Noble Group (Noble Group) Gross Profit : $-970 Mil (TTM As of Sep. 2018)

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What is Noble Group Gross Profit?

Noble Group's gross profit for the three months ended in Sep. 2018 was $49 Mil. Noble Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2018 was $-970 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Noble Group's gross profit for the three months ended in Sep. 2018 was $49 Mil. Noble Group's Revenue for the three months ended in Sep. 2018 was $1,210 Mil. Therefore, Noble Group's Gross Margin % for the quarter that ended in Sep. 2018 was 4.07%.

Noble Group had a gross margin of 4.07% for the quarter that ended in Sep. 2018 => No sustainable competitive advantage

Noble Group Gross Profit Historical Data

The historical data trend for Noble Group'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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Noble Group Gross Profit Chart

Noble Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Gross Profit

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1,584.33

1,490.84

115.03

512.18

-2,446.03

Noble Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Gross Profit	Get a 7-Day Free Trial															-18.71	-1,045.14	-44.36	70.33	49.23

Competitive Comparison of Noble Group's Gross Profit

For the Conglomerates subindustry, Noble Group'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.

Noble Group's Gross Profit Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noble Group's Gross Profit distribution charts can be found below:

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

Noble Group Gross Profit Calculation

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

Noble Group's Gross Profit for the fiscal year that ended in Dec. 2017 is calculated as

Gross Profit (A: Dec. 2017 )	=	Revenue	-	Cost of Goods Sold
	=	6433.788	-	8879.817
	=	-2,446

Noble Group's Gross Profit for the quarter that ended in Sep. 2018 is calculated as

Gross Profit (Q: Sep. 2018 )	=	Revenue	-	Cost of Goods Sold
	=	1209.987	-	1160.755
	=	49

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-970 Mil.

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

Noble Group's Gross Margin % for the quarter that ended in Sep. 2018 is calculated as

Gross Margin % (Q: Sep. 2018 )	=	Gross Profit (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	49	/	1209.987
	=	4.07 %

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.

Noble Group (OTCPK:NOBGF) 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

Noble Group had a gross margin of 4.07% for the quarter that ended in Sep. 2018 => No sustainable competitive advantage

Noble Group Gross Profit Related Terms

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Noble Group (Noble Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Noble Group Ltd (OTCPK:NOBGF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Gloucester Road, 18th Floor, Mass Mutual Tower, China Evergrande Centre, Hong Kong, HKG

Website

http://www.thisisnoble.com

Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.

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