Midea Group Co's gross profit for the
three
months ended in Dec. 2024 was HK$24,321 Mil. Midea Group Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was HK$118,627 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Midea Group Co's gross profit for the
three
months ended in Dec. 2024 was HK$24,321 Mil. Midea Group Co's Revenue for the
three
months ended in Dec. 2024 was HK$94,739 Mil. Therefore, Midea Group Co's Gross Margin % for the quarter that ended in Dec. 2024 was 25.67%.
Midea Group Co had a gross margin of 25.67% for the quarter that ended in Dec. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Midea Group Co was 29.16%. The lowest was 22.96%. And the median was 26.19%.
Midea Group Co Gross Profit Historical Data
The historical data trend for Midea Group 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.
Competitive Comparison of Midea Group Co's Gross Profit
For the Furnishings, Fixtures & Appliances subindustry, Midea Group 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.
Midea Group Co's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Midea Group Co's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$118,627 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Midea Group Co (HKSE:00300) 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
Midea Group Co had a gross margin of 25.67% for the quarter that ended in Dec. 2024 => Competition eroding margins
Midea Group Co Gross Profit Related Terms
Thank you for viewing the detailed overview of Midea Group Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside of China.
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