China Mobile (China Mobile) Gross Profit : $95,460 Mil (TTM As of Mar. 2024)

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What is China Mobile Gross Profit?

China Mobile's gross profit for the three months ended in Mar. 2024 was $20,193 Mil. China Mobile's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $95,460 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. China Mobile's gross profit for the three months ended in Mar. 2024 was $20,193 Mil. China Mobile's Revenue for the three months ended in Mar. 2024 was $36,618 Mil. Therefore, China Mobile's Gross Margin % for the quarter that ended in Mar. 2024 was 55.14%.

China Mobile had a gross margin of 55.14% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of China Mobile was 82.53%. The lowest was 59.21%. And the median was 63.98%.

Warning Sign:

China Mobile Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.1%.

China Mobile Gross Profit Historical Data

The historical data trend for China Mobile'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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China Mobile Gross Profit Chart

China Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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70,938.59

74,709.22

82,766.55

80,372.65

83,696.12

China Mobile Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															8,900.00	34,704.39	-11,908.63	52,471.08	20,193.15

Competitive Comparison of China Mobile's Gross Profit

For the Telecom Services subindustry, China Mobile'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.

China Mobile's Gross Profit Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Mobile's Gross Profit distribution charts can be found below:

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

China Mobile Gross Profit Calculation

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

China Mobile'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
	=	141355.844	-	57659.729
	=	83,696

China Mobile's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	36618.343	-	16425.189
	=	20,193

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $95,460 Mil.

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

China Mobile's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	20,193	/	36618.343
	=	55.14 %

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.

China Mobile (NYSE:CHL) 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

China Mobile had a gross margin of 55.14% for the quarter that ended in Mar. 2024 => Durable competitive advantage

China Mobile Gross Profit Related Terms

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China Mobile (China Mobile) Business Description

Industry

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941:Mexico 00941:Hong Kong CTM:Germany 600941:China

Address

99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG

Website

https://www.chinamobileltd.com

China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.