ZK International Group Co (ZK International Group Co) Gross Profit : $6.8 Mil (TTM As of Mar. 2023)

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What is ZK International Group Co Gross Profit?

ZK International Group Co's gross profit for the six months ended in Mar. 2023 was $3.2 Mil. ZK International Group Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2023 was $6.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. ZK International Group Co's gross profit for the six months ended in Mar. 2023 was $3.2 Mil. ZK International Group Co's Revenue for the six months ended in Mar. 2023 was $49.7 Mil. Therefore, ZK International Group Co's Gross Margin % for the quarter that ended in Mar. 2023 was 6.38%.

ZK International Group Co had a gross margin of 6.38% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

During the past 8 years, the highest Gross Margin % of ZK International Group Co was 33.33%. The lowest was 4.54%. And the median was 26.78%.

Warning Sign:

ZK International Group Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -31.9%.

ZK International Group Co Gross Profit Historical Data

The historical data trend for ZK International Group Co'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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ZK International Group Co Gross Profit Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Gross Profit

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18.29

15.64

3.94

6.47

7.60

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Gross Profit	Get a 7-Day Free Trial										4.71	1.76	3.97	3.63	3.17

Competitive Comparison of ZK International Group Co's Gross Profit

For the Steel subindustry, ZK International Group Co'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.

ZK International Group Co's Gross Profit Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ZK International Group Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where ZK International Group Co's Gross Profit falls into.

ZK International Group Co Gross Profit Calculation

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

ZK International Group Co's Gross Profit for the fiscal year that ended in Sep. 2022 is calculated as

Gross Profit (A: Sep. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	102.392	-	94.796
	=	7.6

ZK International Group Co's Gross Profit for the quarter that ended in Mar. 2023 is calculated as

Gross Profit (Q: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	49.655	-	46.486
	=	3.2

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $6.8 Mil.

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

ZK International Group Co's Gross Margin % for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	3.2	/	49.655
	=	6.38 %

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.

ZK International Group Co (NAS:ZKIN) 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

ZK International Group Co had a gross margin of 6.38% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

ZK International Group Co Gross Profit Related Terms

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ZK International Group Co (ZK International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ZK International Group Co Ltd (NAS:ZKIN) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Zhejiang Zhengkang Industrial Co., Ltd., No. 678 Dingxiang Road, Binhai Industrial Park, Zhejiang Province, Economic and Technology Development Zone, Wenzhou, CHN, 325025

Website

https://www.zkinternationalgroup.com

ZK International Group Co Ltd is engaged in the manufacture and marketing of metal pipes. The company is specialized in producing double-press thin-walled stainless steel tube and fittings, carbon steel tube and fittings, single-press tube and fittings, and stainless-steel strip. The products are used in restaurants, hotel, hospital, firefighting, food, beverage, ship, engine, industrial seawater desalination and systems of direct-drinking water, cold /hot water supply, city water supply, gas of large/middle scale construction projects.