iRobot's gross profit for the
three
months ended in Jun. 2023 was $54 Mil. iRobot's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was $252 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. iRobot's gross profit for the
three
months ended in Jun. 2023 was $54 Mil. iRobot's Revenue for the
three
months ended in Jun. 2023 was $237 Mil. Therefore, iRobot's Gross Margin % for the quarter that ended in Jun. 2023 was 22.62%.
iRobot had a gross margin of 22.62% for the quarter that ended in Jun. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of iRobot was 50.84%. The lowest was 24.37%. And the median was 46.59%.
Warning Sign:
iRobot Corp gross margin has been in long-term decline. The average rate of decline per year is -9.7%.
iRobot Gross Profit Historical Data
The historical data trend for iRobot'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.
iRobot Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Gross Profit
555.43
543.93
670.23
550.30
350.09
iRobot Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Gross Profit
80.95
76.41
85.23
36.55
53.50
Competitive Comparison
For the Furnishings, Fixtures & Appliances subindustry, iRobot'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.
iRobot Gross Profit Distribution
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, iRobot's Gross Profit distribution charts can be found below:
* The bar in red indicates where iRobot's Gross Profit falls into.
iRobot Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
iRobot's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $252 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
iRobot's Gross Margin % for the quarter that ended in Jun. 2023 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.
iRobot (NAS:IRBT) 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
iRobot had a gross margin of 22.62% for the quarter that ended in Jun. 2023 => Competition eroding margins
iRobot Gross Profit Related Terms
Thank you for viewing the detailed overview of iRobot's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
iRobot Corp is a united state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online store. The company derives its revenue from the product sales. It sells the products across the United States and around the world.
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