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Vatti (SZSE:002035) Gross Profit : ¥2,670 Mil (TTM As of Sep. 2024)


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What is Vatti Gross Profit?

Vatti's gross profit for the three months ended in Sep. 2024 was ¥592 Mil. Vatti's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥2,670 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Vatti's gross profit for the three months ended in Sep. 2024 was ¥592 Mil. Vatti's Revenue for the three months ended in Sep. 2024 was ¥1,475 Mil. Therefore, Vatti's Gross Margin % for the quarter that ended in Sep. 2024 was 40.11%.

Vatti had a gross margin of 40.11% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Vatti was 48.26%. The lowest was 36.35%. And the median was 42.36%.

Warning Sign:

Vatti Corp Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.5%.


Vatti Gross Profit Historical Data

The historical data trend for Vatti'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.

Vatti Gross Profit Chart

Vatti 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 2,774.12 1,880.16 2,278.33 2,299.22 2,628.86

Vatti Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 643.92 816.67 578.26 683.14 591.50

Competitive Comparison of Vatti's Gross Profit

For the Furnishings, Fixtures & Appliances subindustry, Vatti'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.


Vatti's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Vatti's Gross Profit falls into.



Vatti Gross Profit Calculation

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

Vatti'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
=6232.58 - 3603.72
=2,629

Vatti's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=1474.717 - 883.214
=592

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,670 Mil.

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

Vatti's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=592 / 1474.717
=40.11 %

* 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.


Vatti  (SZSE:002035) 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

Vatti had a gross margin of 40.11% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Vatti Gross Profit Related Terms

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Vatti Business Description

Traded in Other Exchanges
N/A
Address
No.2, Fuqing Yi Road, Henglan Town, Guangdong, Zhongshan, CHN, 528478
Vatti Corp Ltd is engaged in the manufacture and sale of gas appliances, kitchen appliances and household appliances in China. The products manufactured by the company include built-in ovens (electric oven, gas oven), hobs, gas water heaters, cooker hoods, sterilizers, and cupboards. The company possesses the scientific and technological resources like 1-keystroke automatic core cleaning, ion flame failure safeguard, and intelligent bi-modulus full-efficiency sterilization.
Executives
Chou Ming Gui Executives
Pan Hao Biao Director
Huang Li Zhen Supervisors
Han Wei Executives
Wang Zhao Zhao Securities Affairs Representative
Wu Gang Directors, executives
Li Jia Kang Director
Huang Qi Jun Director
Guan Xi Yuan Director
Liu Wei Executives
Li Hong Feng Independent director
Deng Xin Hua Director
Huang Zhi Feng Supervisors
Li Shu Ru Supervisors
Yang Jian Hui Supervisors

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