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Tongda Smart Tech (Xiamen) Co (SZSE:001368) Gross Profit : ¥245.3 Mil (TTM As of Sep. 2024)


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What is Tongda Smart Tech (Xiamen) Co Gross Profit?

Tongda Smart Tech (Xiamen) Co's gross profit for the three months ended in Sep. 2024 was ¥60.2 Mil. Tongda Smart Tech (Xiamen) Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was ¥245.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tongda Smart Tech (Xiamen) Co's gross profit for the three months ended in Sep. 2024 was ¥60.2 Mil. Tongda Smart Tech (Xiamen) Co's Revenue for the three months ended in Sep. 2024 was ¥249.2 Mil. Therefore, Tongda Smart Tech (Xiamen) Co's Gross Margin % for the quarter that ended in Sep. 2024 was 24.17%.

Tongda Smart Tech (Xiamen) Co had a gross margin of 24.17% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 6 years, the highest Gross Margin % of Tongda Smart Tech (Xiamen) Co was 27.29%. The lowest was 23.16%. And the median was 25.40%.


Tongda Smart Tech (Xiamen) Co Gross Profit Historical Data

The historical data trend for Tongda Smart Tech (Xiamen) 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.

* Premium members only.

Tongda Smart Tech (Xiamen) Co Gross Profit Chart

Tongda Smart Tech (Xiamen) Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 149.93 181.21 235.77 233.73 218.10

Tongda Smart Tech (Xiamen) Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.20 51.20 67.77 66.13 60.23

Competitive Comparison of Tongda Smart Tech (Xiamen) Co's Gross Profit

For the Furnishings, Fixtures & Appliances subindustry, Tongda Smart Tech (Xiamen) 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.


Tongda Smart Tech (Xiamen) Co's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Tongda Smart Tech (Xiamen) Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Tongda Smart Tech (Xiamen) Co's Gross Profit falls into.



Tongda Smart Tech (Xiamen) Co Gross Profit Calculation

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

Tongda Smart Tech (Xiamen) Co'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
=799.111 - 581.009
=218.1

Tongda Smart Tech (Xiamen) Co's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=249.218 - 188.988
=60.2

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥245.3 Mil.

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

Tongda Smart Tech (Xiamen) Co's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=60.2 / 249.218
=24.17 %

* 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.


Tongda Smart Tech (Xiamen) Co  (SZSE:001368) 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

Tongda Smart Tech (Xiamen) Co had a gross margin of 24.17% for the quarter that ended in Sep. 2024 => Competition eroding margins


Tongda Smart Tech (Xiamen) Co Gross Profit Related Terms

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Tongda Smart Tech (Xiamen) Co Business Description

Traded in Other Exchanges
N/A
Address
No. 89 DingShan Middle Road, Dongfu Town, Fujian Province, Haicang District, Xiamen, CHN, 361027
Tongda Smart Tech (Xiamen) Co Ltd is engaged in the research and development, production and sales of consumer products such as sports outdoor, home life, health care and others.

Tongda Smart Tech (Xiamen) Co Headlines

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