Seaboard's gross profit for the
three
months ended in Dec. 2023 was $21 Mil. Seaboard's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $316 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Seaboard's gross profit for the
three
months ended in Dec. 2023 was $21 Mil. Seaboard's Revenue for the
three
months ended in Dec. 2023 was $2,282 Mil. Therefore, Seaboard's Gross Margin % for the quarter that ended in Dec. 2023 was 0.92%.
Seaboard had a gross margin of 0.92% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Seaboard was 10.47%. The lowest was 3.30%. And the median was 8.61%.
Warning Sign:
Seaboard Corp gross margin has been in long-term decline. The average rate of decline per year is -9.6%.
Seaboard Gross Profit Historical Data
The historical data trend for Seaboard'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.
For the Conglomerates subindustry, Seaboard'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.
Seaboard's Gross Profit Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Seaboard's Gross Profit distribution charts can be found below:
* The bar in red indicates where Seaboard's Gross Profit falls into.
Seaboard Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Seaboard'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 $316 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.
Seaboard (AMEX:SEB) 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
Seaboard had a gross margin of 0.92% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Seaboard Gross Profit Related Terms
Thank you for viewing the detailed overview of Seaboard's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Seaboard Corp is a diversified group of companies that operate in agricultural and ocean transport businesses. The company is engaged in hog production and pork processing in the United States; commodity trading and grain processing in Africa and South America; cargo shipping services in the U.S., Caribbean and Central and South America; sugar and alcohol production in Argentina; and electric power generation in the Dominican Republic. It also has an equity method investment in Butterball, LLC, a producer and processor of turkey products. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. It operates in 45 countries, with a concentration in the U.S. and countries in Central and South America and Africa.
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