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Veem (ASX:VEE) Gross Profit : A$44.76 Mil (TTM As of Jun. 2024)


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What is Veem Gross Profit?

Veem's gross profit for the six months ended in Jun. 2024 was A$19.97 Mil. Veem's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was A$44.76 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Veem's gross profit for the six months ended in Jun. 2024 was A$19.97 Mil. Veem's Revenue for the six months ended in Jun. 2024 was A$43.03 Mil. Therefore, Veem's Gross Margin % for the quarter that ended in Jun. 2024 was 46.40%.

Veem had a gross margin of 46.40% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 8 years, the highest Gross Margin % of Veem was 72.23%. The lowest was 55.00%. And the median was 60.71%.

Warning Sign:

Veem Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.9%.


Veem Gross Profit Historical Data

The historical data trend for Veem'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.

Veem Gross Profit Chart

Veem Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Profit
Get a 7-Day Free Trial 27.67 33.75 31.99 37.60 44.75

Veem Semi-Annual Data
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 15.34 18.28 19.32 24.79 19.97

Competitive Comparison of Veem's Gross Profit

For the Aerospace & Defense subindustry, Veem'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.


Veem's Gross Profit Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Veem's Gross Profit distribution charts can be found below:

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



Veem Gross Profit Calculation

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

Veem'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
=80.527 - 35.773
=44.75

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

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=43.032 - 23.065
=19.97

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$44.76 Mil.

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

Veem'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
=19.97 / 43.032
=46.40 %

* 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.


Veem  (ASX:VEE) 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

Veem had a gross margin of 46.40% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Veem Gross Profit Related Terms

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Veem Business Description

Traded in Other Exchanges
N/A
Address
22 Baile Road, Canning Vale, WA, AUS, 6155
Veem Ltd is a marine technology company engaged in the production of propulsion and stabilization systems. The company also manufactures bespoke engineered products and services for the marine, defense, and mining industries.

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