Huzhou Gas Co's gross profit for the
six
months ended in Dec. 2023 was HK$164 Mil. Huzhou Gas Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$292 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Huzhou Gas Co's gross profit for the
six
months ended in Dec. 2023 was HK$164 Mil. Huzhou Gas Co's Revenue for the
six
months ended in Dec. 2023 was HK$1,397 Mil. Therefore, Huzhou Gas Co's Gross Margin % for the quarter that ended in Dec. 2023 was 11.71%.
Huzhou Gas Co had a gross margin of 11.71% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 5 years, the highestGross Margin % of Huzhou Gas Co was 17.58%. The lowest was 4.44%. And the median was 13.99%.
Huzhou Gas Co Gross Profit Historical Data
The historical data trend for Huzhou Gas 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.
Competitive Comparison of Huzhou Gas Co's Gross Profit
For the Utilities - Regulated Gas subindustry, Huzhou Gas 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.
Huzhou Gas Co's Gross Profit Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Huzhou Gas Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Huzhou Gas Co's Gross Profit falls into.
Huzhou Gas Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Huzhou Gas Co'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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$292 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.
Huzhou Gas Co (HKSE:06661) 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
Huzhou Gas Co had a gross margin of 11.71% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Huzhou Gas Co Gross Profit Related Terms
Thank you for viewing the detailed overview of Huzhou Gas Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.
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