Tomra Systems ASA (HAM:TMRA) Gross Profit

: €763 Mil (TTM As of Dec. 2023)

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Tomra Systems ASA's gross profit for the three months ended in Dec. 2023 was €373 Mil. Tomra Systems ASA's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was €763 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tomra Systems ASA's gross profit for the three months ended in Dec. 2023 was €373 Mil. Tomra Systems ASA's Revenue for the three months ended in Dec. 2023 was €358 Mil. Therefore, Tomra Systems ASA's Gross Margin % for the quarter that ended in Dec. 2023 was 103.98%.

Tomra Systems ASA had a gross margin of 103.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Tomra Systems ASA was 61.48%. The lowest was 55.25%. And the median was 58.24%.

Tomra Systems ASA Gross Profit Historical Data

The historical data trend for Tomra Systems ASA'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.

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Tomra Systems ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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570.54

576.98

646.91

681.41

761.92

Tomra Systems ASA 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															339.65	115.59	140.86	133.41	372.67

Competitive Comparison

For the Waste Management subindustry, Tomra Systems ASA'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.

Tomra Systems ASA Gross Profit Distribution

For the Waste Management industry and Industrials sector, Tomra Systems ASA's Gross Profit distribution charts can be found below:

* The bar in red indicates where Tomra Systems ASA's Gross Profit falls into.

Tomra Systems ASA Gross Profit Calculation

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

Tomra Systems ASA'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
	=	1282.665	-	520.747
	=	762

Tomra Systems ASA's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	358.398	-	-14.273
	=	373

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 €763 Mil.

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

Tomra Systems ASA'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
	=	373	/	358.398
	=	103.98 %

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.

Tomra Systems ASA (HAM:TMRA) 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

Tomra Systems ASA had a gross margin of 103.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Tomra Systems ASA Gross Profit Related Terms

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Tomra Systems ASA (HAM:TMRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (HAM:TMRA) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

TMRAY:USA TMRAF:USA TOMo:Sweden TOM:Norway 0KV7:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe, North America and Rest of World.

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