Joy Global (Joy Global) Gross Margin % : 21.83% (As of Jan. 2017)

View and export this data going back to 1991. Start your Free Trial

What is Joy Global Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Joy Global's Gross Profit for the three months ended in Jan. 2017 was $109 Mil. Joy Global's Revenue for the three months ended in Jan. 2017 was $498 Mil. Therefore, Joy Global's Gross Margin % for the quarter that ended in Jan. 2017 was 21.83%.

The historical rank and industry rank for Joy Global's Gross Margin % or its related term are showing as below:

JOY's Gross Margin % is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 24.36
* Ranked among companies with meaningful Gross Margin % only.

Joy Global had a gross margin of 21.83% for the quarter that ended in Jan. 2017 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Joy Global was 0.00% per year.

Joy Global Gross Margin % Historical Data

The historical data trend for Joy Global's Gross Margin % 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.

Joy Global Gross Margin % Chart

Joy Global Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Gross Margin %

Get a 7-Day Free Trial

33.16

32.18

29.75

26.45

21.75

Joy Global Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Gross Margin %	Get a 7-Day Free Trial															16.73	23.84	22.50	23.20	21.83

Competitive Comparison of Joy Global's Gross Margin %

For the Farm & Heavy Construction Machinery subindustry, Joy Global's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Joy Global's Gross Margin % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Joy Global's Gross Margin % falls into.

Joy Global Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Joy Global's Gross Margin for the fiscal year that ended in Oct. 2016 is calculated as

Gross Margin % (A: Oct. 2016 )	=	Gross Profit (A: Oct. 2016 )	/	Revenue (A: Oct. 2016 )
	=	515.8	/	2371.4
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2371.4 - 1855.574)	/	2371.4
	=	21.75 %

Joy Global's Gross Margin for the quarter that ended in Jan. 2017 is calculated as

Gross Margin % (Q: Jan. 2017 )	=	Gross Profit (Q: Jan. 2017 )	/	Revenue (Q: Jan. 2017 )
	=	108.7	/	497.769
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(497.769 - 389.108)	/	497.769
	=	21.83 %

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.

Joy Global (NYSE:JOY) Gross Margin % 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

Joy Global had a gross margin of 21.83% for the quarter that ended in Jan. 2017 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Joy Global Gross Margin % Related Terms

Thank you for viewing the detailed overview of Joy Global's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Joy Global (Joy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Joy Global Inc (NYSE:JOY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.joyglobal.com

Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.

Executives

Sean D Major	officer: EVP, GC and Secretary	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Doheny Edward L Ii	director, officer: President and CEO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
James M Sullivan	officer: EVP & CFO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Gale E Klappa	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
John Nils Hanson	director	100 E WISCONSIN AVE, SUITE 2780, MILWAUKEE WI 53202
Mark Joseph Gliebe	director	200 STATE STREET, BELOIT WI 53511
Randal W Baker	officer: EVP and COO	100 E WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Michael W Sutherlin	director, officer: President and CEO	7374 SE 71ST STREET, MERCER ISLAND WA 98040
Eric A. Nielsen	officer: EVP	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Ricky T Dillon	officer: VP and Controller	ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Ken C Johnsen	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Woodward James H Jr	officer: Executive Vice President, CFO	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Donald C Roof	officer: Executive Vice President, CFO	P O BOX 554, MILWAUKEE WI 53201