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Diageo (XTER:GUI) Gross Profit : €11,251 Mil (TTM As of Jun. 2024)


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What is Diageo Gross Profit?

Diageo's gross profit for the six months ended in Jun. 2024 was €5,088 Mil. Diageo's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was €11,251 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Diageo's gross profit for the six months ended in Jun. 2024 was €5,088 Mil. Diageo's Revenue for the six months ended in Jun. 2024 was €8,646 Mil. Therefore, Diageo's Gross Margin % for the quarter that ended in Jun. 2024 was 58.85%.

Diageo had a gross margin of 58.85% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Diageo was 62.18%. The lowest was 57.37%. And the median was 60.42%.


Diageo Gross Profit Historical Data

The historical data trend for Diageo'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.

Diageo Gross Profit Chart

Diageo Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,758.33 8,839.44 11,912.98 11,321.52 11,331.94

Diageo Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 5,526.64 6,457.90 5,007.28 6,163.16 5,088.13

Competitive Comparison of Diageo's Gross Profit

For the Beverages - Wineries & Distilleries subindustry, Diageo'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.


Diageo's Gross Profit Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Diageo's Gross Profit distribution charts can be found below:

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



Diageo Gross Profit Calculation

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

Diageo's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as

Gross Profit (A: Jun. 2024 )=Revenue - Cost of Goods Sold
=18829.901 - 7497.959
=11,332

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

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=8646.203 - 3558.07
=5,088

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 €11,251 Mil.

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

Diageo'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
=5,088 / 8646.203
=58.85 %

* 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.


Diageo  (XTER:GUI) 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

Diageo had a gross margin of 58.85% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Diageo Gross Profit Related Terms

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Diageo Business Description

Address
16 Great Marlborough Street, London, GBR, W1F 7HS
Formed in 1997 through the merger of Grand Metropolitan and Guinness, Diageo is the largest distiller globally by sales. Diageo acquired some of the Seagram assets in 2001, which gave it brands such as Captain Morgan rum and Crown Royal Canadian whisky. Since then, mergers and acquisitions have mostly been bolt-on in nature, plugging gaps in the company's product and geographic portfolio. The firm has also shed noncore brands over the years, including the majority of its wine assets in 2015.

Diageo Headlines

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