PRO-PAC Packaging (ASX:PPG) Gross Profit : A$139.1 Mil (TTM As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is PRO-PAC Packaging Gross Profit?

PRO-PAC Packaging's gross profit for the six months ended in Dec. 2023 was A$69.3 Mil. PRO-PAC Packaging's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$139.1 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. PRO-PAC Packaging's gross profit for the six months ended in Dec. 2023 was A$69.3 Mil. PRO-PAC Packaging's Revenue for the six months ended in Dec. 2023 was A$158.9 Mil. Therefore, PRO-PAC Packaging's Gross Margin % for the quarter that ended in Dec. 2023 was 43.62%.

PRO-PAC Packaging had a gross margin of 43.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of PRO-PAC Packaging was 44.72%. The lowest was 32.30%. And the median was 36.79%.

PRO-PAC Packaging Gross Profit Historical Data

The historical data trend for PRO-PAC Packaging'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.

PRO-PAC Packaging Gross Profit Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Profit

Get a 7-Day Free Trial

180.96

195.16

196.81

156.01

146.58

PRO-PAC Packaging Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial															98.55	57.46	76.83	69.75	69.31

Competitive Comparison of PRO-PAC Packaging's Gross Profit

For the Packaging & Containers subindustry, PRO-PAC Packaging'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.

PRO-PAC Packaging's Gross Profit Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Gross Profit distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Gross Profit falls into.

PRO-PAC Packaging Gross Profit Calculation

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

PRO-PAC Packaging's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	339.1	-	192.522
	=	146.6

PRO-PAC Packaging's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	158.908	-	89.594
	=	69.3

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$139.1 Mil.

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

PRO-PAC Packaging'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
	=	69.3	/	158.908
	=	43.62 %

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.

PRO-PAC Packaging (ASX:PPG) 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

PRO-PAC Packaging had a gross margin of 43.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

PRO-PAC Packaging Gross Profit Related Terms

Thank you for viewing the detailed overview of PRO-PAC Packaging's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.