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Kam Hing International Holdings (HKSE:02307) Gross Profit : HK$422 Mil (TTM As of Jun. 2024)


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What is Kam Hing International Holdings Gross Profit?

Kam Hing International Holdings's gross profit for the six months ended in Jun. 2024 was HK$198 Mil. Kam Hing International Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$422 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Kam Hing International Holdings's gross profit for the six months ended in Jun. 2024 was HK$198 Mil. Kam Hing International Holdings's Revenue for the six months ended in Jun. 2024 was HK$1,811 Mil. Therefore, Kam Hing International Holdings's Gross Margin % for the quarter that ended in Jun. 2024 was 10.93%.

Kam Hing International Holdings had a gross margin of 10.93% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Kam Hing International Holdings was 15.36%. The lowest was 8.19%. And the median was 12.61%.

Warning Sign:

Kam Hing International Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.1%.


Kam Hing International Holdings Gross Profit Historical Data

The historical data trend for Kam Hing International Holdings'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.

Kam Hing International Holdings Gross Profit Chart

Kam Hing International Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 427.82 558.94 354.29 295.18 422.39

Kam Hing International Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 122.84 153.86 141.32 197.87 224.52

Competitive Comparison of Kam Hing International Holdings's Gross Profit

For the Textile Manufacturing subindustry, Kam Hing International 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.


Kam Hing International Holdings's Gross Profit Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kam Hing International Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Kam Hing International Holdings's Gross Profit falls into.


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Kam Hing International Holdings Gross Profit Calculation

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

Kam Hing International Holdings'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
=3604.357 - 3309.18
=295

Kam Hing International Holdings's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=1810.902 - 1613.029
=198

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$422 Mil.

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

Kam Hing International Holdings'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
=198 / 1810.902
=10.93 %

* 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.


Kam Hing International Holdings  (HKSE:02307) 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

Kam Hing International Holdings had a gross margin of 10.93% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage


Kam Hing International Holdings Gross Profit Related Terms

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Kam Hing International Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Unit A, 23rd Floor, TML Tower, Tsuen Wan, New Territories, Hong Kong, HKG
Kam Hing International Holdings Ltd is a textile manufacturing company. It is engaged in marketing and sales, research and development, production processes including knitting, fabric dyeing, and yarn dyeing, and final processing, such as setting and pre-shrinking. The company's segment based on products and services includes Fabric products, Garment products, and Other segments. Its fabric products segment is involved in the production and sale of knitted fabric and dyed yarn and the provision related to subcontracting services. It generates maximum revenue from the Fabric products segment. Geographically, it derives a majority of its revenue from Korea and has a presence in Mainland China, Vietnam, Hong Kong, Taiwan, Singapore, the United States, and Other Countries.

Kam Hing International Holdings Headlines

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