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China Mengniu Dairy Co (HKSE:02319) Gross Profit : HK$37,966 Mil (TTM As of Jun. 2024)


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What is China Mengniu Dairy Co Gross Profit?

China Mengniu Dairy Co's gross profit for the six months ended in Jun. 2024 was HK$19,361 Mil. China Mengniu Dairy Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$37,966 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. China Mengniu Dairy Co's gross profit for the six months ended in Jun. 2024 was HK$19,361 Mil. China Mengniu Dairy Co's Revenue for the six months ended in Jun. 2024 was HK$48,090 Mil. Therefore, China Mengniu Dairy Co's Gross Margin % for the quarter that ended in Jun. 2024 was 40.26%.

China Mengniu Dairy Co had a gross margin of 40.26% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of China Mengniu Dairy Co was 37.95%. The lowest was 30.84%. And the median was 36.03%.


China Mengniu Dairy Co Gross Profit Historical Data

The historical data trend for China Mengniu Dairy Co'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.

China Mengniu Dairy Co Gross Profit Chart

China Mengniu Dairy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33,024.90 33,938.08 39,660.39 36,505.16 40,076.16

China Mengniu Dairy Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 20,465.18 17,008.66 21,471.18 18,605.02 19,361.29

Competitive Comparison of China Mengniu Dairy Co's Gross Profit

For the Packaged Foods subindustry, China Mengniu Dairy Co'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.


China Mengniu Dairy Co's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Mengniu Dairy Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where China Mengniu Dairy Co's Gross Profit falls into.



China Mengniu Dairy Co Gross Profit Calculation

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

China Mengniu Dairy Co'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
=107872.894 - 67796.732
=40,076

China Mengniu Dairy Co's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=48089.736 - 28728.448
=19,361

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$37,966 Mil.

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

China Mengniu Dairy Co'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
=19,361 / 48089.736
=40.26 %

* 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.


China Mengniu Dairy Co  (HKSE:02319) 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

China Mengniu Dairy Co had a gross margin of 40.26% for the quarter that ended in Jun. 2024 => Durable competitive advantage


China Mengniu Dairy Co Gross Profit Related Terms

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China Mengniu Dairy Co Business Description

Traded in Other Exchanges
Address
262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG
China Mengniu Dairy is China's second-largest dairy producer by market share. The company produces a broad range of dairy products including liquid milk, yogurt, ice cream, milk formula, and cheese. Liquid milk, composed of milk, milk beverages, and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yoghurt and Yoyi C. Mengniu also owns two infant formula brands, Yashili and Bellamy, as well as Milkground, a cheese brand.
Executives
Ubs Group Ag 2201 Interest of corporation controlled by you
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Blackrock, Inc. 2201 Interest of corporation controlled by you
Mitsubishi Ufj Financial Group, Inc. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Schroders Plc 2102 Investment manager
Citigroup Inc. 2502 Approved lending agent
Cofco Corporation 2201 Interest of corporation controlled by you
Schroders Plc 2102 Investment manager
Zhi Yuan You Xian Gong Si 2501 Other
Cai Quan You Xian Gong Si 2501 Other
Zhong Liang Ru Ye Tou Zi You Xian Gong Si 2501 Other
Zhong Liang Ru Ye Kong Gu You Xian Gong Si 2501 Other

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