Ryerson Holding's gross profit for the
three
months ended in Dec. 2023 was $247 Mil. Ryerson Holding's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,022 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Ryerson Holding's gross profit for the
three
months ended in Dec. 2023 was $247 Mil. Ryerson Holding's Revenue for the
three
months ended in Dec. 2023 was $1,112 Mil. Therefore, Ryerson Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 22.22%.
Ryerson Holding had a gross margin of 22.22% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Ryerson Holding was 20.72%. The lowest was 16.39%. And the median was 18.16%.
Ryerson Holding Gross Profit Historical Data
The historical data trend for Ryerson Holding'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.
Competitive Comparison of Ryerson Holding's Gross Profit
For the Metal Fabrication subindustry, Ryerson Holding'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.
Ryerson Holding's Gross Profit Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ryerson Holding's Gross Profit distribution charts can be found below:
* The bar in red indicates where Ryerson Holding's Gross Profit falls into.
Ryerson Holding Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Ryerson Holding's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 $1,022 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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
Ryerson Holding had a gross margin of 22.22% for the quarter that ended in Dec. 2023 => Competition eroding margins
Ryerson Holding Gross Profit Related Terms
Thank you for viewing the detailed overview of Ryerson Holding's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryerson Holding (Ryerson Holding) Business Description
Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminium, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.
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