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Tye Soon (SGX:BFU) Gross Profit : S$56.5 Mil (TTM As of Jun. 2024)


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What is Tye Soon Gross Profit?

Tye Soon's gross profit for the six months ended in Jun. 2024 was S$28.7 Mil. Tye Soon's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was S$56.5 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tye Soon's gross profit for the six months ended in Jun. 2024 was S$28.7 Mil. Tye Soon's Revenue for the six months ended in Jun. 2024 was S$128.5 Mil. Therefore, Tye Soon's Gross Margin % for the quarter that ended in Jun. 2024 was 22.35%.

Tye Soon had a gross margin of 22.35% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Tye Soon was 22.21%. The lowest was 13.31%. And the median was 20.69%.


Tye Soon Gross Profit Historical Data

The historical data trend for Tye Soon'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.

Tye Soon Gross Profit Chart

Tye Soon 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 43.23 42.46 49.65 55.38 55.97

Tye Soon Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 27.30 28.07 28.15 27.82 28.71

Competitive Comparison of Tye Soon's Gross Profit

For the Industrial Distribution subindustry, Tye Soon'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.


Tye Soon's Gross Profit Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Tye Soon's Gross Profit distribution charts can be found below:

* The bar in red indicates where Tye Soon's Gross Profit falls into.



Tye Soon Gross Profit Calculation

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

Tye Soon'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
=254.4 - 198.434
=56.0

Tye Soon's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=128.452 - 99.747
=28.7

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 S$56.5 Mil.

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

Tye Soon'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
=28.7 / 128.452
=22.35 %

* 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.


Tye Soon  (SGX:BFU) 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

Tye Soon had a gross margin of 22.35% for the quarter that ended in Jun. 2024 => Competition eroding margins


Tye Soon Gross Profit Related Terms

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Tye Soon Business Description

Traded in Other Exchanges
N/A
Address
9 Toh Guan Road East, Number 02-01, Singapore, SGP, 608604
Tye Soon Ltd is a Singapore based company engaged in import, export, and distribution of automotive parts. The products of the company are electrical and aircon parts, transmission, chassis and body parts, engine parts, brake parts, fuel range, and others. It has operations in Singapore, Malaysia, Thailand, Indonesia, South Korea, and other countries. It generates key revenue from operations in Malaysia. The company's global brands include Genuine Parts; Mercedes-Benz; Hengst and Mann Filter; GMB and others.

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