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Philippine Racing Club (PHS:PRC) Gross Profit : ₱346.6 Mil (TTM As of Jun. 2024)


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What is Philippine Racing Club Gross Profit?

Philippine Racing Club's gross profit for the three months ended in Jun. 2024 was ₱13.4 Mil. Philippine Racing Club's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was ₱346.6 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Philippine Racing Club's gross profit for the three months ended in Jun. 2024 was ₱13.4 Mil. Philippine Racing Club's Revenue for the three months ended in Jun. 2024 was ₱19.5 Mil. Therefore, Philippine Racing Club's Gross Margin % for the quarter that ended in Jun. 2024 was 68.61%.

Philippine Racing Club had a gross margin of 68.61% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Philippine Racing Club was 92.85%. The lowest was 7.87%. And the median was 70.77%.


Philippine Racing Club Gross Profit Historical Data

The historical data trend for Philippine Racing Club'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.

* Premium members only.

Philippine Racing Club Gross Profit Chart

Philippine Racing Club Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 367.94 121.33 200.62 249.20 384.15

Philippine Racing Club Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.27 343.97 -27.70 16.94 13.38

Competitive Comparison of Philippine Racing Club's Gross Profit

For the Real Estate - Development subindustry, Philippine Racing Club'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.


Philippine Racing Club's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Philippine Racing Club's Gross Profit distribution charts can be found below:

* The bar in red indicates where Philippine Racing Club's Gross Profit falls into.



Philippine Racing Club Gross Profit Calculation

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

Philippine Racing Club'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
=413.728 - 29.58
=384.1

Philippine Racing Club's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=19.495 - 6.119
=13.4

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱346.6 Mil.

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

Philippine Racing Club's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=13.4 / 19.495
=68.61 %

* 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.


Philippine Racing Club  (PHS:PRC) 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

Philippine Racing Club had a gross margin of 68.61% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Philippine Racing Club Gross Profit Related Terms

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Philippine Racing Club Business Description

Traded in Other Exchanges
N/A
Address
Saddle and Clubs Leisure Park, Barangay Sabang, Cavite, Naic, PHL, 1207
Philippine Racing Club Inc is involved in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations. It is also engaged in acquiring and developing real properties including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. The company's reportable segment involves Real Estate Operations, Club Racing Operations, and Leasing and Sale of Food, beverages, and Services. It derives key revenue from the real estate sales activity.

Philippine Racing Club Headlines

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