Mobile Mini's gross profit for the
three
months ended in Mar. 2020 was $41.7 Mil. Mobile Mini's gross profit for the trailing twelve months (TTM) ended in Mar. 2020 was $213.3 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Mobile Mini's gross profit for the
three
months ended in Mar. 2020 was $41.7 Mil. Mobile Mini's Revenue for the
three
months ended in Mar. 2020 was $149.0 Mil. Therefore, Mobile Mini's Gross Margin % for the quarter that ended in Mar. 2020 was 27.97%.
Mobile Mini had a gross margin of 27.97% for the quarter that ended in Mar. 2020 => Competition eroding margins
Mobile Mini Gross Profit Historical Data
The historical data trend for Mobile Mini'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 Mobile Mini's Gross Profit
For the Rental & Leasing Services subindustry, Mobile Mini'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.
Mobile Mini's Gross Profit Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Mobile Mini's Gross Profit distribution charts can be found below:
* The bar in red indicates where Mobile Mini's Gross Profit falls into.
Mobile Mini Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Mobile Mini's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $213.3 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.
Mobile Mini (NAS:MINI) 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
Mobile Mini had a gross margin of 27.97% for the quarter that ended in Mar. 2020 => Competition eroding margins
Mobile Mini Gross Profit Related Terms
Thank you for viewing the detailed overview of Mobile Mini's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Mobile Mini Inc manufactures, rents, and sells portable storage containers. It generates the vast majority of its revenue from the rental of storage containers. The company's products are organized into two primary categories. Portable storage containers are dropped off at a customers' location by Mobile Mini and used by businesses in the retail, manufacturing, and construction industries. Tank and Pump Solutions consists of liquid and solid containers, as well as pumps and filtration equipment used by companies in the chemicals manufacturing, refining, mining, and the oil and gas industries. The company organizes itself into three segments based on geography: North America, United Kingdom, and Tank and Pump Solutions. The majority of revenue comes from the North America segment.
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