Q.E.P. Co (Q.E.P. Co) Gross Profit : $127.7 Mil (TTM As of Nov. 2023)

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What is Q.E.P. Co Gross Profit?

Q.E.P. Co's gross profit for the three months ended in Nov. 2023 was $24.4 Mil. Q.E.P. Co's gross profit for the trailing twelve months (TTM) ended in Nov. 2023 was $127.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Q.E.P. Co's gross profit for the three months ended in Nov. 2023 was $24.4 Mil. Q.E.P. Co's Revenue for the three months ended in Nov. 2023 was $74.6 Mil. Therefore, Q.E.P. Co's Gross Margin % for the quarter that ended in Nov. 2023 was 32.75%.

Q.E.P. Co had a gross margin of 32.75% for the quarter that ended in Nov. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Q.E.P. Co was 28.15%. The lowest was 26.30%. And the median was 26.96%.

Q.E.P. Co Gross Profit Historical Data

The historical data trend for Q.E.P. Co'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.

* Premium members only.

Q.E.P. Co Gross Profit Chart

Q.E.P. Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Gross Profit

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100.60

103.92

108.69

120.75

114.04

Q.E.P. Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Gross Profit	Get a 7-Day Free Trial															20.69	44.60	29.35	29.36	24.42

Competitive Comparison of Q.E.P. Co's Gross Profit

For the Tools & Accessories subindustry, Q.E.P. Co'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.

Q.E.P. Co's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Q.E.P. Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Q.E.P. Co's Gross Profit falls into.

Q.E.P. Co Gross Profit Calculation

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

Q.E.P. Co's Gross Profit for the fiscal year that ended in Feb. 2023 is calculated as

Gross Profit (A: Feb. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	433.664	-	319.624
	=	114.0

Q.E.P. Co's Gross Profit for the quarter that ended in Nov. 2023 is calculated as

Gross Profit (Q: Nov. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	74.575	-	50.155
	=	24.4

Gross Profit for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $127.7 Mil.

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

Q.E.P. Co's Gross Margin % for the quarter that ended in Nov. 2023 is calculated as

Gross Margin % (Q: Nov. 2023 )	=	Gross Profit (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	24.4	/	74.575
	=	32.75 %

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.

Q.E.P. Co (OTCPK:QEPC) 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

Q.E.P. Co had a gross margin of 32.75% for the quarter that ended in Nov. 2023 => Competition eroding margins

Q.E.P. Co Gross Profit Related Terms

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Q.E.P. Co (Q.E.P. Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Q.E.P. Co Inc (OTCPK:QEPC) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Broken Sound Parkway North West, Suite A, Boca Raton, FL, USA, 33487

Website

https://www.qep.com

Q.E.P. Co Inc is a provider of flooring and industrial solutions. The company is a manufacturer, marketer, and distributor of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. It also provides industrial tools to the industrial trades under brand names including QEP, ROBERTS, Capitol, Harris Wood, Fausfloor, Vitrex, Homelux, TileRite, PRCI, Nupla, HISCO, Plasplugs, Ludell, Porta-Nails, Tomecanic, Benetiere, and Elastiment. The company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in an approx 50 states and throughout the world.

Executives

Lawrence P Levine	officer: SVP and General Counsel	1001 BROKEN SOUND PARKWAY NW, SUITE A, BOCA RATON FL 33487
Robert G Walters	director	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
Kenneth Weiss	officer: SVP Commercial Sales	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
David L Kreilein	director	2930 INDUSTRIEAL ST, WISCONSIN RAPIDS WI 54495-8020
Muir Robert W Jr	director
Laura M Holm	director	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
James Brower	officer: Chief Operating Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Jamie Clingan	officer: Vice President Marketing	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Bruce Maclaren	officer: Chief Executive Officer Europe	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
S Scott Fitzpatrick	officer: Chief Accounting Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Stuart F Fleischer	officer: Chief Financial Officer
Randall Paulfus	officer: Interim CFO	C/O PC UNIVERSE, INC., 504 NW 77TH STREET, BOCA RATON FL 33487
Richard A Brooke	officer: Senior Vice President	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, BOCA RATON FL 33487
Eric Demaree	officer: EVP, Sales	C/O Q.E.P. CO., INC., 1081 HOLLAND DRIVE, BOCA RATON FL 33487
Susan J Gould	10 percent owner