Nickel Asia (PHS:NIKL) Gross Profit : ₱9,170 Mil (TTM As of Mar. 2024)

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What is Nickel Asia Gross Profit?

Nickel Asia's gross profit for the three months ended in Mar. 2024 was ₱820 Mil. Nickel Asia's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ₱9,170 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Nickel Asia's gross profit for the three months ended in Mar. 2024 was ₱820 Mil. Nickel Asia's Revenue for the three months ended in Mar. 2024 was ₱2,577 Mil. Therefore, Nickel Asia's Gross Margin % for the quarter that ended in Mar. 2024 was 31.81%.

Nickel Asia had a gross margin of 31.81% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Nickel Asia was 62.61%. The lowest was 35.10%. And the median was 42.26%.

Nickel Asia Gross Profit Historical Data

The historical data trend for Nickel Asia'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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Nickel Asia Gross Profit Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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6,455.73

9,089.72

13,985.64

13,961.65

10,465.49

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															2,087.75	2,471.98	3,962.63	1,915.42	819.74

Competitive Comparison of Nickel Asia's Gross Profit

For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.

Nickel Asia's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Gross Profit distribution charts can be found below:

* The bar in red indicates where Nickel Asia's Gross Profit falls into.

Nickel Asia Gross Profit Calculation

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

Nickel Asia'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
	=	23838.312	-	13372.827
	=	10,465

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

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	2577.316	-	1757.573
	=	820

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 ₱9,170 Mil.

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

Nickel Asia'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
	=	820	/	2577.316
	=	31.81 %

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.

Nickel Asia (PHS:NIKL) 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

Nickel Asia had a gross margin of 31.81% for the quarter that ended in Mar. 2024 => Competition eroding margins

Nickel Asia Gross Profit Related Terms

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Nickel Asia (PHS:NIKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Asia Corp (PHS:NIKL) » Definitions » Gross Profit

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Traded in Other Exchanges

NCKAF:USA

Address

32nd Street, Bonifacio Global City, 28th Floor NAC Tower, Taguig, PHL, 1634

Website

https://www.nickelasia.com

Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.