.528	-	1166.172
	=	34

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥799 Mil.

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

Shaanxi Provincial Natural Gas Co's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	34	/	1200.528
	=	2.86 %

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.

Shaanxi Provincial Natural Gas Co (SZSE:002267) 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

Shaanxi Provincial Natural Gas Co had a gross margin of 2.86% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Shaanxi Provincial Natural Gas Co Gross Profit Related Terms

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Shaanxi Provincial Natural Gas Co (SZSE:002267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shaanxi Provincial Natural Gas Co Ltd (SZSE:002267) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Kaiyuan Road, Xi'an Economic and Technological Development Zone, A1 District, Shanxi province, Xi'an, CHN, 710016

Website

http://www.shaanxigas.com

Shaanxi Provincial Natural Gas Co Ltd is a China-based company engaged in the construction and operation of natural gas pipelines. It plans, constructs, operates and manages natural gas long-distance pipeline network in the Shaanxi Province.

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