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Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) Gross Profit : HK$31 Mil (TTM As of Jun. 2024)


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What is Green Future Food Hydrocolloid Marine Science Co Gross Profit?

Green Future Food Hydrocolloid Marine Science Co's gross profit for the six months ended in Jun. 2024 was HK$106 Mil. Green Future Food Hydrocolloid Marine Science Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$31 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Green Future Food Hydrocolloid Marine Science Co's gross profit for the six months ended in Jun. 2024 was HK$106 Mil. Green Future Food Hydrocolloid Marine Science Co's Revenue for the six months ended in Jun. 2024 was HK$494 Mil. Therefore, Green Future Food Hydrocolloid Marine Science Co's Gross Margin % for the quarter that ended in Jun. 2024 was 21.53%.

Green Future Food Hydrocolloid Marine Science Co had a gross margin of 21.53% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 8 years, the highest Gross Margin % of Green Future Food Hydrocolloid Marine Science Co was 27.23%. The lowest was 2.76%. And the median was 24.30%.

Warning Sign:

Green Future Food Hydrocolloid Marine Science Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -25.6%.


Green Future Food Hydrocolloid Marine Science Co Gross Profit Historical Data

The historical data trend for Green Future Food Hydrocolloid Marine Science 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.

Green Future Food Hydrocolloid Marine Science Co Gross Profit Chart

Green Future Food Hydrocolloid Marine Science Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 251.64 190.69 270.67 428.96 41.17

Green Future Food Hydrocolloid Marine Science Co Semi-Annual Data
Dec16 Dec17 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 229.07 210.73 116.10 -74.93 106.41

Competitive Comparison of Green Future Food Hydrocolloid Marine Science Co's Gross Profit

For the Farm Products subindustry, Green Future Food Hydrocolloid Marine Science 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.


Green Future Food Hydrocolloid Marine Science Co's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Green Future Food Hydrocolloid Marine Science Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Green Future Food Hydrocolloid Marine Science Co's Gross Profit falls into.



Green Future Food Hydrocolloid Marine Science Co Gross Profit Calculation

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

Green Future Food Hydrocolloid Marine Science 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
=1284.087 - 1242.916
=41

Green Future Food Hydrocolloid Marine Science 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
=494.15 - 387.737
=106

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 HK$31 Mil.

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

Green Future Food Hydrocolloid Marine Science 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
=106 / 494.15
=21.53 %

* 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.


Green Future Food Hydrocolloid Marine Science Co  (HKSE:01084) 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

Green Future Food Hydrocolloid Marine Science Co had a gross margin of 21.53% for the quarter that ended in Jun. 2024 => Competition eroding margins


Green Future Food Hydrocolloid Marine Science Co Gross Profit Related Terms

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Green Future Food Hydrocolloid Marine Science Co Business Description

Traded in Other Exchanges
N/A
Address
169 Electric Road, Flat A, 16th Floor, North Point, Hong Kong, HKG
Green Future Food Hydrocolloid Marine Science Co Ltd is engaged in manufacturing and sales of food manufacturing hydrocolloid products including carrageenan products, agar-agar products, blended products, and konjac products in the People's Republic of China and overseas. Its segments include Manufacturing and sales of agar-agar products; Manufacturing and sales of carrageenan; Manufacturing and sales of konjac products; Manufacturing and sales of blended products; and Others such as sales of milk powder. Its operations are spread across China, Europe, Asia (excluding China), South America, North America, Africa and Oceania.
Executives
Guo Songsen 2401 A concert party to an agreement to buy shares
Qiu Qiaoya 2202 Interest of your spouse
She Pin Pin 2202 Interest of your spouse
Li Shun Ching Louisa 2202 Interest of your spouse
Chan Shui Yip 2401 A concert party to an agreement to buy shares
Chan Kam Chung 2401 A concert party to an agreement to buy shares
Wu Biling 2202 Interest of your spouse
Winning Path Trading Company Limited 2401 A concert party to an agreement to buy shares
Strong Achievement (bvi) Investment Company Limited 2401 A concert party to an agreement to buy shares
Cos Kreation Investment Development Company Limited 2401 A concert party to an agreement to buy shares
Guo Yuansuo 2401 A concert party to an agreement to buy shares
Guo Songsen 2401 A concert party to an agreement to buy shares
Guo Dongxu 2401 A concert party to an agreement to buy shares
Guo Donghuang 2401 A concert party to an agreement to buy shares
Green Forest (bvi) Investment Company Limited 2401 A concert party to an agreement to buy shares

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