Mayar Holding Co (SAU:9568) Gross Profit : ﷼55.2 Mil (TTM As of Jun. 2024)

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What is Mayar Holding Co Gross Profit?

Mayar Holding Co's gross profit for the six months ended in Jun. 2024 was ﷼32.1 Mil. Mayar Holding Co's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼55.2 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Mayar Holding Co's gross profit for the six months ended in Jun. 2024 was ﷼32.1 Mil. Mayar Holding Co's Revenue for the six months ended in Jun. 2024 was ﷼205.0 Mil. Therefore, Mayar Holding Co's Gross Margin % for the quarter that ended in Jun. 2024 was 15.66%.

Mayar Holding Co had a gross margin of 15.66% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 2 years, the highest Gross Margin % of Mayar Holding Co was 14.82%. The lowest was 11.50%. And the median was 12.48%.

Mayar Holding Co Gross Profit Historical Data

The historical data trend for Mayar Holding Co'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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Mayar Holding Co Gross Profit Chart

Mayar Holding Co Annual Data

Trend

Dec22

Dec23

Gross Profit

55.71

40.80

Mayar Holding Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Profit	29.45	26.26	17.70	23.11	32.11

Competitive Comparison of Mayar Holding Co's Gross Profit

For the Conglomerates subindustry, Mayar Holding Co'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.

Mayar Holding Co's Gross Profit Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mayar Holding Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Mayar Holding Co's Gross Profit falls into.

Mayar Holding Co Gross Profit Calculation

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

Mayar Holding Co'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
	=	354.959	-	314.155
	=	40.8

Mayar Holding Co's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	205.047	-	172.936
	=	32.1

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼55.2 Mil.

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

Mayar Holding Co'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
	=	32.1	/	205.047
	=	15.66 %

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.

Mayar Holding Co (SAU:9568) 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

Mayar Holding Co had a gross margin of 15.66% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

Mayar Holding Co Gross Profit Related Terms

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Mayar Holding Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

KSA Riyadh Olaya Street, PO Box 55024, Taya Commercial Center, Riyadh, SAU, 11534

Website

https://www.mayar.com.sa

Mayar Holding Co is a Saudi Arabia-based company. It engaged in managing subsidiaries of holding companies owning real estate and movables necessary for holding companies, providing loans, guarantees, and financing for subsidiaries of holding companies, and owning and leasing industrial property rights to subsidiaries of holding companies. It has three reportable segments Elevators and escalators segment, Feed and agriculture, and Plastic segment. The majority of its revenue comes from Feed and agriculture segment which produces compound feed for Poultry, Cattle, Poultry distribution, and sale.

Mayar Holding Co Headlines

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