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Coupang (Coupang) Gross Profit : $6,190 Mil (TTM As of Dec. 2023)


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What is Coupang Gross Profit?

Coupang's gross profit for the three months ended in Dec. 2023 was $1,680 Mil. Coupang's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $6,190 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Coupang's gross profit for the three months ended in Dec. 2023 was $1,680 Mil. Coupang's Revenue for the three months ended in Dec. 2023 was $6,561 Mil. Therefore, Coupang's Gross Margin % for the quarter that ended in Dec. 2023 was 25.61%.

Coupang had a gross margin of 25.61% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 6 years, the highest Gross Margin % of Coupang was 25.39%. The lowest was 4.67%. And the median was 16.54%.


Coupang Gross Profit Historical Data

The historical data trend for Coupang'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.

Coupang Gross Profit Chart

Coupang Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 1,033.22 1,986.24 2,951.00 4,710.00 6,190.00

Coupang Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1,278.91 1,419.93 1,523.79 1,565.79 1,680.50

Competitive Comparison of Coupang's Gross Profit

For the Internet Retail subindustry, Coupang'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.


Coupang's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Coupang's Gross Profit distribution charts can be found below:

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



Coupang Gross Profit Calculation

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

Coupang'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
=24383 - 18193
=6,190

Coupang's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=6561.026 - 4880.528
=1,680

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,190 Mil.

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

Coupang's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=1,680 / 6561.026
=25.61 %

* 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.


Coupang  (NYSE:CPNG) 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

Coupang had a gross margin of 25.61% for the quarter that ended in Dec. 2023 => Competition eroding margins


Coupang Gross Profit Related Terms

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Coupang (Coupang) Business Description

Traded in Other Exchanges
Address
720 Olive Way, Suite 600, Seattle, WA, USA, 05510
Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce primarily includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.
Executives
Tae Jung Kim officer: See Remarks 720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Svf Investments (uk) Ltd 10 percent owner 69 GROSVENOR STREET, LONDON X0 W1K3JP
Benjamin Sun director C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Greenoaks Capital Partners Llc director, 10 percent owner, other: See Remarks 4 ORINDA WAY BUILDING C, SUITE 200, ORINDA CA 94563
Pedro Franceschi director C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO,SONGPA-GU, SEOUL M5 05510
Hanseung Kang officer: Rep Director, Business Mngmt C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Ambereen Toubassy director 720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Harold Rogers officer: See Remarks C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jonathan D. Lee officer: Chief Accounting Officer ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Thuan Pham officer: Chief Technology Officer 1455 MARKET STREET 4TH FLOOR, SAN FRANCISCO CA 94103
Neil Mehta director 535 PACIFIC AVENUE, 4TH FLOOR, SAN FRANCISCO CA 94133
Kevin M Warsh director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Michael Parker officer: Chief Accounting Officer C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jason Child director C/O SPLUNK INC., 270 BRANNAN ST., SAN FRANCISCO CA 94107
Gaurav Anand officer: Chief Financial Officer C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510