ITGGF (Italgas SpA) Gross Profit : $1,707 Mil (TTM As of Jun. 2024)

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What is Italgas SpA Gross Profit?

Italgas SpA's gross profit for the six months ended in Jun. 2024 was $869 Mil. Italgas SpA's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $1,707 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Italgas SpA's gross profit for the six months ended in Jun. 2024 was $869 Mil. Italgas SpA's Revenue for the six months ended in Jun. 2024 was $1,268 Mil. Therefore, Italgas SpA's Gross Margin % for the quarter that ended in Jun. 2024 was 68.56%.

Italgas SpA had a gross margin of 68.56% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 8 years, the highest Gross Margin % of Italgas SpA was 67.11%. The lowest was 58.70%. And the median was 63.37%.

Warning Sign:

Italgas SpA gross margin has been in long-term decline. The average rate of decline per year is -2.5%.

Italgas SpA Gross Profit Historical Data

The historical data trend for Italgas SpA'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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Italgas SpA Gross Profit Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1,298.51

1,638.10

1,443.38

1,414.26

1,669.63

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Profit	Get a 7-Day Free Trial											669.11	743.74	826.57	837.65	869.23

Competitive Comparison of Italgas SpA's Gross Profit

For the Utilities - Regulated Gas subindustry, Italgas SpA'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.

Italgas SpA's Gross Profit Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Gross Profit distribution charts can be found below:

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

Italgas SpA Gross Profit Calculation

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

Italgas SpA'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
	=	2844.541	-	1174.914
	=	1,670

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

Gross Profit (Q: Jun. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	1267.811	-	398.582
	=	869

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 $1,707 Mil.

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

Italgas SpA'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
	=	869	/	1267.811
	=	68.56 %

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.

Italgas SpA (OTCPK:ITGGF) 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

Italgas SpA had a gross margin of 68.56% for the quarter that ended in Jun. 2024 => Durable competitive advantage

Italgas SpA Gross Profit Related Terms

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Italgas SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (OTCPK:ITGGF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

IG:Italy IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.