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Tortoise Pipeline & Energy Fund Inc. (:TTP)
Gross Profit
\$0.00 Mil (TTM As of . 20)

Tortoise Pipeline & Energy Fund Inc.'s gross profit for the six months ended in . 20 was \$0.00 Mil. Tortoise Pipeline & Energy Fund Inc.'s gross profit for the trailing twelve months (TTM) ended in . 20 was \$0.00 Mil.

Gross Margin is calculated as gross profit divided by its revenue. Tortoise Pipeline & Energy Fund Inc.'s gross profit for the six months ended in . 20 was \$0.00 Mil. Tortoise Pipeline & Energy Fund Inc.'s revenue for the six months ended in . 20 was \$0.00 Mil. Therefore, Tortoise Pipeline & Energy Fund Inc.'s Gross Margin for the quarter that ended in . 20 was %.

Tortoise Pipeline & Energy Fund Inc. had a gross margin of % for the quarter that ended in . 20 => No sustainable competitive advantage

During the past 0 years, the highest Gross Margin of Tortoise Pipeline & Energy Fund Inc. was 102.56%. The lowest was 92.31%. And the median was 100.00%.

Definition

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

Tortoise Pipeline & Energy Fund Inc.'s Gross Profit for the fiscal year that ended in . 20 is calculated as

 Gross Profit (A: . 20 ) = Revenue - Cost of Goods Sold = - = 0.00

Tortoise Pipeline & Energy Fund Inc.'s Gross Profit for the quarter that ended in . 20 is calculated as

 Gross Profit (Q: . 20 ) = Revenue - Cost of Goods Sold = - = 0.00

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tortoise Pipeline & Energy Fund Inc. Gross Profit for the trailing twelve months (TTM) ended in . 20 was \$0.00 Mil.

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

Tortoise Pipeline & Energy Fund Inc.'s Gross Margin for the quarter that ended in . 20 is calculated as

 Gross Margin (Q: . 20 ) = Gross Profit (Q: . 20 ) / Revenue (Q: . 20 ) = (Revenue - Cost of Goods Sold) / Revenue = 0.00 / = %

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

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

Tortoise Pipeline & Energy Fund Inc. had a gross margin of % for the quarter that ended in . 20 => No sustainable competitive advantage

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tortoise Pipeline & Energy Fund Inc. Annual Data

 Gross_Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Tortoise Pipeline & Energy Fund Inc. Semi-Annual Data

 Gross_Profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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