PRA Group (PRA Group) Gross Profit : $416.0 Mil (TTM As of Dec. 2023)

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What is PRA Group Gross Profit?

PRA Group's gross profit for the three months ended in Dec. 2023 was $119.6 Mil. PRA Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $416.0 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. PRA Group's gross profit for the three months ended in Dec. 2023 was $119.6 Mil. PRA Group's Revenue for the three months ended in Dec. 2023 was $223.3 Mil. Therefore, PRA Group's Gross Margin % for the quarter that ended in Dec. 2023 was 53.59%.

PRA Group had a gross margin of 53.59% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of PRA Group was 73.38%. The lowest was 51.02%. And the median was 63.41%.

Warning Sign:

PRA Group Inc gross margin has been in long-term decline. The average rate of decline per year is -3.7%.

PRA Group Gross Profit Historical Data

The historical data trend for PRA Group'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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PRA Group Gross Profit Chart

PRA Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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684.86

628.55

669.61

612.11

416.04

PRA Group 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															133.38	55.32	122.99	118.09	119.64

Competitive Comparison of PRA Group's Gross Profit

For the Credit Services subindustry, PRA Group'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.

PRA Group's Gross Profit Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PRA Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where PRA Group's Gross Profit falls into.

PRA Group Gross Profit Calculation

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

PRA Group'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
	=	815.497	-	399.462
	=	416.0

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	223.252	-	103.615
	=	119.6

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 $416.0 Mil.

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

PRA Group'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
	=	119.6	/	223.252
	=	53.59 %

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.

PRA Group (NAS:PRAA) 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

PRA Group had a gross margin of 53.59% for the quarter that ended in Dec. 2023 => Durable competitive advantage

PRA Group Gross Profit Related Terms

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PRA Group (PRA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PRA Group Inc (NAS:PRAA) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

POV1:Germany

Address

120 Corporate Boulevard, Norfolk, VA, USA, 23502

Website

https://www.pragroup.com

PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. With thousands of employees worldwide, PRA Group collaborate with customers to help them resolve their debt.

Executives

Rakesh Sehgal	officer: Chief Financial Officer	150 CORPORATE BLVD, NORFOLK VA 23502
Steven D Fredrickson	director, officer: President, CEO, Chairman	120 CORPORATE BLVD STE 100, NORFOLK VA 23502
Marjorie Mary Connelly	director	2580 PALMER DR, KESWICK VA 22947
Vikram A Atal	director	C/O THE STUDENT LOAN CORP. LEGAL DEPT., 750 WASHINGTON BLVD. 9TH FLOOR, STAMFORD CT 06901
Richard Owen James	officer: Global Investments Officer	150 CORPORATE BLVD, NORFOLK VA 23502
Steven C Roberts	officer: Chief Global Strategy Bus Dev	120 CORPORATE BLVD, NORFOLK VA 23502
Latisha Owens Tarrant	officer: General Counsel & CHRO	150 CORPORATE BLVD, NORFOLK VA 23502
Kevin P Stevenson	officer: EVP, CFO, Treasurer, Asst Secy	120 CORPORATE BLVD STE 100, NORFOLK VA 23502
Peter M Graham	officer: EVP, Chief Financial Officer	150 CORPORATE BLVD, NORFOLK VA 23502
John H Fain	director	REFLECTIONS II, THIRD FLOOR 200 GOLDEN OAK COURT, VIRGINIA BEACH VA 23452
Laura White	officer: Chief Compliance Officer	120 CORPORATE BLVD, NORFOLK VA 23502
Christopher B Graves	officer: EVP, Core Acquisitions	150 CORPORATE BOULEVARD, NORFOLK VA 23502
Christopher D. Lagow	officer: SVP- General Counsel	150 CORPORATE BLVD, NORFOLK VA 23502
Peggy P. Turner	director	6565 HEADQUARTERS DRIVE, PLANO TX 75024
Martin Sjolund	officer: Dir Europe Strategy & Bus Dev	3 EDDISCOMBE RD, LONDON X0 SW6 4TZ