Nokia Oyj (Nokia Oyj) Gross Profit

: $9,449 Mil (TTM As of Mar. 2024)

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Nokia Oyj's gross profit for the three months ended in Mar. 2024 was $2,429 Mil. Nokia Oyj's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $9,449 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Nokia Oyj's gross profit for the three months ended in Mar. 2024 was $2,429 Mil. Nokia Oyj's Revenue for the three months ended in Mar. 2024 was $5,073 Mil. Therefore, Nokia Oyj's Gross Margin % for the quarter that ended in Mar. 2024 was 47.89%.

Nokia Oyj had a gross margin of 47.89% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Nokia Oyj was 44.56%. The lowest was 35.44%. And the median was 39.26%.

Nokia Oyj Gross Profit Historical Data

The historical data trend for Nokia Oyj'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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Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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9,182.22

9,967.15

9,981.92

10,828.39

9,473.28

Nokia Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															2,351.18	2,361.86	2,055.50	2,601.96	2,429.35

Competitive Comparison

For the Communication Equipment subindustry, Nokia Oyj'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.

Nokia Oyj Gross Profit Distribution

For the Hardware industry and Technology sector, Nokia Oyj's Gross Profit distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Gross Profit falls into.

Nokia Oyj Gross Profit Calculation

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

Nokia Oyj'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
	=	24272.628	-	14799.346
	=	9,473

Nokia Oyj's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	5072.826	-	2643.478
	=	2,429

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,449 Mil.

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

Nokia Oyj's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	2,429	/	5072.826
	=	47.89 %

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.

Nokia Oyj (NYSE:NOK) 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

Nokia Oyj had a gross margin of 47.89% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Nokia Oyj Gross Profit Related Terms

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Nokia Oyj (Nokia Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (NYSE:NOK) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

NOKBF:USA NOKIA SEK:Sweden NOK N:Mexico NOKIA:Italy 0K8D:UK NOKIAh:UK 0HAF:UK NOKIA:France NOKIA:Finland NOA3:Germany NOAA:Germany NOA3:Germany NOA3:Germany NOAA:Germany NOA3:Germany NOKIA:Czech Republic NOKI34:Brazil NOKI:Austria NOK:Argentina

Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.