Ampco-Pittsburgh's gross profit for the
three
months ended in Dec. 2023 was $16.7 Mil. Ampco-Pittsburgh's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $74.6 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Ampco-Pittsburgh's gross profit for the
three
months ended in Dec. 2023 was $16.7 Mil. Ampco-Pittsburgh's Revenue for the
three
months ended in Dec. 2023 was $108.1 Mil. Therefore, Ampco-Pittsburgh's Gross Margin % for the quarter that ended in Dec. 2023 was 15.41%.
Ampco-Pittsburgh had a gross margin of 15.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Ampco-Pittsburgh was 21.62%. The lowest was 15.94%. And the median was 17.74%.
Ampco-Pittsburgh Gross Profit Historical Data
The historical data trend for Ampco-Pittsburgh'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 Ampco-Pittsburgh's Gross Profit
For the Metal Fabrication subindustry, Ampco-Pittsburgh'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.
Ampco-Pittsburgh's Gross Profit Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ampco-Pittsburgh's Gross Profit distribution charts can be found below:
* The bar in red indicates where Ampco-Pittsburgh's Gross Profit falls into.
Ampco-Pittsburgh Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Ampco-Pittsburgh'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 quarterly data reported by the company within the most recent 12 months, which was $74.6 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.
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
Ampco-Pittsburgh had a gross margin of 15.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Ampco-Pittsburgh Gross Profit Related Terms
Thank you for viewing the detailed overview of Ampco-Pittsburgh's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Ampco-Pittsburgh (Ampco-Pittsburgh) Business Description
Ampco-Pittsburgh Corp is a U,S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the U,S and other countries.
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