Cleantek Industries's gross profit for the
three
months ended in Sep. 2024 was $1.28 Mil. Cleantek Industries's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $5.25 Mil.
Cleantek Industries had a gross margin of 62.18% for the quarter that ended in Sep. 2024 => Durable competitive advantage
During the past 4 years, the highestGross Margin % of Cleantek Industries was 59.94%. The lowest was 44.24%. And the median was 55.66%.
Cleantek Industries Gross Profit Historical Data
The historical data trend for Cleantek Industries'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 Cleantek Industries's Gross Profit
For the Specialty Industrial Machinery subindustry, Cleantek Industries'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.
Cleantek Industries's Gross Profit Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Cleantek Industries's Gross Profit distribution charts can be found below:
* The bar in red indicates where Cleantek Industries's Gross Profit falls into.
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 $5.25 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.
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
Cleantek Industries had a gross margin of 62.18% for the quarter that ended in Sep. 2024 => Durable competitive advantage
Cleantek Industries Gross Profit Related Terms
Thank you for viewing the detailed overview of Cleantek Industries's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Cleantek Industries Inc is engaged in the manufacturing and rental of equipment to the oil and gas and construction industries in Western Canada and the United States. Its products include ZeroE, Halo, DZeroE, and SolarHybrid.Li, SolarHybrid, and Stadium Lighting among others. The company's revenue is generated from the rental and service of dehydration units, lighting towers, and lighting systems based on fixed or agreed-upon service contracts with the customer.
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