Park-Ohio Holdings's gross profit for the
three
months ended in Dec. 2023 was $64 Mil. Park-Ohio Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $271 Mil.
Park-Ohio Holdings had a gross margin of 16.47% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Park-Ohio Holdings was 17.01%. The lowest was 13.93%. And the median was 16.08%.
Warning Sign:
Park-Ohio Holdings Corp gross margin has been in long-term decline. The average rate of decline per year is -1.2%.
Park-Ohio Holdings Gross Profit Historical Data
The historical data trend for Park-Ohio Holdings'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 Park-Ohio Holdings's Gross Profit
For the Specialty Industrial Machinery subindustry, Park-Ohio Holdings'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.
Park-Ohio Holdings's Gross Profit Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Park-Ohio Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where Park-Ohio Holdings's Gross Profit falls into.
Park-Ohio Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Park-Ohio Holdings's Gross Profit for the fiscal year that ended in Dec. 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 $271 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
Park-Ohio Holdings had a gross margin of 16.47% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Park-Ohio Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of Park-Ohio Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Park-Ohio Holdings (Park-Ohio Holdings) Business Description
Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.
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