LCI Industries's gross profit for the
three
months ended in Dec. 2023 was $161 Mil. LCI Industries's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $776 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. LCI Industries's gross profit for the
three
months ended in Dec. 2023 was $161 Mil. LCI Industries's Revenue for the
three
months ended in Dec. 2023 was $838 Mil. Therefore, LCI Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 19.23%.
LCI Industries had a gross margin of 19.23% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of LCI Industries was 25.55%. The lowest was 20.51%. And the median was 22.85%.
LCI Industries Gross Profit Historical Data
The historical data trend for LCI Industries'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.
Competitive Comparison of LCI Industries's Gross Profit
For the Recreational Vehicles subindustry, LCI Industries'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.
LCI Industries's Gross Profit Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Gross Profit distribution charts can be found below:
* The bar in red indicates where LCI Industries's Gross Profit falls into.
LCI Industries Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
LCI Industries's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 $776 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
LCI Industries had a gross margin of 19.23% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
LCI Industries Gross Profit Related Terms
Thank you for viewing the detailed overview of LCI Industries's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
LCI Industries (LCI Industries) Business Description
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.
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