Westport Fuel Systems's gross profit for the
three
months ended in Dec. 2023 was $8.0 Mil. Westport Fuel Systems's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $48.9 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Westport Fuel Systems's gross profit for the
three
months ended in Dec. 2023 was $8.0 Mil. Westport Fuel Systems's Revenue for the
three
months ended in Dec. 2023 was $87.1 Mil. Therefore, Westport Fuel Systems's Gross Margin % for the quarter that ended in Dec. 2023 was 9.16%.
Westport Fuel Systems had a gross margin of 9.16% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Westport Fuel Systems was 26.23%. The lowest was 11.84%. And the median was 18.95%.
Warning Sign:
Westport Fuel Systems Inc gross margin has been in long-term decline. The average rate of decline per year is -11.6%.
Westport Fuel Systems Gross Profit Historical Data
The historical data trend for Westport Fuel 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.
Competitive Comparison of Westport Fuel Systems's Gross Profit
For the Auto Parts subindustry, Westport Fuel 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.
Westport Fuel Systems's Gross Profit Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Westport Fuel Systems's Gross Profit distribution charts can be found below:
* The bar in red indicates where Westport Fuel Systems's Gross Profit falls into.
Westport Fuel Systems Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Westport Fuel Systems'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 $48.9 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Westport Fuel Systems's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* 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.
Westport Fuel Systems (NAS:WPRT) 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
Westport Fuel Systems had a gross margin of 9.16% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Westport Fuel Systems Gross Profit Related Terms
Thank you for viewing the detailed overview of Westport Fuel Systems's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Westport Fuel Systems (Westport Fuel Systems) Business Description
Westport Fuel Systems Inc is an organization engaged in the engineering, manufacturing, and supply of alternative fuel systems and components for transportation applications. It has three operating segments; the Original Equipment Manufacturers segment-design, manufacture, and sell alternative fuel systems, components and electronics, and related engineering services, to OEMs that serve light-duty, medium-duty, and heavy-duty customers, the Independent Aftermarket segment includes IAM products, conversion kits, and components allow for the conversion of vehicles after being sold to the end-user through a network of dealers and installers, and Corporate includes public company activities, corporate oversight, financing, and capital allocation.
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