Humm Group's gross profit for the
six
months ended in Dec. 2023 was $20.0 Mil. Humm Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $315.3 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Humm Group's gross profit for the
six
months ended in Dec. 2023 was $20.0 Mil. Humm Group's Revenue for the
six
months ended in Dec. 2023 was $29.4 Mil. Therefore, Humm Group's Gross Margin % for the quarter that ended in Dec. 2023 was 68.11%.
Humm Group had a gross margin of 68.11% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Humm Group was 99.36%. The lowest was 93.41%. And the median was 96.04%.
Warning Sign:
Humm Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.1%.
Humm Group Gross Profit Historical Data
The historical data trend for Humm Group'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 Humm Group's Gross Profit
For the Credit Services subindustry, Humm Group'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.
Humm Group's Gross Profit Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Humm Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Humm Group's Gross Profit falls into.
Humm Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Humm Group's Gross Profit for the fiscal year that ended in Jun. 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 $315.3 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.
Humm Group (OTCPK:HUMGF) 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
Humm Group had a gross margin of 68.11% for the quarter that ended in Dec. 2023 => Durable competitive advantage
Humm Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Humm Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Humm is a diversified finance provider with offerings centered on buy now pay later, or BNPL, credit cards and equipment finance. It facilitates purchases for over 2.7 million customers. Humm operates in Australia, New Zealand, Ireland, and Canada. While it caters for a diverse range of industries, its focus is on financing higher ticket items. Unlike the glut of new BNPL firms, Humm is established with a long operating history. Originally Flexigroup, Humm had a strategic refresh in 2019 where it has now consolidated to around four main brands in ANZ, from 20 before. In its earlier days, Humm focused on Visa and interest-free cards, lay-by, consumer leasing, commercial finance, and other payment solutions to consumers and small businesses.
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