TTEC Holdings's gross profit for the
three
months ended in Dec. 2023 was $120 Mil. TTEC Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $530 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. TTEC Holdings's gross profit for the
three
months ended in Dec. 2023 was $120 Mil. TTEC Holdings's Revenue for the
three
months ended in Dec. 2023 was $626 Mil. Therefore, TTEC Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 19.22%.
TTEC Holdings had a gross margin of 19.22% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of TTEC Holdings was 28.61%. The lowest was 21.52%. And the median was 24.95%.
Warning Sign:
TTEC Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -1.3%.
TTEC Holdings Gross Profit Historical Data
The historical data trend for TTEC Holdings'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 TTEC Holdings's Gross Profit
For the Information Technology Services subindustry, TTEC Holdings'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.
TTEC Holdings's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, TTEC Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where TTEC Holdings's Gross Profit falls into.
TTEC Holdings Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
TTEC Holdings'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 $530 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.
TTEC Holdings (NAS:TTEC) 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
TTEC Holdings had a gross margin of 19.22% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
TTEC Holdings Gross Profit Related Terms
Thank you for viewing the detailed overview of TTEC Holdings's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
TTEC Holdings (TTEC Holdings) Business Description
TTEC Holdings Inc provides customer engagement management tools and services. The company operates through four operating segments that are organized into two groups, TTEC Digital and TTEC Engage. TTEC Digital is engaged in building and implementing cloud-based and on-premises customer experience tools that enable clients to develop customer engagement strategies. TTEC Engage focuses on delivering sales and marketing solutions to help clients boost their revenue as well as on managing customer's front-to-back office processes to optimize the customer experience. TTEC Engage contributes the vast majority of the company's revenue, and most of the sales are derived from the United States and Canada, followed by Philippines, Asia-Pacific and India.
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