Electro Rent (Electro Rent) Gross Profit : $129.3 Mil (TTM As of Feb. 2016)

Electro Rent Gross Profit Chart

Electro Rent Annual Data
	Trend	May06	May07	May08	May09	May10	May11	May12	May13	May14	May15
Gross Profit		Get a 7-Day Free Trial					132.07	142.99	150.05	148.09	138.69

Electro Rent Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Gross Profit	Get a 7-Day Free Trial															32.20	34.60	33.57	32.22	28.92

Competitive Comparison of Electro Rent's Gross Profit

For the Rental & Leasing Services subindustry, Electro Rent'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.

Electro Rent's Gross Profit Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Electro Rent's Gross Profit distribution charts can be found below:

* The bar in red indicates where Electro Rent's Gross Profit falls into.

Electro Rent Gross Profit Calculation

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

Electro Rent's Gross Profit for the fiscal year that ended in May. 2015 is calculated as

Electro Rent's Gross Profit for the quarter that ended in Feb. 2016 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $129.3 Mil.

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

Electro Rent's Gross Margin % for the quarter that ended in Feb. 2016 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.

Electro Rent  (NAS:ELRC) 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

Electro Rent had a gross margin of 73.21% for the quarter that ended in Feb. 2016 => Durable competitive advantage

Electro Rent Gross Profit Related Terms

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Electro Rent (Electro Rent) Business Description