VCIG (VCI Global) Gross Profit : $20.85 Mil (TTM As of Jun. 2024)

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What is VCI Global Gross Profit?

VCI Global's gross profit for the six months ended in Jun. 2024 was $12.90 Mil. VCI Global's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $20.85 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. VCI Global's gross profit for the six months ended in Jun. 2024 was $12.90 Mil. VCI Global's Revenue for the six months ended in Jun. 2024 was $13.75 Mil. Therefore, VCI Global's Gross Margin % for the quarter that ended in Jun. 2024 was 93.85%.

VCI Global had a gross margin of 93.85% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 4 years, the highest Gross Margin % of VCI Global was 88.56%. The lowest was 78.30%. And the median was 80.77%.

VCI Global Gross Profit Historical Data

The historical data trend for VCI Global'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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VCI Global Gross Profit Chart

VCI Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Profit

0.80

8.83

6.33

16.19

VCI Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Profit	Get a 7-Day Free Trial			4.36	1.99	8.30	7.94	12.90

Competitive Comparison of VCI Global's Gross Profit

For the Consulting Services subindustry, VCI Global'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.

VCI Global's Gross Profit Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, VCI Global's Gross Profit distribution charts can be found below:

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

VCI Global Gross Profit Calculation

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

VCI Global'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
	=	19.493	-	3.303
	=	16.19

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

Gross Profit (Q: Jun. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	13.749	-	0.845
	=	12.90

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 $20.85 Mil.

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

VCI Global'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
	=	12.90	/	13.749
	=	93.85 %

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.

VCI Global (NAS:VCIG) 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

VCI Global had a gross margin of 93.85% for the quarter that ended in Jun. 2024 => Durable competitive advantage

VCI Global Gross Profit Related Terms

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VCI Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » VCI Global Ltd (NAS:VCIG) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Jalan Bangsar 59200, B03-C-8 Menara 3A, KL Eco City, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.v-capital.co

VCI Global Ltd is a holding company. The principal activities of the Company and its subsidiaries are the provision of business Strategy consultancy and technology development solution consultancy. The firm organized its consulting services into three main segments: Business Strategy Consultancy; Technology Consultancy; and Others. It derives the majority of its revenue from the Business Strategy Consultancy segment which focuses on listing solutions, investor relations, and boardroom strategies consultancy. It has established a diverse local and international clientele, providing them with its services in both local and cross-border listings. Its role begins with pre-listing diagnosis and planning to the finalization of the entire listing process.