Meiji Holdings Co's gross profit for the
three
months ended in Mar. 2024 was $532 Mil. Meiji Holdings Co's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $2,246 Mil.
Meiji Holdings Co had a gross margin of 29.25% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Meiji Holdings Co was 37.73%. The lowest was 28.88%. And the median was 36.41%.
Warning Sign:
Meiji Holdings Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -5.4%.
Meiji Holdings Co Gross Profit Historical Data
The historical data trend for Meiji Holdings 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.
Competitive Comparison of Meiji Holdings Co's Gross Profit
For the Packaged Foods subindustry, Meiji Holdings 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.
Meiji Holdings Co's Gross Profit Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where Meiji Holdings Co's Gross Profit falls into.
Meiji Holdings Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Meiji Holdings Co's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as
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 $2,246 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.
Meiji Holdings Co (OTCPK:MEJHY) 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
Meiji Holdings Co had a gross margin of 29.25% for the quarter that ended in Mar. 2024 => Competition eroding margins
Meiji Holdings Co Gross Profit Related Terms
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Meiji Holdings Co (Meiji Holdings Co) Business Description
Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.
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