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FTEL (Fitell) Gross Profit : $1.59 Mil (TTM As of Jun. 2024)


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What is Fitell Gross Profit?

Fitell's gross profit for the six months ended in Jun. 2024 was $0.74 Mil. Fitell's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $1.59 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Fitell's gross profit for the six months ended in Jun. 2024 was $0.74 Mil. Fitell's Revenue for the six months ended in Jun. 2024 was $2.34 Mil. Therefore, Fitell's Gross Margin % for the quarter that ended in Jun. 2024 was 31.53%.

Fitell had a gross margin of 31.53% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 4 years, the highest Gross Margin % of Fitell was 45.28%. The lowest was 35.50%. And the median was 42.11%.

Fitell Gross Profit Historical Data

The historical data trend for Fitell'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.

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Fitell Gross Profit Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Gross Profit
2.75 3.64 2.17 1.59

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross Profit Get a 7-Day Free Trial 1.33 1.59 0.58 0.85 0.74

Competitive Comparison of Fitell's Gross Profit

For the Specialty Retail subindustry, Fitell'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.

Fitell's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fitell's Gross Profit distribution charts can be found below:

* The bar in red indicates where Fitell's Gross Profit falls into.


Fitell Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Fitell's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as

Gross Profit (A: Jun. 2024 )=Revenue - Cost of Goods Sold
=4.467 - 2.881
=1.59

Fitell's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=2.344 - 1.605
=0.74

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 $1.59 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Fitell's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.74 / 2.344
=31.53 %

* 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.

Fitell  (NAS:FTEL) 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

Fitell had a gross margin of 31.53% for the quarter that ended in Jun. 2024 => Competition eroding margins

Fitell Gross Profit Related Terms

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Fitell Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Gross Profit
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.fitellcorp.com
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains. The company earns maximum of revenue for retail.