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Dorman Products's gross profit for the three months ended in Dec. 2023 was $194 Mil. Dorman Products's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $685 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Dorman Products's gross profit for the three months ended in Dec. 2023 was $194 Mil. Dorman Products's Revenue for the three months ended in Dec. 2023 was $494 Mil. Therefore, Dorman Products's Gross Margin % for the quarter that ended in Dec. 2023 was 39.29%.
Dorman Products had a gross margin of 39.29% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highest Gross Margin % of Dorman Products was 39.71%. The lowest was 32.56%. And the median was 36.87%.
Warning Sign:
Dorman Products Inc gross margin has been in long-term decline. The average rate of decline per year is -1.6%.
The historical data trend for Dorman Products'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.
Dorman Products Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 339.83 | 383.12 | 462.92 | 564.45 | 685.42 |
Dorman Products 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 | 157.77 | 144.48 | 163.51 | 183.22 | 194.22 |
For the Auto Parts subindustry, Dorman Products'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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Dorman Products's Gross Profit distribution charts can be found below:
* The bar in red indicates where Dorman Products's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Dorman Products'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 |
= | 1929.788 | - | 1244.365 | |
= | 685 |
Dorman Products's Gross Profit for the quarter that ended in Dec. 2023 is calculated as
Gross Profit (Q: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 494.296 | - | 300.074 | |
= | 194 |
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 $685 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Dorman Products'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 | |
= | 194 | / | 494.296 | |
= | 39.29 % |
* 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.
Dorman Products (NAS:DORM) 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
Dorman Products had a gross margin of 39.29% for the quarter that ended in Dec. 2023 => Competition eroding margins
Thank you for viewing the detailed overview of Dorman Products's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
G. Michael Stakias | director | C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Lindsay Hunt | officer: Pres and CEO, Specialty Vehicl | 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Brian Borradaile | officer: SVP, Strategy & Corp Dev | 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Eric Luftig | officer: Senior Vice President, Product | 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Jeffery Darby | officer: SVP, Sales | C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Steven L Berman | director, 10 percent owner, officer: President, COO | |
James Darrell Thomas | director | 3700 JUNEAU AVENUE, MILWAUKEE WI 53208 |
John J Gavin | director | GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084 |
Donna M. Long | officer: SVP, CIO | 3400 EAST WALNUT STREET, COLMAR PA 18915 |
John Mcknight | officer: SVP, Operations | 3400 EAST WALNUT STREET, COLMAR PA 19103 |
Paul E Anderson | officer: President, Heavy Duty | 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Scott Leff | officer: SVP, CHRO | 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Michael Kealey | officer: SVP, Product | C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915 |
Lisa M Bachmann | director | 300 PHILLIPI ROAD, COLUMBUS OH 43228 |
Joseph P. Braun | officer: SVP and General Counsel | C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915 |
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