The Goldfield's gross profit for the
three
months ended in Sep. 2020 was $8.5 Mil. The Goldfield's gross profit for the trailing twelve months (TTM) ended in Sep. 2020 was $34.6 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. The Goldfield's gross profit for the
three
months ended in Sep. 2020 was $8.5 Mil. The Goldfield's Revenue for the
three
months ended in Sep. 2020 was $48.4 Mil. Therefore, The Goldfield's Gross Margin % for the quarter that ended in Sep. 2020 was 17.63%.
The Goldfield had a gross margin of 17.63% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage
The Goldfield Gross Profit Historical Data
The historical data trend for The Goldfield'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 The Goldfield's Gross Profit
For the Engineering & Construction subindustry, The Goldfield'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.
The Goldfield's Gross Profit Distribution in the Construction Industry
For the Construction industry and Industrials sector, The Goldfield's Gross Profit distribution charts can be found below:
* The bar in red indicates where The Goldfield's Gross Profit falls into.
The Goldfield Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
The Goldfield's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $34.6 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
The Goldfield (AMEX:GV) 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
The Goldfield had a gross margin of 17.63% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage
The Goldfield Gross Profit Related Terms
Thank you for viewing the detailed overview of The Goldfield's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
The Goldfield (The Goldfield) Business Description
The Goldfield Corp operates in the energy infrastructure industry. It is primarily engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The company specializes in installing and maintaining electrical transmission lines for a wide range of electric utilities. It is also a real estate developer of residential properties on the east coast of Florida. The principal market for its electrical construction operation is primarily in the Southeast and mid-Atlantic regions of the United States and Texas. The company operates in the segments of Electrical construction and Real estate development, of which a majority of the revenue is derived from the Electrical construction segment.
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