Sonae SGPS (XLIS:SON) Gross Profit : €2,599 Mil (TTM As of Dec. 2023)

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What is Sonae SGPS Gross Profit?

Sonae SGPS's gross profit for the three months ended in Dec. 2023 was €770 Mil. Sonae SGPS's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was €2,599 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Sonae SGPS's gross profit for the three months ended in Dec. 2023 was €770 Mil. Sonae SGPS's Revenue for the three months ended in Dec. 2023 was €2,363 Mil. Therefore, Sonae SGPS's Gross Margin % for the quarter that ended in Dec. 2023 was 32.57%.

Sonae SGPS had a gross margin of 32.57% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Sonae SGPS was 32.78%. The lowest was 20.34%. And the median was 31.27%.

Sonae SGPS Gross Profit Historical Data

The historical data trend for Sonae SGPS'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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Sonae SGPS Gross Profit Chart

Sonae SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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2,108.63

2,079.15

2,204.50

2,416.86

2,614.89

Sonae SGPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															696.81	565.43	604.95	658.87	769.59

Competitive Comparison of Sonae SGPS's Gross Profit

For the Department Stores subindustry, Sonae SGPS'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.

Sonae SGPS's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sonae SGPS's Gross Profit distribution charts can be found below:

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

Sonae SGPS Gross Profit Calculation

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

Sonae SGPS'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
	=	8399.182	-	5784.293
	=	2,615

Sonae SGPS's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2363.19	-	1593.599
	=	770

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,599 Mil.

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

Sonae SGPS's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	770	/	2363.19
	=	32.57 %

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.

Sonae SGPS (XLIS:SON) 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

Sonae SGPS had a gross margin of 32.57% for the quarter that ended in Dec. 2023 => Competition eroding margins

Sonae SGPS Gross Profit Related Terms

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Sonae SGPS (XLIS:SON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sonae SGPS SA (XLIS:SON) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

0ML0:UK YSON:Germany

Address

Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909

Website

https://www.sonae.pt

Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into eight segments based on the business offerings: Sonae MC, Worten, Sonae Fashion, Iberian Sports Retail Group, Sonae FS, Sonae IM, Sonae Sierra, and NOS. The Sonae MC business segment, which generates most of the company's revenue, is the company's food retail unit and operates restaurants, supermarkets, and convenience stores, among others. The company operates globally but earns most of its revenue in Portugal.