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Inversiones Covadonga (XSGO:COVADONGA) Gross Profit : CLP1,227 Mil (TTM As of Dec. 2023)


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What is Inversiones Covadonga Gross Profit?

Inversiones Covadonga's gross profit for the three months ended in Dec. 2023 was CLP509 Mil. Inversiones Covadonga's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was CLP1,227 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Inversiones Covadonga's gross profit for the three months ended in Dec. 2023 was CLP509 Mil. Inversiones Covadonga's Revenue for the three months ended in Dec. 2023 was CLP509 Mil. Therefore, Inversiones Covadonga's Gross Margin % for the quarter that ended in Dec. 2023 was N/A%.

Inversiones Covadonga had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Inversiones Covadonga was 99.53%. The lowest was 94.74%. And the median was 98.29%.


Inversiones Covadonga Gross Profit Historical Data

The historical data trend for Inversiones Covadonga'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.

Inversiones Covadonga Gross Profit Chart

Inversiones Covadonga 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 685.77 530.09 1,342.71 1,261.87 1,226.65

Inversiones Covadonga 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 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 487.62 83.41 590.04 44.16 509.05

Competitive Comparison of Inversiones Covadonga's Gross Profit

For the Asset Management subindustry, Inversiones Covadonga'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.


Inversiones Covadonga's Gross Profit Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Inversiones Covadonga's Gross Profit distribution charts can be found below:

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



Inversiones Covadonga Gross Profit Calculation

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

Inversiones Covadonga'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
=1226.653 - 0
=1,227

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

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=509.05 - 0
=509

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 CLP1,227 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Inversiones Covadonga'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
=509 / 509.05
=N/A %

* 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.


Inversiones Covadonga  (XSGO:COVADONGA) 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

Inversiones Covadonga had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Inversiones Covadonga Gross Profit Related Terms

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Inversiones Covadonga (XSGO:COVADONGA) Business Description

Traded in Other Exchanges
N/A
Address
Matias Cousino 150 Of 201, Santiago, CHL
Website
Inversiones Covadonga SA is an investment company. Its main business activities are investing in shares and fund management. The company also invests in the fields of real estate, securities, and property rights.

Inversiones Covadonga (XSGO:COVADONGA) Headlines

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