LGL Group's gross profit for the
three
months ended in Dec. 2023 was $0.25 Mil. LGL Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $0.93 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. LGL Group's gross profit for the
three
months ended in Dec. 2023 was $0.25 Mil. LGL Group's Revenue for the
three
months ended in Dec. 2023 was $0.45 Mil. Therefore, LGL Group's Gross Margin % for the quarter that ended in Dec. 2023 was 54.93%.
LGL Group had a gross margin of 54.93% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of LGL Group was 53.94%. The lowest was 27.50%. And the median was 36.96%.
LGL Group Gross Profit Historical Data
The historical data trend for LGL 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.
Competitive Comparison of LGL Group's Gross Profit
For the Electronic Components subindustry, LGL 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.
LGL Group's Gross Profit Distribution in the Hardware Industry
For the Hardware industry and Technology sector, LGL Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where LGL Group's Gross Profit falls into.
LGL Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
LGL Group'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 $0.93 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.
LGL Group (AMEX:LGL) 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
LGL Group had a gross margin of 54.93% for the quarter that ended in Dec. 2023 => Durable competitive advantage
LGL Group Gross Profit Related Terms
Thank you for viewing the detailed overview of LGL Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
LGL Group Inc is engaged in investment and manufacturing business activities. Its Electronic components segment is focused on the design and manufacture of engineered frequency and spectrum control products. The company's Electronic instruments segment is focused on the design and manufacture of high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. Majority of its revenue is derived from the Electronic components segment.
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