GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGF) » Definitions » Gross Profit

LNVGF (Lenovo Group) Gross Profit : $10,385 Mil (TTM As of Sep. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Lenovo Group Gross Profit?

Lenovo Group's gross profit for the three months ended in Sep. 2024 was $2,796 Mil. Lenovo Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $10,385 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Lenovo Group's gross profit for the three months ended in Sep. 2024 was $2,796 Mil. Lenovo Group's Revenue for the three months ended in Sep. 2024 was $17,850 Mil. Therefore, Lenovo Group's Gross Margin % for the quarter that ended in Sep. 2024 was 15.66%.

Lenovo Group had a gross margin of 15.66% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Lenovo Group was 17.24%. The lowest was 13.83%. And the median was 15.42%.


Lenovo Group Gross Profit Historical Data

The historical data trend for Lenovo Group'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.

Lenovo Group Gross Profit Chart

Lenovo Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,357.30 9,767.89 12,048.98 10,501.09 9,803.18

Lenovo Group 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 2,521.76 2,601.39 2,428.13 2,559.85 2,795.75

Competitive Comparison of Lenovo Group's Gross Profit

For the Computer Hardware subindustry, Lenovo Group'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.


Lenovo Group's Gross Profit Distribution in the Hardware Industry

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

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



Lenovo Group Gross Profit Calculation

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

Lenovo Group'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
=56863.784 - 47060.601
=9,803

Lenovo Group's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=17850.094 - 15054.344
=2,796

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 $10,385 Mil.

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

Lenovo Group'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
=2,796 / 17850.094
=15.66 %

* 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.


Lenovo Group  (OTCPK:LNVGF) 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

Lenovo Group had a gross margin of 15.66% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Lenovo Group Gross Profit Related Terms

Thank you for viewing the detailed overview of Lenovo Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Lenovo Group Business Description

Address
979 King\'s Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG
Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 60%, 13%, and 17% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.