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MGM China Holdings (STU:M04) Gross Profit : €1,369 Mil (TTM As of Jun. 2024)


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What is MGM China Holdings Gross Profit?

MGM China Holdings's gross profit for the six months ended in Jun. 2024 was €743 Mil. MGM China Holdings's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was €1,369 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. MGM China Holdings's gross profit for the six months ended in Jun. 2024 was €743 Mil. MGM China Holdings's Revenue for the six months ended in Jun. 2024 was €1,929 Mil. Therefore, MGM China Holdings's Gross Margin % for the quarter that ended in Jun. 2024 was 38.52%.

MGM China Holdings had a gross margin of 38.52% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of MGM China Holdings was 38.27%. The lowest was -10.13%. And the median was 32.37%.


MGM China Holdings Gross Profit Historical Data

The historical data trend for MGM China 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.

* Premium members only.

MGM China Holdings Gross Profit Chart

MGM China Holdings 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 893.76 -54.73 178.94 -33.11 1,090.06

MGM China Holdings 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 12.12 -45.30 465.90 625.81 743.15

Competitive Comparison of MGM China Holdings's Gross Profit

For the Resorts & Casinos subindustry, MGM China 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.


MGM China Holdings's Gross Profit Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MGM China Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where MGM China Holdings's Gross Profit falls into.



MGM China Holdings Gross Profit Calculation

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

MGM China Holdings'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
=2898.335 - 1808.278
=1,090

MGM China Holdings's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=1929.13 - 1185.979
=743

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 €1,369 Mil.

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

MGM China Holdings'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
=743 / 1929.13
=38.52 %

* 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.


MGM China Holdings  (STU:M04) 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

MGM China Holdings had a gross margin of 38.52% for the quarter that ended in Jun. 2024 => Competition eroding margins


MGM China Holdings Gross Profit Related Terms

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MGM China Holdings Business Description

Traded in Other Exchanges
Address
Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC
MGM China is one of six casino license holders in Macao and operates two integrated resorts: the MGM Macau resort in the Peninsula and MGM Cotai in Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.

MGM China Holdings Headlines

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