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CGHOF (China Gas Holdings) Gross Profit : $1,465 Mil (TTM As of Mar. 2024)


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What is China Gas Holdings Gross Profit?

China Gas Holdings's gross profit for the six months ended in Mar. 2024 was $713 Mil. China Gas Holdings's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $1,465 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. China Gas Holdings's gross profit for the six months ended in Mar. 2024 was $713 Mil. China Gas Holdings's Revenue for the six months ended in Mar. 2024 was $5,798 Mil. Therefore, China Gas Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 12.30%.

China Gas Holdings had a gross margin of 12.30% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of China Gas Holdings was 28.72%. The lowest was 13.08%. And the median was 22.88%.

Warning Sign:

China Gas Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -14.3%.


China Gas Holdings Gross Profit Historical Data

The historical data trend for China Gas Holdings'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.

China Gas Holdings Gross Profit Chart

China Gas Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,201.78 2,331.22 2,011.94 1,533.33 1,444.99

China Gas Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 888.20 645.05 731.12 713.35 751.60

Competitive Comparison of China Gas Holdings's Gross Profit

For the Utilities - Regulated Gas subindustry, China Gas Holdings'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.


China Gas Holdings's Gross Profit Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Gas Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where China Gas Holdings's Gross Profit falls into.



China Gas Holdings Gross Profit Calculation

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

China Gas Holdings's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )=Revenue - Cost of Goods Sold
=10406.511 - 8961.525
=1,445

China Gas Holdings's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=5798.412 - 5085.06
=713

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1,465 Mil.

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

China Gas Holdings'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
=713 / 5798.412
=12.30 %

* 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.


China Gas Holdings  (OTCPK:CGHOF) 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

China Gas Holdings had a gross margin of 12.30% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


China Gas Holdings Gross Profit Related Terms

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China Gas Holdings Business Description

Traded in Other Exchanges
Address
188 Meiyuan Road, China Gas Building, Luohu District, Guangdong Province, Shenzhen, CHN
China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2024 (ended March 31, 2024), the group had secured a total of 662 piped gas concessions, 516 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 119 LPG distribution projects in China. In total, CGH has connected 47.1 million residential households and achieved a penetration rate of 70.9%.