East 33 (ASX:E33) Gross Profit : A$9.57 Mil (TTM As of Dec. 2023)

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What is East 33 Gross Profit?

East 33's gross profit for the six months ended in Dec. 2023 was A$4.76 Mil. East 33's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$9.57 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. East 33's gross profit for the six months ended in Dec. 2023 was A$4.76 Mil. East 33's Revenue for the six months ended in Dec. 2023 was A$11.75 Mil. Therefore, East 33's Gross Margin % for the quarter that ended in Dec. 2023 was 40.53%.

East 33 had a gross margin of 40.53% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 2 years, the highest Gross Margin % of East 33 was 43.32%. The lowest was 27.04%. And the median was 35.18%.

East 33 Gross Profit Historical Data

The historical data trend for East 33'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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East 33 Gross Profit Chart

East 33 Annual Data

Trend

Jun22

Jun23

Gross Profit

6.12

10.65

East 33 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial			3.86	2.26	5.84	4.81	4.76

Competitive Comparison of East 33's Gross Profit

For the Farm Products subindustry, East 33'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.

East 33's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, East 33's Gross Profit distribution charts can be found below:

* The bar in red indicates where East 33's Gross Profit falls into.

East 33 Gross Profit Calculation

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

East 33's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	24.595	-	13.941
	=	10.65

East 33's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	11.753	-	6.989
	=	4.76

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$9.57 Mil.

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

East 33'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
	=	4.76	/	11.753
	=	40.53 %

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.

East 33 (ASX:E33) 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

East 33 had a gross margin of 40.53% for the quarter that ended in Dec. 2023 => Durable competitive advantage

East 33 Gross Profit Related Terms

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East 33 (ASX:E33) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » East 33 Ltd (ASX:E33) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Point Road, Tuncurry, NSW, AUS, 2428

Website

https://www.east33.sydney

East 33 Ltd operates in the aquaculture and seafood industry. The company produces and supplies rock oysters. The oysters are supplied mainly to restaurants, retailers, food service companies, and wholesalers. It operates into three reportable segments Oyster farming involves the growing and wholesaling of live oysters in Australia; Distribution comprises the wholesale and retail distribution of oysters in Australia; and Sundry units involved in selling liquor to retail customers, provision restaurant services, online sales of oysters and complimentary products in Australia.

East 33 (ASX:E33) Headlines

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