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DRTTF (Dirtt Environmental Solutions) Gross Profit : $66.1 Mil (TTM As of Sep. 2024)


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What is Dirtt Environmental Solutions Gross Profit?

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%.


Dirtt Environmental Solutions Gross Profit Historical Data

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.

* Premium members only.

Dirtt Environmental Solutions Gross Profit Chart

Dirtt Environmental Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.07 19.24 14.65 15.38 16.81

Competitive Comparison of Dirtt Environmental Solutions's Gross Profit

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.


Dirtt Environmental Solutions's Gross Profit Distribution in the Construction Industry

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.



Dirtt Environmental Solutions Gross Profit Calculation

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


Dirtt Environmental Solutions Gross Profit Related Terms

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Dirtt Environmental Solutions Business Description

Traded in Other Exchanges
Address
7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6
Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial, Government and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.
Executives
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