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Howkingtech International Holding (HKSE:02440) Gross Profit : HK$91.7 Mil (TTM As of Jun. 2023)


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What is Howkingtech International Holding Gross Profit?

Howkingtech International Holding's gross profit for the six months ended in Jun. 2023 was HK$29.8 Mil. Howkingtech International Holding's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was HK$91.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Howkingtech International Holding's gross profit for the six months ended in Jun. 2023 was HK$29.8 Mil. Howkingtech International Holding's Revenue for the six months ended in Jun. 2023 was HK$193.3 Mil. Therefore, Howkingtech International Holding's Gross Margin % for the quarter that ended in Jun. 2023 was 15.39%.

Howkingtech International Holding had a gross margin of 15.39% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

During the past 5 years, the highest Gross Margin % of Howkingtech International Holding was 45.00%. The lowest was 19.03%. And the median was 40.95%.

Howkingtech International Holding Gross Profit Historical Data

The historical data trend for Howkingtech International Holding'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.

Howkingtech International Holding Gross Profit Chart

Howkingtech International Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
40.50 60.91 96.49 106.70 91.69

Howkingtech International Holding Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Profit Get a 7-Day Free Trial - 35.05 73.31 29.75 61.93

Competitive Comparison of Howkingtech International Holding's Gross Profit

For the Telecom Services subindustry, Howkingtech International Holding'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.

Howkingtech International Holding's Gross Profit Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Howkingtech International Holding's Gross Profit distribution charts can be found below:

* The bar in red indicates where Howkingtech International Holding's Gross Profit falls into.


Howkingtech International Holding Gross Profit Calculation

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

Howkingtech International Holding's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )=Revenue - Cost of Goods Sold
=361.775 - 255.073
=106.7

Howkingtech International Holding's Gross Profit for the quarter that ended in Jun. 2023 is calculated as

Gross Profit (Q: Jun. 2023 )=Revenue - Cost of Goods Sold
=193.319 - 163.565
=29.8

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$91.7 Mil.

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

Howkingtech International Holding's Gross Margin % for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )=Gross Profit (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=29.8 / 193.319
=15.39 %

* 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.

Howkingtech International Holding  (HKSE:02440) 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

Howkingtech International Holding had a gross margin of 15.39% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

Howkingtech International Holding Gross Profit Related Terms

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Howkingtech International Holding (HKSE:02440) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Gross Profit
Comparable Companies
HKSE:08167 HKSE:08645 HKSE:01723 HKSE:00524 HKSE:08337 SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL TSE:9433 HKSE:00728 CHTR TSE:9984 TSE:9434 AMX B SAU:7010
Traded in Other Exchanges
N/A
Address
No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN
Website
http://www.howkingtech.com
Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.
Executives
Wang Zheshi 2101 Beneficial owner
Chen Ping 2202 Interest of your spouse
Howkingtech Holding Limited 2101 Beneficial owner
Jin Yan 2201 Interest of corporation controlled by you
Ban Lifeng 2201 Interest of corporation controlled by you
Xie Xiongqing 2201 Interest of corporation controlled by you
Ye Xiang 2201 Interest of corporation controlled by you
Ding Di 2201 Interest of corporation controlled by you
Wu Chak Man 2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you

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