Rimbaco Group Global's gross profit for the
six
months ended in Apr. 2024 was HK$-3.6 Mil. Rimbaco Group Global's gross profit for the trailing twelve months (TTM) ended in Apr. 2024 was HK$30.4 Mil.
Rimbaco Group Global Ltd gross margin has been in long-term decline. The average rate of decline per year is -29.9%.
Rimbaco Group Global Gross Profit Historical Data
The historical data trend for Rimbaco Group Global'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 Rimbaco Group Global's Gross Profit
For the Engineering & Construction subindustry, Rimbaco Group Global'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.
Rimbaco Group Global's Gross Profit Distribution in the Construction Industry
For the Construction industry and Industrials sector, Rimbaco Group Global's Gross Profit distribution charts can be found below:
* The bar in red indicates where Rimbaco Group Global's Gross Profit falls into.
Rimbaco Group Global Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Rimbaco Group Global's Gross Profit for the fiscal year that ended in Oct. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Apr. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$30.4 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.
Rimbaco Group Global (HKSE:01953) 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
Rimbaco Group Global had a gross margin of -1.75% for the quarter that ended in Apr. 2024 => No sustainable competitive advantage
Rimbaco Group Global Gross Profit Related Terms
Thank you for viewing the detailed overview of Rimbaco Group Global's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Rimbaco Group Global Ltd is mainly involved in the building construction industry in Malaysia. It is a Malaysia-based building construction contractor focusing on the provision of building construction services for factories, including low-rise processing facilities and manufacturing plants; institutional, commercial and residential buildings such as private hospitals, hotels, shopping malls, high-rise residential buildings and commercial/residential complex; and infrastructure works. Rimbaco also undertakes small-scale ancillary construction works, including but not limited to renovation works, repair works and electrical works.
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