Franklin Covey Co (Franklin Covey Co) Gross Profit : $212.7 Mil (TTM As of Feb. 2024)

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What is Franklin Covey Co Gross Profit?

Franklin Covey Co's gross profit for the three months ended in Feb. 2024 was $46.9 Mil. Franklin Covey Co's gross profit for the trailing twelve months (TTM) ended in Feb. 2024 was $212.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Franklin Covey Co's gross profit for the three months ended in Feb. 2024 was $46.9 Mil. Franklin Covey Co's Revenue for the three months ended in Feb. 2024 was $61.3 Mil. Therefore, Franklin Covey Co's Gross Margin % for the quarter that ended in Feb. 2024 was 76.38%.

Franklin Covey Co had a gross margin of 76.38% for the quarter that ended in Feb. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Franklin Covey Co was 77.13%. The lowest was 65.78%. And the median was 70.70%.

Franklin Covey Co Gross Profit Historical Data

The historical data trend for Franklin Covey 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.

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Franklin Covey Co Gross Profit Chart

Franklin Covey Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Gross Profit

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159.31

145.37

172.90

201.91

213.49

Franklin Covey Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Profit	Get a 7-Day Free Trial															47.21	54.23	59.31	52.28	46.85

Competitive Comparison of Franklin Covey Co's Gross Profit

For the Education & Training Services subindustry, Franklin Covey 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.

Franklin Covey Co's Gross Profit Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Franklin Covey Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Franklin Covey Co's Gross Profit falls into.

Franklin Covey Co Gross Profit Calculation

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

Franklin Covey Co's Gross Profit for the fiscal year that ended in Aug. 2023 is calculated as

Gross Profit (A: Aug. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	280.521	-	67.031
	=	213.5

Franklin Covey Co's Gross Profit for the quarter that ended in Feb. 2024 is calculated as

Gross Profit (Q: Feb. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	61.336	-	14.485
	=	46.9

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $212.7 Mil.

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

Franklin Covey Co's Gross Margin % for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )	=	Gross Profit (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	46.9	/	61.336
	=	76.38 %

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.

Franklin Covey Co (NYSE:FC) 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

Franklin Covey Co had a gross margin of 76.38% for the quarter that ended in Feb. 2024 => Durable competitive advantage

Franklin Covey Co Gross Profit Related Terms

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Franklin Covey Co (Franklin Covey Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Franklin Covey Co (NYSE:FC) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 West Parkway Boulevard, Salt Lake City, UT, USA, 84119-2331

Website

https://www.franklincovey.com

Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice, and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.

Executives

Meisha Sherman	officer: CPO	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119-2099
Jennifer C. Colosimo	officer: President, Enterprise Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Efrain Rivera	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Paul S Walker	director, officer: CEO, Director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Covey Michael Sean Merrill	officer: President, Education Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Dom Colleen D	officer: COO	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Craig Cuffie	director	2200 WEST PARKWAY BOULEVARD, SALT LAKE CITY UT 84119
Esther Kay Stepp	director
Nancy R Phillips	director	1515 BROADWAY, NEW YORK NY 10036
Michael Fung	director	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Donald J Mcnamara	director	4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE SUITE 4200, DALLAS TX 75201
Knowledge Capital Investment Group	10 percent owner	4200 CHASE TOWER WEST, 2200 ROSS AVENUE, DALLAS TX 75201
Van Bever Derek C M	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Scott Jeffery Miller	officer: EVP Bus Development/Marketing	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Joel Clinton Peterson	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101