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Tsingtao Brewery Co (HKSE:00168) Gross Profit : HK$14,041 Mil (TTM As of Sep. 2024)


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What is Tsingtao Brewery Co Gross Profit?

Tsingtao Brewery Co's gross profit for the three months ended in Sep. 2024 was HK$4,123 Mil. Tsingtao Brewery Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was HK$14,041 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tsingtao Brewery Co's gross profit for the three months ended in Sep. 2024 was HK$4,123 Mil. Tsingtao Brewery Co's Revenue for the three months ended in Sep. 2024 was HK$9,789 Mil. Therefore, Tsingtao Brewery Co's Gross Margin % for the quarter that ended in Sep. 2024 was 42.12%.

Tsingtao Brewery Co had a gross margin of 42.12% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Tsingtao Brewery Co was 41.53%. The lowest was 35.33%. And the median was 38.09%.


Tsingtao Brewery Co Gross Profit Historical Data

The historical data trend for Tsingtao Brewery 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.

Tsingtao Brewery Co Gross Profit Chart

Tsingtao Brewery 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 12,132.67 11,626.40 13,561.80 13,237.12 14,349.98

Tsingtao Brewery Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 4,120.67 889.06 4,458.97 4,569.26 4,123.31

Competitive Comparison of Tsingtao Brewery Co's Gross Profit

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.


Tsingtao Brewery Co's Gross Profit Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Tsingtao Brewery Co's Gross Profit falls into.



Tsingtao Brewery Co Gross Profit Calculation

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

Tsingtao Brewery 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
=37119.052 - 22769.074
=14,350

Tsingtao Brewery Co's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=9789.377 - 5666.066
=4,123

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$14,041 Mil.

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

Tsingtao Brewery Co's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=4,123 / 9789.377
=42.12 %

* 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.


Tsingtao Brewery Co  (HKSE:00168) 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

Tsingtao Brewery Co had a gross margin of 42.12% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Tsingtao Brewery Co Gross Profit Related Terms

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Tsingtao Brewery Co Business Description

Address
No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2023. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio.
Executives
Jpmorgan Chase & Co.
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Blackrock, Inc. 2201 Interest of corporation controlled by you
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Citigroup Inc. 2502 Approved lending agent
T. Rowe Price Associates, Inc. And Its Affiliates 2101 Beneficial owner
Qing Dao Pi Jiu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Qing Dao Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui 2201 Interest of corporation controlled by you
Xiang Gang Xin Hai Sheng Tou Zi Fa Zhan You Xian Gong Si 2101 Beneficial owner

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