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Thai Vegetable Oil PCL (BKK:TVO) Gross Profit : ฿1,792 Mil (TTM As of Mar. 2024)


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What is Thai Vegetable Oil PCL Gross Profit?

Thai Vegetable Oil PCL's gross profit for the three months ended in Mar. 2024 was ฿515 Mil. Thai Vegetable Oil PCL's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ฿1,792 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Thai Vegetable Oil PCL's gross profit for the three months ended in Mar. 2024 was ฿515 Mil. Thai Vegetable Oil PCL's Revenue for the three months ended in Mar. 2024 was ฿7,713 Mil. Therefore, Thai Vegetable Oil PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 6.68%.

Thai Vegetable Oil PCL had a gross margin of 6.68% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Thai Vegetable Oil PCL was 16.04%. The lowest was 4.18%. And the median was 10.92%.

Warning Sign:

Thai Vegetable Oil PCL gross margin has been in long-term decline. The average rate of decline per year is -16%.


Thai Vegetable Oil PCL Gross Profit Historical Data

The historical data trend for Thai Vegetable Oil 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.

Thai Vegetable Oil PCL Gross Profit Chart

Thai Vegetable Oil 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 2,358.76 2,845.41 2,941.64 2,881.54 1,429.57

Thai Vegetable Oil 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 153.08 362.69 393.36 520.44 515.22

Competitive Comparison of Thai Vegetable Oil PCL's Gross Profit

For the Packaged Foods subindustry, Thai Vegetable Oil 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.


Thai Vegetable Oil PCL's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's Gross Profit distribution charts can be found below:

* The bar in red indicates where Thai Vegetable Oil PCL's Gross Profit falls into.



Thai Vegetable Oil PCL Gross Profit Calculation

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

Thai Vegetable Oil 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
=34194.61 - 32765.039
=1,430

Thai Vegetable Oil 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
=7712.921 - 7197.697
=515

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 ฿1,792 Mil.

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

Thai Vegetable Oil 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
=515 / 7712.921
=6.68 %

* 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.


Thai Vegetable Oil PCL  (BKK:TVO) 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

Thai Vegetable Oil PCL had a gross margin of 6.68% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


Thai Vegetable Oil PCL Gross Profit Related Terms

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Thai Vegetable Oil PCL (BKK:TVO) Business Description

Traded in Other Exchanges
Address
149 Ratchadapisek Road (Thapra-Taksin), Bukkhalo Sub-District, Thonburi District, Bangkok, THA, 10600
Thai Vegetable Oil PCL manufactures and distributes products both in the domestic and International markets. Its product categories are meal and edible oil. The company has three reportable segments namely, the manufacture and distribution of products from the soybean segment, which is the manufacture and distribution of soy meal and soybean oil, the manufacture and distribution of packaging products, and Other segment, which is the distribution of consumer products. The company operates in Thailand only.

Thai Vegetable Oil PCL (BKK:TVO) Headlines

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