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Xilinmen Furniture Co (SHSE:603008) Gross Profit : ¥3,096 Mil (TTM As of Mar. 2024)


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What is Xilinmen Furniture Co Gross Profit?

Xilinmen Furniture Co's gross profit for the three months ended in Mar. 2024 was ¥589 Mil. Xilinmen Furniture Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ¥3,096 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Xilinmen Furniture Co's gross profit for the three months ended in Mar. 2024 was ¥589 Mil. Xilinmen Furniture Co's Revenue for the three months ended in Mar. 2024 was ¥1,761 Mil. Therefore, Xilinmen Furniture Co's Gross Margin % for the quarter that ended in Mar. 2024 was 33.46%.

Xilinmen Furniture Co had a gross margin of 33.46% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Xilinmen Furniture Co was 39.61%. The lowest was 28.84%. And the median was 34.54%.


Xilinmen Furniture Co Gross Profit Historical Data

The historical data trend for Xilinmen Furniture 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.

Xilinmen Furniture Co Gross Profit Chart

Xilinmen Furniture 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 1,692.98 1,898.36 2,487.03 2,539.87 2,982.35

Xilinmen Furniture 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 475.31 865.02 736.41 905.62 589.20

Competitive Comparison of Xilinmen Furniture Co's Gross Profit

For the Furnishings, Fixtures & Appliances subindustry, Xilinmen Furniture 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.


Xilinmen Furniture Co's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Xilinmen Furniture Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Xilinmen Furniture Co's Gross Profit falls into.



Xilinmen Furniture Co Gross Profit Calculation

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

Xilinmen Furniture 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
=8678.354 - 5696.002
=2,982

Xilinmen Furniture 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
=1761.132 - 1171.933
=589

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 ¥3,096 Mil.

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

Xilinmen Furniture 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
=589 / 1761.132
=33.46 %

* 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.


Xilinmen Furniture Co  (SHSE:603008) 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

Xilinmen Furniture Co had a gross margin of 33.46% for the quarter that ended in Mar. 2024 => Competition eroding margins


Xilinmen Furniture Co Gross Profit Related Terms

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Xilinmen Furniture Co (SHSE:603008) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Second Ring Road, Xilinmen Industrial Park, Zhejiang Province, Shaoxing City, CHN, 312001
Xilinmen Furniture Co Ltd is a China based company engaged in manufacturing of mattresses, soft beds and related products.

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