Net Element (Net Element) Gross Profit : $11.83 Mil (TTM As of Jun. 2021)

Net Element Gross Profit Chart

Net Element Annual Data
	Trend	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Gross Profit		Get a 7-Day Free Trial					8.58	8.83	10.17	10.28	9.84

Net Element Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Gross Profit	Get a 7-Day Free Trial															2.18	2.17	2.95	3.00	3.71

Competitive Comparison of Net Element's Gross Profit

For the Software - Infrastructure subindustry, Net Element'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.

Net Element's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Net Element's Gross Profit distribution charts can be found below:

* The bar in red indicates where Net Element's Gross Profit falls into.

Net Element Gross Profit Calculation

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

Net Element's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Net Element's Gross Profit for the quarter that ended in Jun. 2021 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.83 Mil.

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

Net Element's Gross Margin % for the quarter that ended in Jun. 2021 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.

Net Element  (NAS:NETE) 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

Net Element had a gross margin of 11.14% for the quarter that ended in Jun. 2021 => No sustainable competitive advantage

Net Element Gross Profit Related Terms

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Net Element (Net Element) Business Description