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WageWorks's gross profit for the three months ended in Jun. 2019 was $72.0 Mil. WageWorks's gross profit for the trailing twelve months (TTM) ended in Jun. 2019 was $306.6 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. WageWorks's gross profit for the three months ended in Jun. 2019 was $72.0 Mil. WageWorks's Revenue for the three months ended in Jun. 2019 was $108.6 Mil. Therefore, WageWorks's Gross Margin % for the quarter that ended in Jun. 2019 was 66.25%.
WageWorks had a gross margin of 66.25% for the quarter that ended in Jun. 2019 => Durable competitive advantage
The historical data trend for WageWorks'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.
WageWorks Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 167.61 | 217.15 | 226.52 | 302.43 | 317.38 |
WageWorks Quarterly Data | ||||||||||||||||||||
Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
Gross Profit | Get a 7-Day Free Trial | 80.37 | 80.09 | 75.53 | 78.97 | 71.97 |
For the Specialty Business Services subindustry, WageWorks'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.
For the Business Services industry and Industrials sector, WageWorks's Gross Profit distribution charts can be found below:
* The bar in red indicates where WageWorks's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
WageWorks's Gross Profit for the fiscal year that ended in Dec. 2018 is calculated as
Gross Profit (A: Dec. 2018 ) | = | Revenue | - | Cost of Goods Sold |
= | 472.184 | - | 154.804 | |
= | 317.4 |
WageWorks's Gross Profit for the quarter that ended in Jun. 2019 is calculated as
Gross Profit (Q: Jun. 2019 ) | = | Revenue | - | Cost of Goods Sold |
= | 108.629 | - | 36.66 | |
= | 72.0 |
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $306.6 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
WageWorks's Gross Margin % for the quarter that ended in Jun. 2019 is calculated as
Gross Margin % (Q: Jun. 2019 ) | = | Gross Profit (Q: Jun. 2019 ) | / | Revenue (Q: Jun. 2019 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 72.0 | / | 108.629 | |
= | 66.25 % |
* 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.
WageWorks (NYSE:WAGE) 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
WageWorks had a gross margin of 66.25% for the quarter that ended in Jun. 2019 => Durable competitive advantage
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Ismail Dawood | officer: Chief Financial Officer | 3527 NORTH RIDGE ROAD, WICHITA KS 67205 |
John G. Saia | officer: SVP, GC & Corporate Secretary | C/O ACELRX PHARMACEUTICALS, INC., 351 GALVESTON DRIVE, REDWOOD CITY CA 94063 |
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