DiDi Global (DiDi Global) Gross Profit : $3,027 Mil (TTM As of Dec. 2023)

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What is DiDi Global Gross Profit?

DiDi Global's gross profit for the three months ended in Dec. 2023 was $1,090 Mil. DiDi Global's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $3,027 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. DiDi Global's gross profit for the three months ended in Dec. 2023 was $1,090 Mil. DiDi Global's Revenue for the three months ended in Dec. 2023 was $6,921 Mil. Therefore, DiDi Global's Gross Margin % for the quarter that ended in Dec. 2023 was 15.74%.

DiDi Global had a gross margin of 15.74% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 6 years, the highest Gross Margin % of DiDi Global was 17.75%. The lowest was 5.50%. And the median was 10.50%.

DiDi Global Gross Profit Historical Data

The historical data trend for DiDi Global'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.

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DiDi Global Gross Profit Chart

DiDi Global Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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2,155.98

2,433.30

2,663.43

3,584.75

4,123.81

DiDi Global Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial											900.80	816.44	901.62	1,035.83	1,089.61

Competitive Comparison of DiDi Global's Gross Profit

For the Software - Application subindustry, DiDi Global'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.

DiDi Global's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, DiDi Global's Gross Profit distribution charts can be found below:

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

DiDi Global Gross Profit Calculation

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

DiDi Global'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
	=	26943.211	-	22819.403
	=	4,124

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	6921.235	-	5831.63
	=	1,090

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 $3,027 Mil.

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

DiDi Global'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
	=	1,090	/	6921.235
	=	15.74 %

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.

DiDi Global (OTCPK:DIDIY) 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

DiDi Global had a gross margin of 15.74% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

DiDi Global Gross Profit Related Terms

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DiDi Global (DiDi Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DiDi Global Inc (OTCPK:DIDIY) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

92S:Germany

Address

North Ring Road, Tangjialing, Building 1, Yard 6, Haidian District, Beijing, CHN

Website

https://www.didiglobal.com

DiDi Global Inc is a mobility technology platform. It is building four key components of its platform that work together to improve the consumer experience: shared mobility, auto solutions, electric mobility, and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing, chauffeur, hitch, and other services; International; and Other Initiatives.