Nova Lifestyle (Nova Lifestyle) Gross Profit : $4.17 Mil (TTM As of Dec. 2023)

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What is Nova Lifestyle Gross Profit?

Nova Lifestyle's gross profit for the three months ended in Dec. 2023 was $1.00 Mil. Nova Lifestyle's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $4.17 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Nova Lifestyle's gross profit for the three months ended in Dec. 2023 was $1.00 Mil. Nova Lifestyle's Revenue for the three months ended in Dec. 2023 was $2.27 Mil. Therefore, Nova Lifestyle's Gross Margin % for the quarter that ended in Dec. 2023 was 43.98%.

Nova Lifestyle had a gross margin of 43.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Nova Lifestyle was 43.98%. The lowest was -175.26%. And the median was 17.96%.

Nova Lifestyle Gross Profit Historical Data

The historical data trend for Nova Lifestyle'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.

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Nova Lifestyle Gross Profit Chart

Nova Lifestyle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1.29

-19.89

5.52

-7.78

4.17

Nova Lifestyle 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															-6.90	0.66	1.45	1.07	1.00

Competitive Comparison of Nova Lifestyle's Gross Profit

For the Furnishings, Fixtures & Appliances subindustry, Nova Lifestyle'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.

Nova Lifestyle's Gross Profit Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nova Lifestyle's Gross Profit distribution charts can be found below:

* The bar in red indicates where Nova Lifestyle's Gross Profit falls into.

Nova Lifestyle Gross Profit Calculation

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

Nova Lifestyle'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
	=	11.087	-	6.913
	=	4.17

Nova Lifestyle's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2.274	-	1.274
	=	1.00

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 $4.17 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Nova Lifestyle'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
	=	1.00	/	2.274
	=	43.98 %

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.

Nova Lifestyle (NAS:NVFY) 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

Nova Lifestyle had a gross margin of 43.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Nova Lifestyle Gross Profit Related Terms

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Nova Lifestyle (Nova Lifestyle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nova Lifestyle Inc (NAS:NVFY) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

15N:Germany

Address

6565 East Washington Boulevard, Commerce, CA, USA, 90040

Website

https://www.novalifestyle.com

Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings. The Company operates in one business and industry segment: the design and sale of furniture.

Executives

Umesh Patel	director	6565 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Min Su	director, officer: Corporate Secretary	C/O NOVA LIFESTYLE, INC., 6565 E WASHINGTON BLVD, COMMERCE CA 90040
Jeffrey Chuang	officer: Chief Financial Officer	C/O NOVA LIFESTYLE, INC., 6565 E. WASHINGTON BLVD, COMMERCE CA 90040
Steven Qiang Liu	10 percent owner	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Yuen Ching Ho	10 percent owner, officer: Chief Financial Officer	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Huy P La	director	6565 E WASHINGTON BLVD, COMMERCE CA 90040
Joyal St.	10 percent owner	6565 E WASHINGTON BLVD #518, COMMERCE CA 90040
Ya Ming Wong	director, 10 percent owner, officer: CEO and Chairman	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Thanh H Lam	director, officer: President	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Peter M Kam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Bin Liu	director	40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
James R Talevich	director	20202 WINDROW DR, LAKE FOREST CA 92630
Michael J Viotto	director	444 E. HUNTINGTON DR., SUITE 105, ARCADIA CA 91006
Chung Shing Yam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Alex Li	director, 10 percent owner, officer: President & CEO	NO. 6 JIEFANGNAN LU, HEXI DISTRICT, TIANJIN F4 30000