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Thitikorn PCL (BKK:TK) Gross Profit : ฿1,191 Mil (TTM As of Mar. 2024)


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What is Thitikorn PCL Gross Profit?

Thitikorn PCL's gross profit for the three months ended in Mar. 2024 was ฿244 Mil. Thitikorn PCL's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ฿1,191 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Thitikorn PCL's gross profit for the three months ended in Mar. 2024 was ฿244 Mil. Thitikorn PCL's Revenue for the three months ended in Mar. 2024 was ฿260 Mil. Therefore, Thitikorn PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 93.68%.

Thitikorn PCL had a gross margin of 93.68% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Thitikorn PCL was 96.90%. The lowest was 92.46%. And the median was 95.84%.


Thitikorn PCL Gross Profit Historical Data

The historical data trend for Thitikorn PCL'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.

Thitikorn PCL Gross Profit Chart

Thitikorn PCL 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 3,154.82 2,117.65 1,521.78 1,559.34 1,281.97

Thitikorn PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 335.23 325.07 325.25 296.41 243.79

Competitive Comparison of Thitikorn PCL's Gross Profit

For the Credit Services subindustry, Thitikorn PCL'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.


Thitikorn PCL's Gross Profit Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Thitikorn PCL's Gross Profit distribution charts can be found below:

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



Thitikorn PCL Gross Profit Calculation

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

Thitikorn PCL'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
=1352.996 - 71.031
=1,282

Thitikorn PCL's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=260.226 - 16.44
=244

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿1,191 Mil.

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

Thitikorn PCL's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=244 / 260.226
=93.68 %

* 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.


Thitikorn PCL  (BKK:TK) 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

Thitikorn PCL had a gross margin of 93.68% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Thitikorn PCL Gross Profit Related Terms

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Thitikorn PCL (BKK:TK) Business Description

Traded in Other Exchanges
N/A
Address
69 Ramkhamhaeng Road, Huamark, Bangkapi, Bangkok, THA, 10240
Thitikorn PCL and its subsidiaries are engaged in the vehicle hire-purchase business and related other services. The company has a single-core operating segment which is hire-purchase on automobiles and motorcycles for general retail customers whereby the business activities with respect to loans, personal loans and nano finance/microfinance to the general retail customers are insignificant portion as compared to the entire volumes and business activities.