Ross Stores's gross profit for the
three
months ended in Jan. 2024 was $1,647 Mil. Ross Stores's gross profit for the trailing twelve months (TTM) ended in Jan. 2024 was $5,575 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Ross Stores's gross profit for the
three
months ended in Jan. 2024 was $1,647 Mil. Ross Stores's Revenue for the
three
months ended in Jan. 2024 was $6,023 Mil. Therefore, Ross Stores's Gross Margin % for the quarter that ended in Jan. 2024 was 27.35%.
Ross Stores had a gross margin of 27.35% for the quarter that ended in Jan. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Ross Stores was 28.95%. The lowest was 21.49%. And the median was 28.09%.
Ross Stores Gross Profit Historical Data
The historical data trend for Ross Stores'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.
For the Apparel Retail subindustry, Ross Stores'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.
Ross Stores Gross Profit Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Ross Stores's Gross Profit distribution charts can be found below:
* The bar in red indicates where Ross Stores's Gross Profit falls into.
Ross Stores Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Ross Stores's Gross Profit for the fiscal year that ended in Jan. 2024 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,575 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Ross Stores's Gross Margin % for the quarter that ended in Jan. 2024 is calculated as
* 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.
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.
Ross Stores (NAS:ROST) 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
Ross Stores had a gross margin of 27.35% for the quarter that ended in Jan. 2024 => Competition eroding margins
Ross Stores Gross Profit Related Terms
Thank you for viewing the detailed overview of Ross Stores's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.
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