Fosun Tourism Group's gross profit for the
six
months ended in Jun. 2024 was HK$3,452 Mil. Fosun Tourism Group's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$6,207 Mil.
Fosun Tourism Group had a gross margin of 34.06% for the quarter that ended in Jun. 2024 => Competition eroding margins
During the past 9 years, the highestGross Margin % of Fosun Tourism Group was 32.62%. The lowest was 23.23%. And the median was 28.96%.
Fosun Tourism Group Gross Profit Historical Data
The historical data trend for Fosun Tourism Group'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 Fosun Tourism Group's Gross Profit
For the Resorts & Casinos subindustry, Fosun Tourism Group'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.
Fosun Tourism Group's Gross Profit Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Fosun Tourism Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Fosun Tourism Group's Gross Profit falls into.
Fosun Tourism Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Fosun Tourism Group'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 semi-annually data reported by the company within the most recent 12 months, which was HK$6,207 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.
Fosun Tourism Group (HKSE:01992) 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
Fosun Tourism Group had a gross margin of 34.06% for the quarter that ended in Jun. 2024 => Competition eroding margins
Fosun Tourism Group Gross Profit Related Terms
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Fosun Tourism Group is predominantly engaged in providing pioneering and family-focused tourism and leisure solutions. The company is organized into business units based on its products and services and has four reportable operating segments; Club Med and others, Atlantis Sanya, Vacation asset management center segment, and Foryou Club and other services segment. Club Med and others segment that generates key revenue consists of the Club Med resort operation business and other relevant businesses such as transportation service, resort construction service, youth play, and learning service. Geographically, the company generates a majority of its revenue from its businesses in Europe, Middle East and Africa followed by Asia Pacific, and America.
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