Tiger Brands (JSE:TBS) Gross Profit : R10,340 Mil (TTM As of Sep. 2023)

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What is Tiger Brands Gross Profit?

Tiger Brands's gross profit for the six months ended in Sep. 2023 was R5,099 Mil. Tiger Brands's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was R10,340 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tiger Brands's gross profit for the six months ended in Sep. 2023 was R5,099 Mil. Tiger Brands's Revenue for the six months ended in Sep. 2023 was R18,008 Mil. Therefore, Tiger Brands's Gross Margin % for the quarter that ended in Sep. 2023 was 28.31%.

Tiger Brands had a gross margin of 28.31% for the quarter that ended in Sep. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Tiger Brands was 33.77%. The lowest was 27.66%. And the median was 31.74%.

Warning Sign:

Tiger Brands Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.9%.

Tiger Brands Gross Profit Historical Data

The historical data trend for Tiger Brands'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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Tiger Brands Gross Profit Chart

Tiger Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Profit

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9,104.20

8,958.70

8,810.20

10,315.80

10,340.30

Tiger Brands Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Profit	Get a 7-Day Free Trial															3,779.30	4,887.80	5,428.00	5,241.50	5,098.80

Competitive Comparison of Tiger Brands's Gross Profit

For the Packaged Foods subindustry, Tiger Brands'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.

Tiger Brands's Gross Profit Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tiger Brands's Gross Profit distribution charts can be found below:

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

Tiger Brands Gross Profit Calculation

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

Tiger Brands's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

Gross Profit (A: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	37388.5	-	27048.2
	=	10,340

Tiger Brands's Gross Profit for the quarter that ended in Sep. 2023 is calculated as

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	18007.9	-	12909.1
	=	5,099

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R10,340 Mil.

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

Tiger Brands's Gross Margin % for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	5,099	/	18007.9
	=	28.31 %

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.

Tiger Brands (JSE:TBS) 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

Tiger Brands had a gross margin of 28.31% for the quarter that ended in Sep. 2023 => Competition eroding margins

Tiger Brands Gross Profit Related Terms

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Tiger Brands (JSE:TBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tiger Brands Ltd (JSE:TBS) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

TBLMY:USA TBLMF:USA UG5A:Germany

Address

3010 William Nicol Drive, P.O. Box 78056, Bryanston, Sandton, Johannesburg, GT, ZAF, 2146

Website

https://www.tigerbrands.com

Tiger Brands Ltd is an African manufacturer of branded food, home-care, and personal-care products. Present in 22 African countries, the company also has global distribution in the rest of the world: Germany, the United Kingdom, Sweden, Ireland, Canada, Sweden, the Philippines, Singapore, and Taiwan, among others. The product offering includes perishables, personal-care products, home-care products, snacks, baby care, beverages, grains, groceries, and out-of-home meals. The company reports under the following segments: grains, consumer brands, Home, Personal Care and Baby (HPCB), and export and international. The Grains segment is the largest segment. Some of the best-known brands are Oros, Hall's, Rose's, Ace, Albany, Purity, Ice Cap, Hugo's, and All Good.

Tiger Brands (JSE:TBS) Headlines

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