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Kidztech Holdings (HKSE:06918) Gross Profit : HK$19.7 Mil (TTM As of Jun. 2024)


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What is Kidztech Holdings Gross Profit?

Kidztech Holdings's gross profit for the six months ended in Jun. 2024 was HK$9.3 Mil. Kidztech Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was HK$19.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Kidztech Holdings's gross profit for the six months ended in Jun. 2024 was HK$9.3 Mil. Kidztech Holdings's Revenue for the six months ended in Jun. 2024 was HK$54.4 Mil. Therefore, Kidztech Holdings's Gross Margin % for the quarter that ended in Jun. 2024 was 17.03%.

Kidztech Holdings had a gross margin of 17.03% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 9 years, the highest Gross Margin % of Kidztech Holdings was 39.61%. The lowest was 8.40%. And the median was 34.08%.

Warning Sign:

Kidztech Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -20.6%.


Kidztech Holdings Gross Profit Historical Data

The historical data trend for Kidztech 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.

Kidztech Holdings Gross Profit Chart

Kidztech Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Profit
Get a 7-Day Free Trial Premium Member Only 118.74 98.91 31.64 16.44 19.57

Kidztech Holdings Semi-Annual Data
Dec16 Dec17 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 17.11 9.63 6.80 9.26 10.40

Competitive Comparison of Kidztech Holdings's Gross Profit

For the Leisure subindustry, Kidztech 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.


Kidztech Holdings's Gross Profit Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kidztech Holdings's Gross Profit distribution charts can be found below:

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


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Kidztech Holdings Gross Profit Calculation

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

Kidztech 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
=143.732 - 127.297
=16.4

Kidztech 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
=54.353 - 45.098
=9.3

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$19.7 Mil.

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

Kidztech 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
=9.3 / 54.353
=17.03 %

* 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.


Kidztech Holdings  (HKSE:06918) 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

Kidztech Holdings had a gross margin of 17.03% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage


Kidztech Holdings Gross Profit Related Terms

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Kidztech Holdings Business Description

Traded in Other Exchanges
N/A
Address
Chengyanggang Road, Ancheng Highway, Lianxia Town, Chenghai District, Guangdong Province, Shantou, CHN
Kidztech Holdings Ltd is a smart interactive entertainment product provider. The company designs, develops, manufactures, and sells smart toy vehicles, smart interactive toys, and traditional toys. It sells its products to retail customers mainly comprised of multinational and national retailers operating mass-market retail chain stores, including both comprehensive retailers and toy specialty retailers. The products are sold under the Kidztech brand. The sale of Smart toy vehicles derives key revenue for the firm. The company earns the majority of its revenue from Hong Kong.
Executives
Chen Cheng 2202 Interest of your spouse
Yu Huang 2201 Interest of corporation controlled by you
Top Synergy T&c Limited 2101 Beneficial owner
Renxiang Technology Company Limited 2101 Beneficial owner
Chen Yirui 2201 Interest of corporation controlled by you
Gold-face Finance Limited 2106 Person having a security interest in shares
Upbest Group Limited 2201 Interest of corporation controlled by you
Top Synergy Y&c Limited 2101 Beneficial owner
Wu Xiongbin 2201 Interest of corporation controlled by you
Motivational Mathematics Limited 2101 Beneficial owner
He Jingxing 2201 Interest of corporation controlled by you
Chen Chongjian 2201 Interest of corporation controlled by you
Charming Flair Limited 2101 Beneficial owner
Gold-face Finance Limited 2106 Person having a security interest in shares
Zheng Jingyun

Kidztech Holdings Headlines

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