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Ituran Location and Control (Ituran Location and Control) Gross Profit : $153.2 Mil (TTM As of Dec. 2023)


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What is Ituran Location and Control Gross Profit?

Ituran Location and Control's gross profit for the three months ended in Dec. 2023 was $38.4 Mil. Ituran Location and Control's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $153.2 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Ituran Location and Control's gross profit for the three months ended in Dec. 2023 was $38.4 Mil. Ituran Location and Control's Revenue for the three months ended in Dec. 2023 was $77.8 Mil. Therefore, Ituran Location and Control's Gross Margin % for the quarter that ended in Dec. 2023 was 49.35%.

Ituran Location and Control had a gross margin of 49.35% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Ituran Location and Control was 53.33%. The lowest was 46.73%. And the median was 49.07%.


Ituran Location and Control Gross Profit Historical Data

The historical data trend for Ituran Location and Control'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.

* Premium members only.

Ituran Location and Control Gross Profit Chart

Ituran Location and Control Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 130.52 116.54 127.84 137.56 153.16

Ituran Location and Control Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.85 36.69 38.66 39.41 38.40

Competitive Comparison of Ituran Location and Control's Gross Profit

For the Communication Equipment subindustry, Ituran Location and Control'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.


Ituran Location and Control's Gross Profit Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ituran Location and Control's Gross Profit distribution charts can be found below:

* The bar in red indicates where Ituran Location and Control's Gross Profit falls into.



Ituran Location and Control Gross Profit Calculation

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

Ituran Location and Control's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=319.978 - 166.817
=153.2

Ituran Location and Control's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=77.808 - 39.408
=38.4

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 $153.2 Mil.

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

Ituran Location and Control's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=38.4 / 77.808
=49.35 %

* 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.


Ituran Location and Control  (NAS:ITRN) 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

Ituran Location and Control had a gross margin of 49.35% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Ituran Location and Control Gross Profit Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Traded in Other Exchanges
N/A
Address
3 Hashikma Street, Azour, ISR, 5800182
Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.