Hove A/S (OCSE:HOVE) Gross Profit : kr50.6 Mil (TTM As of Dec. 2023)

Hove A/S Gross Profit Chart

Competitive Comparison of Hove A/S's Gross Profit

For the Specialty Chemicals subindustry, Hove A/S'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.

Hove A/S's Gross Profit Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hove A/S's Gross Profit distribution charts can be found below:

* The bar in red indicates where Hove A/S's Gross Profit falls into.

Hove A/S Gross Profit Calculation

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

Hove A/S's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Hove A/S's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr50.6 Mil.

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

Hove A/S's Gross Margin % for the quarter that ended in Dec. 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.

Hove A/S  (OCSE:HOVE) 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

Hove A/S had a gross margin of 23.63% for the quarter that ended in Dec. 2023 => Competition eroding margins

Hove A/S Gross Profit Related Terms

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Hove A/S (OCSE:HOVE) Business Description