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SPDR S&P 500  (ARCA:SPY) Gross Profit: $0.00 Mil (TTM As of . 20)

SPDR S&P 500's gross profit for the six months ended in . 20 was $0.00 Mil. SPDR S&P 500's gross profit for the trailing twelve months (TTM) ended in . 20 was $0.00 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. SPDR S&P 500's gross profit for the six months ended in . 20 was $0.00 Mil. SPDR S&P 500's Revenue for the six months ended in . 20 was $0.00 Mil. Therefore, SPDR S&P 500's Gross Margin % for the quarter that ended in . 20 was %.

SPDR S&P 500 had a gross margin of % for the quarter that ended in . 20 => No sustainable competitive advantage


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

SPDR S&P 500 Annual Data

Gross Profit

SPDR S&P 500 Semi-Annual Data

Gross Profit

Competitive Comparison
* 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.


Calculation

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

SPDR S&P 500's Gross Profit for the fiscal year that ended in . 20 is calculated as

Gross Profit (A: . 20 )=Revenue - Cost of Goods Sold
= -
=0.00

SPDR S&P 500's Gross Profit for the quarter that ended in . 20 is calculated as

Gross Profit (Q: . 20 )=Revenue - Cost of Goods Sold
= -
=0.00

For stock reported semi-annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in . 20 was $0.00 Mil.

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

SPDR S&P 500's Gross Margin % for the quarter that ended in . 20 is calculated as

Gross Margin % (Q: . 20 )=Gross Profit (Q: . 20 ) / Revenue (Q: . 20 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.00 /
= %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


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

SPDR S&P 500 had a gross margin of % for the quarter that ended in . 20 => No sustainable competitive advantage


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