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Varian Medical Systems's gross profit for the three months ended in Dec. 2020 was $359 Mil. Varian Medical Systems's gross profit for the trailing twelve months (TTM) ended in Dec. 2020 was $1,369 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Varian Medical Systems's gross profit for the three months ended in Dec. 2020 was $359 Mil. Varian Medical Systems's Revenue for the three months ended in Dec. 2020 was $779 Mil. Therefore, Varian Medical Systems's Gross Margin % for the quarter that ended in Dec. 2020 was 46.10%.
Varian Medical Systems had a gross margin of 46.10% for the quarter that ended in Dec. 2020 => Durable competitive advantage
During the past 13 years, the highest Gross Margin % of Varian Medical Systems was 43.92%. The lowest was 41.44%. And the median was 42.61%.
The historical data trend for Varian Medical Systems'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.
Varian Medical Systems Annual Data | |||||||||||||||||||||
Trend | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 1,104.70 | 1,113.90 | 1,273.60 | 1,370.30 | 1,377.20 |
Varian Medical Systems Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Gross Profit | Get a 7-Day Free Trial | 366.80 | 337.20 | 298.50 | 374.70 | 359.00 |
For the Medical Instruments & Supplies subindustry, Varian Medical Systems'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.
For the Medical Devices & Instruments industry and Healthcare sector, Varian Medical Systems's Gross Profit distribution charts can be found below:
* The bar in red indicates where Varian Medical Systems's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Varian Medical Systems's Gross Profit for the fiscal year that ended in Sep. 2020 is calculated as
Gross Profit (A: Sep. 2020 ) | = | Revenue | - | Cost of Goods Sold |
= | 3168.2 | - | 1791 | |
= | 1,377 |
Varian Medical Systems's Gross Profit for the quarter that ended in Dec. 2020 is calculated as
Gross Profit (Q: Dec. 2020 ) | = | Revenue | - | Cost of Goods Sold |
= | 778.8 | - | 419.8 | |
= | 359 |
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,369 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Varian Medical Systems's Gross Margin % for the quarter that ended in Dec. 2020 is calculated as
Gross Margin % (Q: Dec. 2020 ) | = | Gross Profit (Q: Dec. 2020 ) | / | Revenue (Q: Dec. 2020 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 359 | / | 778.8 | |
= | 46.10 % |
* 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.
Varian Medical Systems (NYSE:VAR) 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
Varian Medical Systems had a gross margin of 46.10% for the quarter that ended in Dec. 2020 => Durable competitive advantage
Thank you for viewing the detailed overview of Varian Medical Systems's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Jesse Michael Bruff | officer: SVP Finance, CFO | 3100 HANSEN WAY, PALO ALTO CA 94304 |
Magnus Momsen | officer: SVP, CAO, Corporate Controller | VARIAN MEDICAL SYSTEMS INC. 3100 HANSEN WAY MAIL STOP E327 PALO ALTO CA 94304 |
Dow R Wilson | director, officer: President and CEO | VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304 |
Kolleen T Kennedy | officer: Pres. Proton Solutions, CGO | VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304 |
Christopher A. Toth | officer: SVP and Pres. Oncology Systems | 1252 COOLIDGE AVE., SAN JOSE CA 95125 |
Michael Damon Hutchinson | officer: SVP,Chief Legal Officer, Secy | 2825 AIRVIEW BLVD, KALAMAZOO MI 49002 |
Jean Luc Butel | director | ONE BAXTER PARKWAY, DEERFIELD IL 60015 |
John W Kuo | officer: SVP, Gen Counsel and Secretary | VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304 |
Judy Bruner | director | C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035 |
Beau Michelle Le | director | 800 N. MICHIGAN AVENUE #3703 CHICAGO IL 60611 |
Anat Ashkenazi | director | LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285 |
Jeffrey R. Balser | director | 3657 RICHLAND AVE., NASHVILLE TN 37205 |
Regina E Dugan | director | VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304 |
David J Illingworth | director | 3100 HANSEN WAY PALO ALTO CA 94304 |
R Andrew Eckert | director | THREE RAVINIA DRIVE, ATLANTA GA 30346 |
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