Flour Mills Nigeria (NSA:FMNL) Gross Profit : ₦177,103 Mil (TTM As of Mar. 2023)

Flour Mills Nigeria Gross Profit Chart

Flour Mills Nigeria Annual Data
	Trend	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Gross Profit		Get a 7-Day Free Trial					53,347.56	65,787.18	106,757.01	108,090.12	177,102.85

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Gross Profit	Get a 7-Day Free Trial								53,347.56	65,787.18	106,757.01	108,090.12	177,102.85

Competitive Comparison of Flour Mills Nigeria's Gross Profit

For the Packaged Foods subindustry, Flour Mills Nigeria'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.

Flour Mills Nigeria's Gross Profit Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Flour Mills Nigeria's Gross Profit falls into.

Flour Mills Nigeria Gross Profit Calculation

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

Flour Mills Nigeria's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as

Flour Mills Nigeria's Gross Profit for the quarter that ended in Mar. 2023 is calculated as

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Mar. 2023 was ₦177,103 Mil.

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

Flour Mills Nigeria's Gross Margin % for the quarter that ended in Mar. 2023 is calculated as

* 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.

Flour Mills Nigeria  (NSA:FMNL) 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

Flour Mills Nigeria had a gross margin of 11.50% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

Flour Mills Nigeria Gross Profit Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description