TRSG (Tungray Technologies) Gross Profit : $6.39 Mil (TTM As of Jun. 2024)

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What is Tungray Technologies Gross Profit?

Tungray Technologies's gross profit for the six months ended in Jun. 2024 was $2.54 Mil. Tungray Technologies's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $6.39 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tungray Technologies's gross profit for the six months ended in Jun. 2024 was $2.54 Mil. Tungray Technologies's Revenue for the six months ended in Jun. 2024 was $5.44 Mil. Therefore, Tungray Technologies's Gross Margin % for the quarter that ended in Jun. 2024 was 46.69%.

Tungray Technologies had a gross margin of 46.69% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 4 years, the highest Gross Margin % of Tungray Technologies was 56.73%. The lowest was 44.22%. And the median was 50.64%.

Tungray Technologies Gross Profit Historical Data

The historical data trend for Tungray Technologies'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.

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Tungray Technologies Gross Profit Chart

Tungray Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Profit

4.59

9.26

9.27

6.71

Tungray Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Profit	Get a 7-Day Free Trial			4.94	4.32	2.86	3.85	2.54

Competitive Comparison of Tungray Technologies's Gross Profit

For the Metal Fabrication subindustry, Tungray Technologies'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.

Tungray Technologies's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's Gross Profit distribution charts can be found below:

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

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Tungray Technologies Gross Profit Calculation

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

Tungray Technologies'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
	=	14.363	-	7.652
	=	6.71

Tungray Technologies's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	5.436	-	2.898
	=	2.54

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 $6.39 Mil.

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

Tungray Technologies'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
	=	2.54	/	5.436
	=	46.69 %

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.

Tungray Technologies (NAS:TRSG) 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

Tungray Technologies had a gross margin of 46.69% for the quarter that ended in Jun. 2024 => Durable competitive advantage

Tungray Technologies Gross Profit Related Terms

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Tungray Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933

Website

https://www.tungray.tech

Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. It predominantly generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment. Geographically, the company generates a majority of its revenue from Singapore and the rest from China.