KRP Development Holdings (HKSE:02421) Gross Profit : HK$259.8 Mil (TTM As of Sep. 2023)

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What is KRP Development Holdings Gross Profit?

KRP Development Holdings's gross profit for the six months ended in Sep. 2023 was HK$74.7 Mil. KRP Development Holdings's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was HK$259.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. KRP Development Holdings's gross profit for the six months ended in Sep. 2023 was HK$74.7 Mil. KRP Development Holdings's Revenue for the six months ended in Sep. 2023 was HK$109.7 Mil. Therefore, KRP Development Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was 68.16%.

KRP Development Holdings had a gross margin of 68.16% for the quarter that ended in Sep. 2023 => Durable competitive advantage

During the past 4 years, the highest Gross Margin % of KRP Development Holdings was 75.69%. The lowest was 70.41%. And the median was 73.22%.

KRP Development Holdings Gross Profit Historical Data

The historical data trend for KRP Development 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.

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KRP Development Holdings Gross Profit Chart

KRP Development Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Gross Profit

386.04

512.03

723.76

588.78

KRP Development Holdings Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Profit	Get a 7-Day Free Trial			326.77	389.44	396.34	185.09	74.74

Competitive Comparison of KRP Development Holdings's Gross Profit

For the Real Estate - Development subindustry, KRP Development 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.

KRP Development Holdings's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, KRP Development Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where KRP Development Holdings's Gross Profit falls into.

KRP Development Holdings Gross Profit Calculation

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

KRP Development Holdings's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as

Gross Profit (A: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	798.152	-	209.369
	=	588.8

KRP Development Holdings's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	109.656	-	34.912
	=	74.7

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$259.8 Mil.

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

KRP Development Holdings's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	74.7	/	109.656
	=	68.16 %

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.

KRP Development Holdings (HKSE:02421) 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

KRP Development Holdings had a gross margin of 68.16% for the quarter that ended in Sep. 2023 => Durable competitive advantage

KRP Development Holdings Gross Profit Related Terms

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KRP Development Holdings (HKSE:02421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KRP Development Holdings Ltd (HKSE:02421) » Definitions » Gross Profit

Traded in Other Exchanges

N/A

Address

611–619 Castle Peak Road, Block C, 9th Floor, Southeast Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.krpd.com.hk

KRP Development Holdings Ltd is a boutique residential property developer, It is principally engaged in development and sales of residential properties in the fast-developing residential markets in Dongguan, Huizhou and Foshan. It has developed two product series for homebuyers, namely, Villas series, targeting middle income and move-up homebuyers, and Mansion, targeting first-time homebuyers and retirees.

Executives

Tmf (b.v.i.) Ltd.	2201 Interest of corporation controlled by you
New Sense Enterprises Limited	2101 Beneficial owner
Castfast Properties Development Co., Limited	2101 Beneficial owner
Honford Investments Limited	2201 Interest of corporation controlled by you
The Wedding City Co. Limited	2101 Beneficial owner
Ho Cheuk Fai	2201 Interest of corporation controlled by you
Ho Po Chu	2201 Interest of corporation controlled by you
Ho Cheuk Ming	2201 Interest of corporation controlled by you

KRP Development Holdings (HKSE:02421) Headlines

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