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China Resources Mixc Lifestyle Services (HKSE:01209) Gross Profit : HK$5,135 Mil (TTM As of Dec. 2023)


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What is China Resources Mixc Lifestyle Services Gross Profit?

China Resources Mixc Lifestyle Services's gross profit for the six months ended in Dec. 2023 was HK$2,670 Mil. China Resources Mixc Lifestyle Services's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$5,135 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. China Resources Mixc Lifestyle Services's gross profit for the six months ended in Dec. 2023 was HK$2,670 Mil. China Resources Mixc Lifestyle Services's Revenue for the six months ended in Dec. 2023 was HK$8,721 Mil. Therefore, China Resources Mixc Lifestyle Services's Gross Margin % for the quarter that ended in Dec. 2023 was 30.62%.

China Resources Mixc Lifestyle Services had a gross margin of 30.62% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 7 years, the highest Gross Margin % of China Resources Mixc Lifestyle Services was 31.79%. The lowest was 13.02%. And the median was 26.95%.


China Resources Mixc Lifestyle Services Gross Profit Historical Data

The historical data trend for China Resources Mixc Lifestyle Services'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.

China Resources Mixc Lifestyle Services Gross Profit Chart

China Resources Mixc Lifestyle Services Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 1,048.55 2,165.83 3,377.72 4,032.38 5,134.50

China Resources Mixc Lifestyle Services Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,794.88 1,960.46 2,164.72 2,464.07 2,670.43

Competitive Comparison of China Resources Mixc Lifestyle Services's Gross Profit

For the Real Estate Services subindustry, China Resources Mixc Lifestyle Services'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 Resources Mixc Lifestyle Services's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Mixc Lifestyle Services's Gross Profit distribution charts can be found below:

* The bar in red indicates where China Resources Mixc Lifestyle Services's Gross Profit falls into.



China Resources Mixc Lifestyle Services Gross Profit Calculation

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

China Resources Mixc Lifestyle Services'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
=16151.78 - 11017.278
=5,135

China Resources Mixc Lifestyle Services's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=8721.387 - 6050.954
=2,670

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 HK$5,135 Mil.

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

China Resources Mixc Lifestyle Services'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
=2,670 / 8721.387
=30.62 %

* 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.


China Resources Mixc Lifestyle Services  (HKSE:01209) 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 Resources Mixc Lifestyle Services had a gross margin of 30.62% for the quarter that ended in Dec. 2023 => Competition eroding margins


China Resources Mixc Lifestyle Services Gross Profit Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

Traded in Other Exchanges
N/A
Address
No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN
China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
China Resources Company Limited 2101 Beneficial owner
China Resources Land Limited

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