Tian Chang Group Holdings's gross profit for the
six
months ended in Jun. 2024 was HK$40.7 Mil. Tian Chang Group Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$96.6 Mil.
* 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 Tian Chang Group Holdings's Gross Profit
For the Conglomerates subindustry, Tian Chang Group Holdings'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.
Tian Chang Group Holdings's Gross Profit Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tian Chang Group Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where Tian Chang Group Holdings's Gross Profit falls into.
Tian Chang Group Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Tian Chang Group Holdings'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$96.6 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.
Tian Chang Group Holdings (HKSE:02182) 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
Tian Chang Group Holdings had a gross margin of 17.87% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
Tian Chang Group Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of Tian Chang Group Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Tian Chang Group Holdings Ltd is principally engaged in manufacturing and sales of electronic cigarette products and providing integrated plastic solutions in Hong Kong and in the PRC. It operates in the segments of Integrated plastic solutions segment, Electronic cigarette products segment, and Medical consumable products segment. The E-cigarettes products segment involves the manufacture and sales of e-cigarette products whereas the Integrated plastic solutions segment consists of the manufacture and sales of moulds and plastic products. It derives key revenue from the PRC.
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