SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'Gross Profit'
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eXp World Holdings's gross profit for the three months ended in Dec. 2023 was $71 Mil. eXp World Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $324 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. eXp World Holdings's gross profit for the three months ended in Dec. 2023 was $71 Mil. eXp World Holdings's Revenue for the three months ended in Dec. 2023 was $983 Mil. Therefore, eXp World Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 7.21%.
eXp World Holdings had a gross margin of 7.21% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of eXp World Holdings was 16.97%. The lowest was 7.57%. And the median was 8.73%.
Warning Sign:
eXp World Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -1.9%.
The historical data trend for eXp World Holdings'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.
For the Real Estate Services subindustry, eXp World Holdings'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 Real Estate industry and Real Estate sector, eXp World Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where eXp World Holdings's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
eXp World Holdings'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 |
= | 4281.105 | - | 3957.054 | |
= | 324 |
eXp World Holdings's Gross Profit for the quarter that ended in Dec. 2023 is calculated as
Gross Profit (Q: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 983.049 | - | 912.196 | |
= | 71 |
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 $324 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
eXp World Holdings'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 | |
= | 71 | / | 983.049 | |
= | 7.21 % |
* 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.
eXp World Holdings (NAS:EXPI) 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
eXp World Holdings had a gross margin of 7.21% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Thank you for viewing the detailed overview of eXp World Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Gesing | director, officer: President | 291 MAIN STREET, WEST NEWBURY MA 01985 |
Fred Reichheld | director | 131 DARTMOUTH STREET, BOSTON MA 02116 |
Jose Enrique Valdes | officer: President, eXp Global | 2219 RIMLAND DR STE 301, BELLINGHAM WA 98226 |
Jeff Whiteside | officer: CFO and CCO | 2219 RIMLAND DRIVE, SUITE 301, BELLINGHAM WA 98226 |
James Bramble | officer: General Counsel | 3838 W PARKWAY BLVD, SALT LAKE CITY X1 84120 |
Jian Cheng | officer: Controller | 303 VICTORIA WAY, CHALFONT PA 18914 |
Randall D Miles | director | 1321 KING STREET, SUITE 1, BELLINGHAM WA 98226 |
Penny Sanford | 10 percent owner | 3488 SPRINGHILL PLACE, BELLINGHAM WA 98226 |
Glenn Darrel Sanford | director, 10 percent owner, officer: Pres., Secretary, Treasurer | 910 HARRIS AVENUE, #305, BELLINGHAM WA 98225 |
Chakarun Courtney Keating | officer: Chief Marketing Officer | 2219 RIMLAND DR STE 301, BELLINGHAM WA 98226 |
Peggie Pelosi | director | 3838 WEST PARKWAY BLVD., SALT LAKE CITY UT 84111 |
Eugene Frederick | director | 2219 RIMLAND DRIVE, SUITE 301, BELLINGHAM WA 98226 |
Leonardo Pareja | officer: Chief Strategy Officer | 2219 RIMLAND DR STE 301, BELLINGHAM WA 98226 |
Monica Weakley | director | 2219 RIMLAND DR STE 301, BELLINGHAM WA 98226 |
Felicia J. Gentry | director | 201 UNIVERSITY OAKS BLVD STE 540-121, ROUND ROCK TX 78665 |
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