SPT Energy Group's gross profit for the
six
months ended in Dec. 2023 was HK$820 Mil. SPT Energy Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,451 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. SPT Energy Group's gross profit for the
six
months ended in Dec. 2023 was HK$820 Mil. SPT Energy Group's Revenue for the
six
months ended in Dec. 2023 was HK$1,208 Mil. Therefore, SPT Energy Group's Gross Margin % for the quarter that ended in Dec. 2023 was 67.94%.
SPT Energy Group had a gross margin of 67.94% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of SPT Energy Group was 76.17%. The lowest was 56.11%. And the median was 70.34%.
Warning Sign:
SPT Energy Group Inc gross margin has been in long-term decline. The average rate of decline per year is -2.2%.
SPT Energy Group Gross Profit Historical Data
The historical data trend for SPT Energy Group'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.
Competitive Comparison of SPT Energy Group's Gross Profit
For the Oil & Gas Integrated subindustry, SPT Energy Group'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.
SPT Energy Group's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SPT Energy Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where SPT Energy Group's Gross Profit falls into.
SPT Energy Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
SPT Energy Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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$1,451 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
SPT Energy Group (HKSE:01251) 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
SPT Energy Group had a gross margin of 67.94% for the quarter that ended in Dec. 2023 => Durable competitive advantage
SPT Energy Group Gross Profit Related Terms
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SPT Energy Group (HKSE:01251) Business Description
SPT Energy Group Inc is an investment holding company engaged in the provision of integrated oilfield services and the manufacturing and sale of oilfield services-related products. Its operating segments are Drilling, Well Completion, Reservoir and others. Majority of revenue is generated from Reservoir segment. The company's geographical segments are China, Kazakhstan, Turkmenistan, Canada, Indonesia, the Middle East, and Others, of which China accounts for the majority of its revenue.
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