MNHVF (Mowi ASA) Gross Profit : $2,701 Mil (TTM As of Sep. 2024)

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What is Mowi ASA Gross Profit?

Mowi ASA's gross profit for the three months ended in Sep. 2024 was $581 Mil. Mowi ASA's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $2,701 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Mowi ASA's gross profit for the three months ended in Sep. 2024 was $581 Mil. Mowi ASA's Revenue for the three months ended in Sep. 2024 was $1,600 Mil. Therefore, Mowi ASA's Gross Margin % for the quarter that ended in Sep. 2024 was 36.33%.

Mowi ASA had a gross margin of 36.33% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Mowi ASA was 65.74%. The lowest was 43.10%. And the median was 49.89%.

Mowi ASA Gross Profit Historical Data

The historical data trend for Mowi ASA'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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Mowi ASA Gross Profit Chart

Mowi ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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2,182.11

1,966.18

2,344.97

2,876.48

2,984.62

Mowi ASA 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															657.20	839.26	707.07	573.84	581.24

Competitive Comparison of Mowi ASA's Gross Profit

For the Farm Products subindustry, Mowi ASA'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.

Mowi ASA's Gross Profit Distribution in the Consumer Packaged Goods Industry

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

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

Mowi ASA Gross Profit Calculation

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

Mowi ASA'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
	=	5974.155	-	2989.531
	=	2,985

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

Gross Profit (Q: Sep. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	1600.111	-	1018.868
	=	581

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 $2,701 Mil.

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

Mowi ASA'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
	=	581	/	1600.111
	=	36.33 %

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.

Mowi ASA (OTCPK:MNHVF) 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

Mowi ASA had a gross margin of 36.33% for the quarter that ended in Sep. 2024 => Competition eroding margins

Mowi ASA Gross Profit Related Terms

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Mowi ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mowi ASA (OTCPK:MNHVF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

MHGVY:USA MOWI:Sweden MOWI:Norway MOWIo:UK 0OAW:UK PND:Germany

Address

Sandviksboder 77A/B, P.O. Box 4102, Bergen, NOR, 5835

Website

https://www.mowi.com

Mowi ASA is a Norway based producer of farmed salmon. It distributes salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The company operates in three reportable segments which are organized as business areas as well that includes Feed, Farming and Sales & Marketing, Fish feed production, comprises our two feed plants in Norway and Scotland. Farming comprises a single operating segment composed of our farming operations in Norway, Scotland, Canada, Chile, Ireland, the Faroe Islands and Iceland, and our Breeding & Genetics programme. Sales & Marketing is composed of two operating segments Markets and Consumer Products.