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First Trust Energy Income & Growth Fund (AMEX:FEN)
Gross Profit
$0.00 Mil (TTM As of May. 2014)

First Trust Energy Income & Growth Fund's gross profit for the six months ended in May. 2014 was $0.00 Mil. First Trust Energy Income & Growth Fund's gross profit for the trailing twelve months (TTM) ended in May. 2014 was $0.00 Mil.

Gross Margin is calculated as gross profit divided by its revenue. First Trust Energy Income & Growth Fund's gross profit for the six months ended in May. 2014 was $0.00 Mil. First Trust Energy Income & Growth Fund's revenue for the six months ended in May. 2014 was $4.19 Mil. Therefore, First Trust Energy Income & Growth Fund's Gross Margin for the quarter that ended in May. 2014 was 100.00%.

First Trust Energy Income & Growth Fund had a gross margin of 100.00% for the quarter that ended in May. 2014 => Durable competitive advantage


Definition

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

First Trust Energy Income & Growth Fund's Gross Profit for the fiscal year that ended in Nov. 2013 is calculated as

Gross Profit (A: Nov. 2013 )=Revenue - Cost of Goods Sold
=4.518 - 0
=4.52

First Trust Energy Income & Growth Fund's Gross Profit for the quarter that ended in May. 2014 is calculated as

Gross Profit (Q: May. 2014 )=Revenue - Cost of Goods Sold
=4.194 - 0
=4.19

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. First Trust Energy Income & Growth Fund Gross Profit for the trailing twelve months (TTM) ended in May. 2014 was $0.00 Mil.

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

First Trust Energy Income & Growth Fund's Gross Margin for the quarter that ended in May. 2014 is calculated as

Gross Margin (Q: May. 2014 )=Gross Profit (Q: May. 2014 ) / Revenue (Q: May. 2014 )
=(Revenue - Cost of Goods Sold) / Revenue
=4.19 / 4.194
=100.00 %

* 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

First Trust Energy Income & Growth Fund had a gross margin of 100.00% for the quarter that ended in May. 2014 => Durable 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.

First Trust Energy Income & Growth Fund Annual Data

Nov10Nov11Nov12Nov13
Gross_Profit 0.000.000.000.000.000.000.000.000.000.00

First Trust Energy Income & Growth Fund Semi-Annual Data

May10Nov10May11Nov11May12Nov12May13Nov13May14
Gross_Profit 0.000.000.000.000.000.000.000.000.000.00
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