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Sims (ASX:SGM) Gross Profit : A$1,979 Mil (TTM As of Jun. 2024)


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What is Sims Gross Profit?

Sims's gross profit for the six months ended in Jun. 2024 was A$901 Mil. Sims's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was A$1,979 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Sims's gross profit for the six months ended in Jun. 2024 was A$901 Mil. Sims's Revenue for the six months ended in Jun. 2024 was A$3,081 Mil. Therefore, Sims's Gross Margin % for the quarter that ended in Jun. 2024 was 29.24%.

Sims had a gross margin of 29.24% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Sims was 35.20%. The lowest was 27.51%. And the median was 30.63%.

Warning Sign:

Sims Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.3%.


Sims Gross Profit Historical Data

The historical data trend for Sims'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.

Sims Gross Profit Chart

Sims Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,660.10 1,983.50 2,702.40 2,338.10 1,979.40

Sims Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1,410.90 1,173.60 1,164.50 1,078.60 900.80

Competitive Comparison of Sims's Gross Profit

For the Steel subindustry, Sims'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.


Sims's Gross Profit Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Sims's Gross Profit distribution charts can be found below:

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



Sims Gross Profit Calculation

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

Sims's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as

Gross Profit (A: Jun. 2024 )=Revenue - Cost of Goods Sold
=7195.4 - 5216
=1,979

Sims's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=3081 - 2180.2
=901

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1,979 Mil.

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

Sims's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=901 / 3081
=29.24 %

* 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.


Sims  (ASX:SGM) 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

Sims had a gross margin of 29.24% for the quarter that ended in Jun. 2024 => Competition eroding margins


Sims Gross Profit Related Terms

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Sims Business Description

Traded in Other Exchanges
Address
189 O’Riordan Street, Suite 2, Level 9, Mascot, Sydney, NSW, AUS, 2020
Sims Ltd was created from the 2008 merger of two metal-recycling companies: Australia's Sims Group and America's Metal Management. The company is publicly traded metal and electronics recycler, with roughly half of its revenue generated in North America and the balance split between Australasia and Europe. The company buys, processes and sells ferrous and non-ferrous discarded metals. The company's segment includes North America Metal, Australia/New Zealand Metal, Global Trading, Investment in SA Recycling, UK metal, and Sims Lifecycle Services. The company generates the majority revenue from North America Metal segment.

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