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Performant Financial Gross Profit

: $159.4 Mil (TTM As of Jun. 2020)
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Performant Financial's gross profit for the three months ended in Jun. 2020 was $33.8 Mil. Performant Financial's gross profit for the trailing twelve months (TTM) ended in Jun. 2020 was $159.4 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Performant Financial's gross profit for the three months ended in Jun. 2020 was $33.8 Mil. Performant Financial's Revenue for the three months ended in Jun. 2020 was $33.8 Mil. Therefore, Performant Financial's Gross Margin % for the quarter that ended in Jun. 2020 was N/A%.

Performant Financial had a gross margin of N/A% for the quarter that ended in Jun. 2020 => No sustainable competitive advantage


Performant Financial Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Performant Financial Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 159.38 141.36 132.05 155.67 150.43

Performant Financial Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.83 35.90 43.82 45.89 33.79

Competitive Comparison
* 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.


Performant Financial Gross Profit Distribution

* The bar in red indicates where Performant Financial's Gross Profit falls into.



Performant Financial Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Performant Financial's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as

Gross Profit (A: Dec. 2019 )=Revenue - Cost of Goods Sold
=150.432 - 0
=150.4

Performant Financial's Gross Profit for the quarter that ended in Jun. 2020 is calculated as

Gross Profit (Q: Jun. 2020 )=Revenue - Cost of Goods Sold
=33.785 - 0
=33.8

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2020 was 35.903 (Sep. 2019 ) + 43.823 (Dec. 2019 ) + 45.888 (Mar. 2020 ) + 33.785 (Jun. 2020 ) = $159.4 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Performant Financial's Gross Margin % for the quarter that ended in Jun. 2020 is calculated as

Gross Margin % (Q: Jun. 2020 )=Gross Profit (Q: Jun. 2020 ) / Revenue (Q: Jun. 2020 )
=(Revenue - Cost of Goods Sold) / Revenue
=33.8 / 33.785
=N/A %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Performant Financial  (NAS:PFMT) 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

Performant Financial had a gross margin of N/A% for the quarter that ended in Jun. 2020 => No sustainable competitive advantage


Performant Financial Gross Profit Related Terms


Performant Financial Gross Profit Headlines

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