Affa FoodOG (MUS:SPFI) Gross Profit : ر.ع11.33 Mil (TTM As of Sep. 2023)

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What is Affa FoodOG Gross Profit?

Affa FoodOG's gross profit for the three months ended in Sep. 2023 was ر.ع3.82 Mil. Affa FoodOG's gross profit for the trailing twelve months (TTM) ended in Sep. 2023 was ر.ع11.33 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Affa FoodOG's gross profit for the three months ended in Sep. 2023 was ر.ع3.82 Mil. Affa FoodOG's Revenue for the three months ended in Sep. 2023 was ر.ع12.43 Mil. Therefore, Affa FoodOG's Gross Margin % for the quarter that ended in Sep. 2023 was 30.73%.

Affa FoodOG had a gross margin of 30.73% for the quarter that ended in Sep. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Affa FoodOG was 44.55%. The lowest was 23.13%. And the median was 36.33%.

Warning Sign:

A Saffa Food SAOG gross margin has been in long-term decline. The average rate of decline per year is -9.6%.

Affa FoodOG Gross Profit Historical Data

The historical data trend for Affa FoodOG'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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Affa FoodOG Gross Profit Chart

Affa FoodOG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

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11.08

10.71

10.31

8.75

13.38

Affa FoodOG Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Gross Profit	Get a 7-Day Free Trial															3.44	3.70	4.02	3.50	3.82

Competitive Comparison of Affa FoodOG's Gross Profit

For the Packaged Foods subindustry, Affa FoodOG'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.

Affa FoodOG's Gross Profit Distribution in the Consumer Packaged Goods Industry

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

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

Affa FoodOG Gross Profit Calculation

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

Affa FoodOG's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	56.293	-	42.916
	=	13.38

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

Gross Profit (Q: Sep. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	12.43	-	8.61
	=	3.82

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ع11.33 Mil.

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

Affa FoodOG'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
	=	3.82	/	12.43
	=	30.73 %

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.

Affa FoodOG (MUS:SPFI) 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

Affa FoodOG had a gross margin of 30.73% for the quarter that ended in Sep. 2023 => Competition eroding margins

Affa FoodOG Gross Profit Related Terms

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Affa FoodOG (MUS:SPFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » A Saffa Food SAOG (MUS:SPFI) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 3436, Ruwi, Muscat, OMN, PC 112

Website

https://www.asaffa.com

A Saffa Food SAOG is an Oman-based company engaged in the manufacturing and distribution of poultry meat. In addition, the company, through its subsidiaries is also involved in the manufacturing and distribution of meat, vegetables and fish products. The products offered by the group include frozen chicken, vegetables, seafood range, fruits and fruit pulps, natural and mineral water, and other related products. The company operates in Oman, and international countries, of which the majority of the revenue is generated within Oman.