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PT Soechi Lines Tbk (ISX:SOCI) Gross Profit : Rp583,885 Mil (TTM As of Mar. 2024)


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What is PT Soechi Lines Tbk Gross Profit?

PT Soechi Lines Tbk's gross profit for the three months ended in Mar. 2024 was Rp150,398 Mil. PT Soechi Lines Tbk's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was Rp583,885 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. PT Soechi Lines Tbk's gross profit for the three months ended in Mar. 2024 was Rp150,398 Mil. PT Soechi Lines Tbk's Revenue for the three months ended in Mar. 2024 was Rp592,144 Mil. Therefore, PT Soechi Lines Tbk's Gross Margin % for the quarter that ended in Mar. 2024 was 25.40%.

PT Soechi Lines Tbk had a gross margin of 25.40% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 11 years, the highest Gross Margin % of PT Soechi Lines Tbk was 40.25%. The lowest was 22.72%. And the median was 33.35%.

Warning Sign:

PT Soechi Lines Tbk gross margin has been in long-term decline. The average rate of decline per year is -7.7%.


PT Soechi Lines Tbk Gross Profit Historical Data

The historical data trend for PT Soechi Lines Tbk'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.

PT Soechi Lines Tbk Gross Profit Chart

PT Soechi Lines Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 713,205.41 509,529.34 510,815.90 641,888.23 595,226.90

PT Soechi Lines Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 154,325.36 180,462.29 124,270.08 128,754.37 150,398.43

Competitive Comparison of PT Soechi Lines Tbk's Gross Profit

For the Marine Shipping subindustry, PT Soechi Lines Tbk'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.


PT Soechi Lines Tbk's Gross Profit Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Soechi Lines Tbk's Gross Profit distribution charts can be found below:

* The bar in red indicates where PT Soechi Lines Tbk's Gross Profit falls into.



PT Soechi Lines Tbk Gross Profit Calculation

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

PT Soechi Lines Tbk'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
=2620163.81 - 2024936.91
=595,227

PT Soechi Lines Tbk's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=592143.702 - 441745.276
=150,398

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp583,885 Mil.

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

PT Soechi Lines Tbk's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=150,398 / 592143.702
=25.40 %

* 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.


PT Soechi Lines Tbk  (ISX:SOCI) 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

PT Soechi Lines Tbk had a gross margin of 25.40% for the quarter that ended in Mar. 2024 => Competition eroding margins


PT Soechi Lines Tbk Gross Profit Related Terms

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PT Soechi Lines Tbk (ISX:SOCI) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Jend Sudirman Kav. 86, Sahid Sudirman Center 51st Floor, Jakarta Pusat, Jakarta, IDN, 10220
PT Soechi Lines Tbk is an Indonesian shipping services provider. The company, through its subsidiaries, provides marine transportation services to supply chain lines of oil and gas companies. Its services flow through two segments, the Shipping business segment in which the Company charters out its various types of tanker vessels of various sizes to oil and gas companies and chemical companies operating in Indonesia, and the Shipyard business segment in which the Company provides ship building services as well as ship dry docking and repair and maintenance services to various ship owners mainly in Indonesia.

PT Soechi Lines Tbk (ISX:SOCI) Headlines

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