Market Cap : 6.37 B | Enterprise Value : 9.35 B | PE Ratio : 12.57 | PB Ratio : 1.81 |
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Proximus's gross profit for the three months ended in Dec. 2020 was $1,073 Mil. Proximus's gross profit for the trailing twelve months (TTM) ended in Dec. 2020 was $4,096 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Proximus's gross profit for the three months ended in Dec. 2020 was $1,073 Mil. Proximus's Revenue for the three months ended in Dec. 2020 was $1,680 Mil. Therefore, Proximus's Gross Margin % for the quarter that ended in Dec. 2020 was 63.87%.
Proximus had a gross margin of 63.87% for the quarter that ended in Dec. 2020 => Durable competitive advantage
During the past 13 years, the highest Gross Margin % of Proximus was 64.72%. The lowest was 58.95%. And the median was 60.22%.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* The bar in red indicates where Proximus's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Proximus's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as
Gross Profit (A: Dec. 2020 ) | = | Revenue | - | Cost of Goods Sold |
= | 6621.6545012165 | - | 2312.6520681265 | |
= | 4,309 |
Proximus's Gross Profit for the quarter that ended in Dec. 2020 is calculated as
Gross Profit (Q: Dec. 2020 ) | = | Revenue | - | Cost of Goods Sold |
= | 1680.0486618005 | - | 607.05596107056 | |
= | 1,073 |
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2020 was 987.8453038674 (Mar. 2020 ) + 981.98198198198 (Jun. 2020 ) + 1053.0035335689 (Sep. 2020 ) + 1072.9927007299 (Dec. 2020 ) = $4,096 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Proximus's Gross Margin % for the quarter that ended in Dec. 2020 is calculated as
Gross Margin % (Q: Dec. 2020 ) | = | Gross Profit (Q: Dec. 2020 ) | / | Revenue (Q: Dec. 2020 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 1,073 | / | 1680.0486618005 | |
= | 63.87 % |
* 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.
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
Proximus had a gross margin of 63.87% for the quarter that ended in Dec. 2020 => Durable competitive advantage
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