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GURUFOCUS.COM » STOCK LIST » Technology » Software » Elastic NV (NYSE:ESTC) » Definitions » Gross Profit

Elastic NV (Elastic NV) Gross Profit

: $896 Mil (TTM As of Jan. 2024)
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Elastic NV's gross profit for the three months ended in Jan. 2024 was $243 Mil. Elastic NV's gross profit for the trailing twelve months (TTM) ended in Jan. 2024 was $896 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Elastic NV's gross profit for the three months ended in Jan. 2024 was $243 Mil. Elastic NV's Revenue for the three months ended in Jan. 2024 was $328 Mil. Therefore, Elastic NV's Gross Margin % for the quarter that ended in Jan. 2024 was 74.19%.

Elastic NV had a gross margin of 74.19% for the quarter that ended in Jan. 2024 => Durable competitive advantage

During the past 7 years, the highest Gross Margin % of Elastic NV was 77.49%. The lowest was 71.28%. And the median was 73.08%.

Elastic NV Gross Profit Historical Data

The historical data trend for Elastic NV'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.

Elastic NV Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Gross Profit
Premium Member Only Premium Member Only 193.64 304.93 447.44 630.18 772.36

Elastic NV Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Gross Profit 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 Premium Member Only Premium Member Only Premium Member Only 199.36 206.26 216.28 230.52 243.32
Competitive Comparison

For the Software - Application subindustry, Elastic NV'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.

Elastic NV Gross Profit Distribution

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

* The bar in red indicates where Elastic NV's Gross Profit falls into.


Elastic NV Gross Profit Calculation

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

Elastic NV's Gross Profit for the fiscal year that ended in Apr. 2023 is calculated as

Gross Profit (A: Apr. 2023 )=Revenue - Cost of Goods Sold
=1068.989 - 296.626
=772

Elastic NV's Gross Profit for the quarter that ended in Jan. 2024 is calculated as

Gross Profit (Q: Jan. 2024 )=Revenue - Cost of Goods Sold
=327.957 - 84.642
=243

Gross Profit for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $896 Mil.

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

Elastic NV's Gross Margin % for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )=Gross Profit (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=243 / 327.957
=74.19 %

* 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.

Elastic NV  (NYSE:ESTC) 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

Elastic NV had a gross margin of 74.19% for the quarter that ended in Jan. 2024 => Durable competitive advantage

Elastic NV Gross Profit Related Terms

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Elastic NV (Elastic NV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Elastic NV (NYSE:ESTC) » Definitions » Gross Profit
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GWRE DOCU APPF GTLB MNDY ZI NEWR PCOR DUOL MSTR CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
ESTC:Mexico 3E1:Germany 3E1:Germany E2ST34:Brazil
Address
Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED
Website
https://www.elastic.co
Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
Executives
Alison Gleeson director C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Shelley B Leibowitz director C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Carolyn Herzog officer: Chief Legal Officer C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ken Exner officer: Chief Product Officer C/O ELASTIC NV, 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ashutosh Kulkarni officer: Chief Executive Officer 6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Shay Banon director, 10 percent owner, officer: CEO and Chairman C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Janesh Moorjani officer: Chief Financial Officer C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Chetan Puttagunta director 2855 SAND HILL ROAD, MENLO PARK CA 94025
Auvil Paul R. Iii director C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089
Sohaib Abbasi director 100 EAST DAVIE STREET, RALEIGH NC 27601
Jonathan Chadwick director 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Garrett W.h. Baird officer: SVP and General Counsel C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Peter H Fenton director, 10 percent owner 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Paul Andrew Appleby officer: President, Worldwide Field Ops C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Steven Schuurman director, 10 percent owner C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040