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BOE Technology Group Co (SZSE:200725) Gross Profit : HK$28,197 Mil (TTM As of Mar. 2024)


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What is BOE Technology Group Co Gross Profit?

BOE Technology Group Co's gross profit for the three months ended in Mar. 2024 was HK$7,220 Mil. BOE Technology Group Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was HK$28,197 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. BOE Technology Group Co's gross profit for the three months ended in Mar. 2024 was HK$7,220 Mil. BOE Technology Group Co's Revenue for the three months ended in Mar. 2024 was HK$49,848 Mil. Therefore, BOE Technology Group Co's Gross Margin % for the quarter that ended in Mar. 2024 was 14.48%.

BOE Technology Group Co had a gross margin of 14.48% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of BOE Technology Group Co was 28.84%. The lowest was 11.70%. And the median was 19.43%.

Warning Sign:

BOE Technology Group Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -7.6%.


BOE Technology Group Co Gross Profit Historical Data

The historical data trend for BOE Technology Group 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.

BOE Technology Group Co Gross Profit Chart

BOE Technology Group 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 19,599.24 29,804.96 78,043.74 23,320.54 23,965.12

BOE Technology Group 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 2,960.50 5,080.40 7,369.02 8,527.97 7,219.67

Competitive Comparison of BOE Technology Group Co's Gross Profit

For the Electronic Components subindustry, BOE Technology Group 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.


BOE Technology Group Co's Gross Profit Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BOE Technology Group Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where BOE Technology Group Co's Gross Profit falls into.



BOE Technology Group Co Gross Profit Calculation

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

BOE Technology Group 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
=190911.936 - 166946.82
=23,965

BOE Technology Group 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
=49847.735 - 42628.065
=7,220

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 HK$28,197 Mil.

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

BOE Technology Group 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
=7,220 / 49847.735
=14.48 %

* 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.


BOE Technology Group Co  (SZSE:200725) 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

BOE Technology Group Co had a gross margin of 14.48% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage


BOE Technology Group Co Gross Profit Related Terms

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BOE Technology Group Co (SZSE:200725) Business Description

Traded in Other Exchanges
Address
No. 10 Jiuxianqiao Road, Chaoyang District, Beijing, CHN, 100015
BOE Technology Group Co Ltd is an investment holding company. The reportable segments of the company are Display device business; Internet of things innovation business; Sensing business; MLED business; Smart medical and industrial business and others. It generates maximum revenue from Display device business segment. The Display business segment integrates design and manufacturing of display devices and strives to offer TFT-LCD, AMOLED, Microdisplay, and other intelligent interface devices, which develops a platform that integrates panels, modules, whole widget, and services.

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