Asia Cork's gross profit for the
six
months ended in Dec. 2010 was €6.38 Mil. Asia Cork's gross profit for the trailing twelve months (TTM) ended in Dec. 2010 was €6.38 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Asia Cork's gross profit for the
six
months ended in Dec. 2010 was €6.38 Mil. Asia Cork's Revenue for the
six
months ended in Dec. 2010 was €21.98 Mil. Therefore, Asia Cork's Gross Margin % for the quarter that ended in Dec. 2010 was 29.03%.
Asia Cork had a gross margin of 29.03% for the quarter that ended in Dec. 2010 => Competition eroding margins
Asia Cork Gross Profit Historical Data
The historical data trend for Asia Cork'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.
Competitive Comparison of Asia Cork's Gross Profit
For the Furnishings, Fixtures & Appliances subindustry, Asia Cork'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.
Asia Cork's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Asia Cork's Gross Profit distribution charts can be found below:
* The bar in red indicates where Asia Cork's Gross Profit falls into.
Asia Cork Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Asia Cork's Gross Profit for the fiscal year that ended in Dec. 2010 is calculated as
For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Dec. 2010 was €6.38 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Asia Cork (STU:6A3) 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
Asia Cork had a gross margin of 29.03% for the quarter that ended in Dec. 2010 => Competition eroding margins
Asia Cork Gross Profit Related Terms
Thank you for viewing the detailed overview of Asia Cork's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Asia Cork Incorporated formerly known as Hankersen International Corp., was incorporated under the laws of the State of Delaware on August 1, 1996. On July 11, 2008, the Company's wholly owned subsidiary, Asia Cork Inc., was merged into its parent, the Company, in order to change the name of the Company, after approval by the Board of Directors of the Company according to the Delaware General Corporation Law. As permitted by Delaware General Corporation Law, the Company assumed the name of its wholly owned subsidiary following the merger and now operates under the name Asia Cork Inc. The Company through its subsidiaries is engaged in the development, manufacture and distribution of cork products including cork wood floor, wall and decorating materials. It produces approximately seven series of cork flooring planks with over approximately 50 different patterns, colors and granules. It produces approximately 16 types of cork wallboard and approximately three types of cork art crafts with different patterns. It products include Cork Granule, Cork Sheet and Roll, Glue-down Floor, Floating Floor, Cork Wallboard and Basic Board. All these products utilize staining technology to create different colors. Its cork art crafts include ornaments and decorations. Wallboard could also be used as decorative material. It also sells semi-finished cork products to other manufacturers which use cork granule and sheet roll as raw materials. Cork granule comes in varies sizes and is the early stage of cork material processing. It sells its products directly to customers in China through its own sales team, and it distributes its products to customers overseas through unrelated distributors and sales agents. The countries in which its products were distributed through these sales agents include India, the United States of America, Germany and Japan. The Company competes with Portugal cork manufacturers as its major product is cork stopper used for wine bottles, which usually accounts for one third of its total sales and even higher percentage of profit. Domestically, the Company competes with local mid-sized cork manufacturers. These companies' products are semi-finished cork boards, sheets and roles.
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