COSCO SHIPPING Ports's gross profit for the
three
months ended in Jun. 2024 was HK$867 Mil. COSCO SHIPPING Ports's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$3,328 Mil.
COSCO SHIPPING Ports had a gross margin of 29.45% for the quarter that ended in Jun. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of COSCO SHIPPING Ports was 37.22%. The lowest was 23.25%. And the median was 29.59%.
COSCO SHIPPING Ports Gross Profit Historical Data
The historical data trend for COSCO SHIPPING Ports'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 COSCO SHIPPING Ports's Gross Profit
For the Marine Shipping subindustry, COSCO SHIPPING Ports'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.
COSCO SHIPPING Ports's Gross Profit Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, COSCO SHIPPING Ports's Gross Profit distribution charts can be found below:
* The bar in red indicates where COSCO SHIPPING Ports's Gross Profit falls into.
COSCO SHIPPING Ports Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
COSCO SHIPPING Ports's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$3,328 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.
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
COSCO SHIPPING Ports had a gross margin of 29.45% for the quarter that ended in Jun. 2024 => Competition eroding margins
COSCO SHIPPING Ports Gross Profit Related Terms
Thank you for viewing the detailed overview of COSCO SHIPPING Ports's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.
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