CIMC Enric Holdings's gross profit for the
six
months ended in Jun. 2024 was €209 Mil. CIMC Enric Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was €460 Mil.
CIMC Enric Holdings had a gross margin of 14.25% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of CIMC Enric Holdings was 18.84%. The lowest was 14.69%. And the median was 17.08%.
Warning Sign:
CIMC Enric Holdings Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
CIMC Enric Holdings Gross Profit Historical Data
The historical data trend for CIMC Enric Holdings'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 CIMC Enric Holdings's Gross Profit
For the Oil & Gas Equipment & Services subindustry, CIMC Enric Holdings'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.
CIMC Enric Holdings's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CIMC Enric Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where CIMC Enric Holdings's Gross Profit falls into.
CIMC Enric Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
CIMC Enric Holdings's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 €460 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.
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
CIMC Enric Holdings had a gross margin of 14.25% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
CIMC Enric Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of CIMC Enric Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.
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