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BGRIMM Technology Co (SHSE:600980) Gross Profit : ¥246.1 Mil (TTM As of Mar. 2024)


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What is BGRIMM Technology Co Gross Profit?

BGRIMM Technology Co's gross profit for the three months ended in Mar. 2024 was ¥55.4 Mil. BGRIMM Technology Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥246.1 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. BGRIMM Technology Co's gross profit for the three months ended in Mar. 2024 was ¥55.4 Mil. BGRIMM Technology Co's Revenue for the three months ended in Mar. 2024 was ¥201.6 Mil. Therefore, BGRIMM Technology Co's Gross Margin % for the quarter that ended in Mar. 2024 was 27.46%.

BGRIMM Technology Co had a gross margin of 27.46% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of BGRIMM Technology Co was 30.35%. The lowest was 23.17%. And the median was 26.39%.


BGRIMM Technology Co Gross Profit Historical Data

The historical data trend for BGRIMM Technology 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.

* Premium members only.

BGRIMM Technology Co Gross Profit Chart

BGRIMM Technology Co 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 123.94 137.28 227.87 201.86 243.05

BGRIMM Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 52.30 64.12 56.87 69.77 55.38

Competitive Comparison of BGRIMM Technology Co's Gross Profit

For the Other Industrial Metals & Mining subindustry, BGRIMM Technology 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.


BGRIMM Technology Co's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, BGRIMM Technology Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where BGRIMM Technology Co's Gross Profit falls into.



BGRIMM Technology Co Gross Profit Calculation

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

BGRIMM Technology 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
=929.271 - 686.217
=243.1

BGRIMM Technology Co's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=201.623 - 146.248
=55.4

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥246.1 Mil.

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

BGRIMM Technology Co's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=55.4 / 201.623
=27.46 %

* 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.


BGRIMM Technology Co  (SHSE:600980) 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

BGRIMM Technology Co had a gross margin of 27.46% for the quarter that ended in Mar. 2024 => Competition eroding margins


BGRIMM Technology Co Gross Profit Related Terms

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BGRIMM Technology Co (SHSE:600980) Business Description

Traded in Other Exchanges
N/A
Address
No. 188, South Fourth Ring Road West, 4th Floor, Building 23, Area 18, Fengtai District, Beijing, CHN, 100160
BGRIMM Technology Co Ltd, formerly BGRIMM Magnetic Materials & Technology Co Ltd is a China-based company. Its business activities are divided into mining equipment and magnetic materials division. Mining equipment division is engaged in research and development, production, and supporting technical consulting services for mining equipment. Its business scope includes flotation equipment, magnetic separation equipment, ore dressing auxiliary equipment, leaching tanks and other mining and smelting products. Magnetic materials division is engaged in the research and development, production, sales and comprehensive services of magnetic materials and devices. Magnetic material products include sintering permanent magnet ferrite, injection magnetic, and magnetic information recording material.

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