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Dirtt Environmental Solutions's gross profit for the three months ended in Sep. 2024 was $16.8 Mil. Dirtt Environmental Solutions's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $66.1 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Dirtt Environmental Solutions's gross profit for the three months ended in Sep. 2024 was $16.8 Mil. Dirtt Environmental Solutions's Revenue for the three months ended in Sep. 2024 was $43.4 Mil. Therefore, Dirtt Environmental Solutions's Gross Margin % for the quarter that ended in Sep. 2024 was 38.76%.
Dirtt Environmental Solutions had a gross margin of 38.76% for the quarter that ended in Sep. 2024 => Competition eroding margins
During the past 11 years, the highest Gross Margin % of Dirtt Environmental Solutions was 43.54%. The lowest was 15.90%. And the median was 36.32%.
Warning Sign:
Dirtt Environmental Solutions Ltd gross margin has been in long-term decline. The average rate of decline per year is -10.3%.
The historical data trend for Dirtt Environmental Solutions'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.
Dirtt Environmental Solutions Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 86.42 | 53.28 | 23.46 | 28.16 | 59.54 |
Dirtt Environmental Solutions Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Profit | Get a 7-Day Free Trial | 17.07 | 19.24 | 14.65 | 15.38 | 16.81 |
For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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 Construction industry and Industrials sector, Dirtt Environmental Solutions's Gross Profit distribution charts can be found below:
* The bar in red indicates where Dirtt Environmental Solutions's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Dirtt Environmental Solutions's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 181.931 | - | 122.389 | |
= | 59.5 |
Dirtt Environmental Solutions's Gross Profit for the quarter that ended in Sep. 2024 is calculated as
Gross Profit (Q: Sep. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 43.375 | - | 26.562 | |
= | 16.8 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $66.1 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Dirtt Environmental Solutions's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as
Gross Margin % (Q: Sep. 2024 ) | = | Gross Profit (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 16.8 | / | 43.375 | |
= | 38.76 % |
* 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.
Dirtt Environmental Solutions (OTCPK:DRTTF) 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
Dirtt Environmental Solutions had a gross margin of 38.76% for the quarter that ended in Sep. 2024 => Competition eroding margins
Thank you for viewing the detailed overview of Dirtt Environmental Solutions's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Shaun Noll | director | 55 SPEAR STREET, 42ND FLOOR, SAN FRANCISCO CA 94101 |
Benjamin Nicholas Urban | director, officer: Chief Executive Officer | 7303 30 STREET S.E., CALGARY A0 T2C 1N6 |
Fareeha Khan | officer: Chief Financial Officer | 7303 30 STREET S.E., CALGARY A0 T2C 1N6 |
Kenneth D Sanders | director | 338 SPEAR STREET #31-C, SAN FRANCISCO CA 94105 |
Nandini Somayaji | officer: See Remarks | 7303 30 STREET S.E., CALGARY A0 T2C 1N6 |
Mark Greffen | officer: See Remarks | 7303 30 ST. S.E., CALGARY A0 T2C 1N6 |
Scott L Robinson | director | 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728 |
Aron R. English | director | 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107 |
Mitchell Cory | director | 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107 |
Jeffery Dopheide | officer: Chief Revenue Officer | 7303 30 STREET S.E., CALGARY A0 T2C 1N6 |
Richard J Hunter | officer: Chief Operating Officer | 511 E JOHN CARPENTER FREEWAY, SUITE 600, IRVING TX 75062 |
Bradley Scott Little | officer: Chief Financial Officer | 7303 30 ST SE, CALGARY A0 T2C 1N6 |
Douglas A Edwards | director | 2218 ALTA AVE., LOUISVILLE KY 40205 |
Scott C Ryan | director | 4745 N. 7TH STREET, SUITE 310, PHOENIX AZ 85014 |
Mary Garden | director | 480 BROOKHAVEN RD, VICTORIA A1 V9E 2A5 |
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