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MCARY (Mercari) Gross Profit : $847 Mil (TTM As of Jun. 2024)


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What is Mercari Gross Profit?

Mercari's gross profit for the three months ended in Jun. 2024 was $202 Mil. Mercari's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $847 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Mercari's gross profit for the three months ended in Jun. 2024 was $202 Mil. Mercari's Revenue for the three months ended in Jun. 2024 was $295 Mil. Therefore, Mercari's Gross Margin % for the quarter that ended in Jun. 2024 was 68.51%.

Mercari had a gross margin of 68.51% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 9 years, the highest Gross Margin % of Mercari was 93.59%. The lowest was 64.70%. And the median was 75.11%.

Warning Sign:

Mercari Inc gross margin has been in long-term decline. The average rate of decline per year is -2.5%.


Mercari Gross Profit Historical Data

The historical data trend for Mercari'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.

Mercari Gross Profit Chart

Mercari Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Profit
Get a 7-Day Free Trial Premium Member Only 516.95 742.93 710.22 806.15 821.80

Mercari 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 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 205.00 234.69 191.21 201.93 219.11

Competitive Comparison of Mercari's Gross Profit

For the Internet Retail subindustry, Mercari'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.


Mercari's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mercari's Gross Profit distribution charts can be found below:

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



Mercari Gross Profit Calculation

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

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

Gross Profit (A: Jun. 2024 )=Revenue - Cost of Goods Sold
=1187.172 - 365.368
=822

Mercari's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=294.749 - 92.817
=202

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $847 Mil.

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

Mercari'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
=202 / 294.749
=68.51 %

* 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.


Mercari  (OTCPK:MCARY) 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

Mercari had a gross margin of 68.51% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Mercari Gross Profit Related Terms

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Mercari Business Description

Traded in Other Exchanges
Address
6 - 10 - 1 Roppongi, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN, 106-6118
Mercari operates the largest C2C secondhand goods trading platform in Japan in Mercari, with over 22 million MAU and over JPY 893 billion gross merchandise value in fiscal year 2022. We estimate that it currently has over 70% market share in the C2C marketplace app market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the US as well. Domestic business roughly accounts for over 95% of its total GMV.

Mercari Headlines

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