IHI (IHICY) Gross Profit : $2,589 Mil (TTM As of Sep. 2024)

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What is IHI Gross Profit?

IHI's gross profit for the three months ended in Sep. 2024 was $762 Mil. IHI's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $2,589 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. IHI's gross profit for the three months ended in Sep. 2024 was $762 Mil. IHI's Revenue for the three months ended in Sep. 2024 was $2,863 Mil. Therefore, IHI's Gross Margin % for the quarter that ended in Sep. 2024 was 26.62%.

IHI had a gross margin of 26.62% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of IHI was 23.75%. The lowest was 10.95%. And the median was 17.03%.

Warning Sign:

IHI Corp gross margin has been in long-term decline. The average rate of decline per year is -6.1%.

IHI Gross Profit Historical Data

The historical data trend for IHI'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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IHI Gross Profit Chart

IHI Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Profit

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2,160.29

1,655.71

1,765.99

2,109.80

966.87

IHI Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Profit	Get a 7-Day Free Trial															-756.60	729.06	624.12	473.88	762.25

Competitive Comparison of IHI's Gross Profit

For the Specialty Industrial Machinery subindustry, IHI'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.

IHI's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IHI's Gross Profit distribution charts can be found below:

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

IHI Gross Profit Calculation

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

IHI's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	8827.949	-	7861.08
	=	967

IHI's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	2863.334	-	2101.082
	=	762

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,589 Mil.

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

IHI's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	762	/	2863.334
	=	26.62 %

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.

IHI (OTCPK:IHICY) 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

IHI had a gross margin of 26.62% for the quarter that ended in Sep. 2024 => Competition eroding margins

IHI Gross Profit Related Terms

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IHI Business Description

Industry

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Traded in Other Exchanges

7013:Japan IWJ:Germany

Address

1-1, Toyosu 3-chome, Koto-ku, Tokyo, JPN, 135-8710

Website

http://www.ihi.co.jp

IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.