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SPDR S&P 500 ETF (:SPY)
Gross Profit
$0.00 Mil (TTM As of . 20)

SPDR S&P 500 ETF's gross profit for the six months ended in . 20 was $0.00 Mil. SPDR S&P 500 ETF's gross profit for the trailing twelve months (TTM) ended in . 20 was $0.00 Mil.

Gross Margin is calculated as gross profit divided by its revenue. SPDR S&P 500 ETF's gross profit for the six months ended in . 20 was $0.00 Mil. SPDR S&P 500 ETF's revenue for the six months ended in . 20 was $0.00 Mil. Therefore, SPDR S&P 500 ETF's Gross Margin for the quarter that ended in . 20 was %.

SPDR S&P 500 ETF had a gross margin of % for the quarter that ended in . 20 => No sustainable competitive advantage


Definition

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

SPDR S&P 500 ETF's Gross Profit for the fiscal year that ended in . 20 is calculated as

Gross Profit (A: . 20 )=Revenue - Cost of Goods Sold
= -
=0.00

SPDR S&P 500 ETF's Gross Profit for the quarter that ended in . 20 is calculated as

Gross Profit (Q: . 20 )=Revenue - Cost of Goods Sold
= -
=0.00

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. SPDR S&P 500 ETF Gross Profit for the trailing twelve months (TTM) ended in . 20 was $0.00 Mil.

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

SPDR S&P 500 ETF's Gross Margin for the quarter that ended in . 20 is calculated as

Gross Margin (Q: . 20 )=Gross Profit (Q: . 20 ) / Revenue (Q: . 20 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.00 /
= %

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


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

SPDR S&P 500 ETF had a gross margin of % for the quarter that ended in . 20 => No sustainable competitive advantage


Related Terms

Cost of Goods Sold, Gross Margin, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

SPDR S&P 500 ETF Annual Data

Gross_Profit 0.000.000.000.000.000.000.000.000.000.00

SPDR S&P 500 ETF Semi-Annual Data

Gross_Profit 0.000.000.000.000.000.000.000.000.000.00
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