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Veeva Systems Gross Profit

: $990 Mil (TTM As of Oct. 2020)
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Veeva Systems's gross profit for the three months ended in Oct. 2020 was $275 Mil. Veeva Systems's gross profit for the trailing twelve months (TTM) ended in Oct. 2020 was $990 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Veeva Systems's gross profit for the three months ended in Oct. 2020 was $275 Mil. Veeva Systems's Revenue for the three months ended in Oct. 2020 was $378 Mil. Therefore, Veeva Systems's Gross Margin % for the quarter that ended in Oct. 2020 was 72.72%.

Veeva Systems had a gross margin of 72.72% for the quarter that ended in Oct. 2020 => Durable competitive advantage

During the past 10 years, the highest Gross Margin % of Veeva Systems was 72.52%. The lowest was 52.57%. And the median was 64.16%.


Veeva Systems 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.

Veeva Systems Annual Data
Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 267.01 376.86 479.14 616.93 800.71

Veeva Systems Quarterly Data
Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20
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 207.59 217.19 242.23 256.48 274.52

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.


Veeva Systems Gross Profit Distribution

* The bar in red indicates where Veeva Systems's Gross Profit falls into.



Veeva Systems Gross Profit Calculation

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

Veeva Systems's Gross Profit for the fiscal year that ended in Jan. 2020 is calculated as

Gross Profit (A: Jan. 2020 )=Revenue - Cost of Goods Sold
=1104.081 - 303.369
=801

Veeva Systems's Gross Profit for the quarter that ended in Oct. 2020 is calculated as

Gross Profit (Q: Oct. 2020 )=Revenue - Cost of Goods Sold
=377.519 - 102.997
=275

Gross Profit for the trailing twelve months (TTM) ended in Oct. 2020 was 217.189 (Jan. 2020 ) + 242.226 (Apr. 2020 ) + 256.479 (Jul. 2020 ) + 274.522 (Oct. 2020 ) = $990 Mil.

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

Veeva Systems's Gross Margin % for the quarter that ended in Oct. 2020 is calculated as

Gross Margin % (Q: Oct. 2020 )=Gross Profit (Q: Oct. 2020 ) / Revenue (Q: Oct. 2020 )
=(Revenue - Cost of Goods Sold) / Revenue
=275 / 377.519
=72.72 %

* 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.


Veeva Systems  (NYSE:VEEV) 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

Veeva Systems had a gross margin of 72.72% for the quarter that ended in Oct. 2020 => Durable competitive advantage


Veeva Systems Gross Profit Related Terms


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