ARB IOT Group's gross profit for the
six
months ended in Jun. 2024 was $-0.59 Mil. ARB IOT Group's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $-4.36 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. ARB IOT Group's gross profit for the
six
months ended in Jun. 2024 was $-0.59 Mil. ARB IOT Group's Revenue for the
six
months ended in Jun. 2024 was $5.64 Mil. Therefore, ARB IOT Group's Gross Margin % for the quarter that ended in Jun. 2024 was -10.37%.
ARB IOT Group had a gross margin of -10.37% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
During the past 4 years, the highestGross Margin % of ARB IOT Group was 22.16%. The lowest was -35.07%. And the median was 20.51%.
ARB IOT Group Gross Profit Historical Data
The historical data trend for ARB IOT Group'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 ARB IOT Group's Gross Profit
For the Information Technology Services subindustry, ARB IOT Group'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.
ARB IOT Group's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, ARB IOT Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where ARB IOT Group's Gross Profit falls into.
ARB IOT Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
ARB IOT Group's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.36 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.
ARB IOT Group (NAS:ARBB) 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
ARB IOT Group had a gross margin of -10.37% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage
ARB IOT Group Gross Profit Related Terms
Thank you for viewing the detailed overview of ARB IOT Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
ARB IOT Group Ltd is engaged in provision of hardware and software of Internet of Things solutions to meet customers' demand in four business lines, which are IoT Smart Home and Buildings, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. The company delivers holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. The company has two operating segments: Internet of Things ('IoT'), Investment holding and others. It earns its maximum profit from the Internet of Things (IoT) segment.
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