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CareTrust REIT (CareTrust REIT) Gross Profit : $189.0 Mil (TTM As of Dec. 2023)


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What is CareTrust REIT Gross Profit?

CareTrust REIT's gross profit for the three months ended in Dec. 2023 was $51.2 Mil. CareTrust REIT's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $189.0 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. CareTrust REIT's gross profit for the three months ended in Dec. 2023 was $51.2 Mil. CareTrust REIT's Revenue for the three months ended in Dec. 2023 was $53.5 Mil. Therefore, CareTrust REIT's Gross Margin % for the quarter that ended in Dec. 2023 was 95.71%.

CareTrust REIT had a gross margin of 95.71% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 12 years, the highest Gross Margin % of CareTrust REIT was 98.12%. The lowest was 87.77%. And the median was 92.71%.


CareTrust REIT Gross Profit Historical Data

The historical data trend for CareTrust REIT'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.

* Premium members only.

CareTrust REIT Gross Profit Chart

CareTrust REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 153.11 170.98 186.62 178.13 189.01

CareTrust REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.01 44.32 45.70 47.81 51.18

Competitive Comparison of CareTrust REIT's Gross Profit

For the REIT - Healthcare Facilities subindustry, CareTrust REIT'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.


CareTrust REIT's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CareTrust REIT's Gross Profit distribution charts can be found below:

* The bar in red indicates where CareTrust REIT's Gross Profit falls into.



CareTrust REIT Gross Profit Calculation

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

CareTrust REIT's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=198.599 - 9.593
=189.0

CareTrust REIT's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=53.473 - 2.296
=51.2

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 $189.0 Mil.

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

CareTrust REIT's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=51.2 / 53.473
=95.71 %

* 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.


CareTrust REIT  (NYSE:CTRE) 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

CareTrust REIT had a gross margin of 95.71% for the quarter that ended in Dec. 2023 => Durable competitive advantage


CareTrust REIT Gross Profit Related Terms

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CareTrust REIT (CareTrust REIT) Business Description

Traded in Other Exchanges
Address
905 Calle Amanecer, Suite 300, San Clemente, CA, USA, 92673
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
Executives
James Callister officer: Executive Vice President 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Anne Olson director 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Careina D. Williams director 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Spencer G Plumb director 17140 BERNARDO CENTER DRIVE, SUITE 300, SAN DIEGO CA 92128
Diana Laing director THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Mark D Lamb officer: Chief Investment Officer 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Gary B Sabin director 16955 VIA DEL CAMPO SUITE 110, SAN DIEGO CA 92127
Jon D Kline director 903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
William M Wagner officer: See Remarks 903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
David M. Sedgwick officer: Vice President of Operations 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Gregory K. Stapley director, officer: President and CEO 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Allen Barbieri director
David G. Lindahl director 27101 PUERTA REAL, SUITE 400, MISSION VIEJO CA 92691
Christopher R. Christensen director 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ensign Group, Inc 10 percent owner 29222 RANCHO VIEJO RD., SUITE 127, SAN JUAN CAPISTRANO CA 92675