Flexsteel Industries's gross profit for the
three
months ended in Dec. 2023 was $22.0 Mil. Flexsteel Industries's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $80.1 Mil.
Flexsteel Industries had a gross margin of 21.93% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Flexsteel Industries was 23.53%. The lowest was 13.35%. And the median was 20.14%.
Warning Sign:
Flexsteel Industries Inc gross margin has been in long-term decline. The average rate of decline per year is -2%.
Flexsteel Industries Gross Profit Historical Data
The historical data trend for Flexsteel Industries'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 Flexsteel Industries's Gross Profit
For the Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries'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.
Flexsteel Industries's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Gross Profit distribution charts can be found below:
* The bar in red indicates where Flexsteel Industries's Gross Profit falls into.
Flexsteel Industries Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Flexsteel Industries's Gross Profit for the fiscal year that ended in Jun. 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 $80.1 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
Flexsteel Industries had a gross margin of 21.93% for the quarter that ended in Dec. 2023 => Competition eroding margins
Flexsteel Industries Gross Profit Related Terms
Thank you for viewing the detailed overview of Flexsteel Industries's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Flexsteel Industries (Flexsteel Industries) Business Description
Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.
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