ICL Group (ICL Group) Gross Profit : $2,619 Mil (TTM As of Dec. 2023)

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What is ICL Group Gross Profit?

ICL Group's gross profit for the three months ended in Dec. 2023 was $560 Mil. ICL Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,619 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. ICL Group's gross profit for the three months ended in Dec. 2023 was $560 Mil. ICL Group's Revenue for the three months ended in Dec. 2023 was $1,690 Mil. Therefore, ICL Group's Gross Margin % for the quarter that ended in Dec. 2023 was 33.14%.

ICL Group had a gross margin of 33.14% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of ICL Group was 50.24%. The lowest was 29.55%. And the median was 33.92%.

ICL Group Gross Profit Historical Data

The historical data trend for ICL Group'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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ICL Group Gross Profit Chart

ICL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1,817.00

1,490.00

2,611.00

5,032.00

2,671.00

ICL Group 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															933.00	828.00	645.00	586.00	560.00

Competitive Comparison of ICL Group's Gross Profit

For the Agricultural Inputs subindustry, ICL Group'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.

ICL Group's Gross Profit Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, ICL Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where ICL Group's Gross Profit falls into.

ICL Group Gross Profit Calculation

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

ICL Group'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
	=	7536	-	4865
	=	2,671

ICL Group's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1690	-	1130
	=	560

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 $2,619 Mil.

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

ICL Group'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
	=	560	/	1690
	=	33.14 %

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.

ICL Group (NYSE:ICL) 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

ICL Group had a gross margin of 33.14% for the quarter that ended in Dec. 2023 => Competition eroding margins

ICL Group Gross Profit Related Terms

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ICL Group (ICL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ICL Group Ltd (NYSE:ICL) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

ICL:Israel

Address

23 Aranha Street, P.O. Box 20245, Millennium Tower, Tel-Aviv, ISR, 61202

Website

https://www.icl-group.com

ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids. Its geographical segments are Europe, Asia, North and South America, and the Rest of the world.