Flex (HAM:FXI) Gross Profit : €1,727 Mil (TTM As of Mar. 2024)

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What is Flex Gross Profit?

Flex's gross profit for the three months ended in Mar. 2024 was €-27 Mil. Flex's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was €1,727 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Flex's gross profit for the three months ended in Mar. 2024 was €-27 Mil. Flex's Revenue for the three months ended in Mar. 2024 was €4,145 Mil. Therefore, Flex's Gross Margin % for the quarter that ended in Mar. 2024 was -0.64%.

Flex had a gross margin of -0.64% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Flex was 7.23%. The lowest was 5.53%. And the median was 6.48%.

Flex Gross Profit Historical Data

The historical data trend for Flex'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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Flex Gross Profit Chart

Flex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Profit

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1,211.80

1,417.08

1,616.24

1,845.58

1,715.80

Flex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															249.38	541.80	623.11	588.71	-26.68

Competitive Comparison of Flex's Gross Profit

For the Electronic Components subindustry, Flex'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.

Flex's Gross Profit Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Flex's Gross Profit distribution charts can be found below:

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

Flex Gross Profit Calculation

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

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

Gross Profit (A: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	24301.8	-	22586
	=	1,716

Flex's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	4144.6	-	4171.28
	=	-27

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,727 Mil.

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

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

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-27	/	4144.6
	=	-0.64 %

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.

Flex (HAM:FXI) 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

Flex had a gross margin of -0.64% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

Flex Gross Profit Related Terms

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Flex (HAM:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (HAM:FXI) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

FLEX:USA FLEX:Mexico FXI:Germany

Address

2 Changi South Lane, Singapore, SGP, 486123

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.