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China Development Bank Financial Leasing Co (FRA:2C6) Gross Profit : €3,106 Mil (TTM As of Jun. 2024)


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What is China Development Bank Financial Leasing Co Gross Profit?

China Development Bank Financial Leasing Co's gross profit for the six months ended in Jun. 2024 was €1,572 Mil. China Development Bank Financial Leasing Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was €3,106 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. China Development Bank Financial Leasing Co's gross profit for the six months ended in Jun. 2024 was €1,572 Mil. China Development Bank Financial Leasing Co's Revenue for the six months ended in Jun. 2024 was €1,599 Mil. Therefore, China Development Bank Financial Leasing Co's Gross Margin % for the quarter that ended in Jun. 2024 was 98.32%.

China Development Bank Financial Leasing Co had a gross margin of 98.32% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 11 years, the highest Gross Margin % of China Development Bank Financial Leasing Co was 99.80%. The lowest was 67.79%. And the median was 99.59%.

Warning Sign:

China Development Bank Financial Leasing Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.5%.


China Development Bank Financial Leasing Co Gross Profit Historical Data

The historical data trend for China Development Bank Financial Leasing Co'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 Development Bank Financial Leasing Co Gross Profit Chart

China Development Bank Financial Leasing Co 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 2,116.21 2,220.71 2,012.33 2,104.78 2,896.66

China Development Bank Financial Leasing Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1,601.17 570.36 1,367.90 1,533.61 1,572.07

Competitive Comparison of China Development Bank Financial Leasing Co's Gross Profit

For the Rental & Leasing Services subindustry, China Development Bank Financial Leasing Co'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 Development Bank Financial Leasing Co's Gross Profit Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Development Bank Financial Leasing Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where China Development Bank Financial Leasing Co's Gross Profit falls into.



China Development Bank Financial Leasing Co Gross Profit Calculation

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

China Development Bank Financial Leasing Co'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
=2954.596 - 57.94
=2,897

China Development Bank Financial Leasing Co's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=1598.97 - 26.897
=1,572

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €3,106 Mil.

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

China Development Bank Financial Leasing Co's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=1,572 / 1598.97
=98.32 %

* 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 Development Bank Financial Leasing Co  (FRA:2C6) 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 Development Bank Financial Leasing Co had a gross margin of 98.32% for the quarter that ended in Jun. 2024 => Durable competitive advantage


China Development Bank Financial Leasing Co Gross Profit Related Terms

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China Development Bank Financial Leasing Co Business Description

Traded in Other Exchanges
Address
No. 2003 Fuzhong, Third Road, CDB Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518026
China Development Bank Financial Leasing Co Ltd is engaged in providing leasing services to customers in industries such as aviation, infrastructure, shipping, commercial vehicle, and construction machinery. The operating business segments are aircraft leasing, regional development leasing, ship leasing, inclusive finance and green energy and high-end equipment leasing. The activities of the company include aircraft leasing, ship leasing, regional development leasing, inclusive finance leasing, green energy and highend equipment leasing, transfers of finance lease assets and lease-related financial business.

China Development Bank Financial Leasing Co Headlines

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